Flowers Foods Lowers Full-year Sales Forecast

THOMASVILLE, Ga. (AP) — Bakery goods company Flowers Foods Inc. maintained its full-year adjusted profit forecast Wednesday but cut its sales guidance, citing tightened consumer spending and competition.

The maker of Nature's Own bread still expects adjusted earnings of $1.37 to $1.48 per share, but it now anticipates a full-year sales increase of 9.7 percent to 11 percent, or $2.65 billion to $2.68 billion.

The company's previous guidance was for sales growth of 13 percent to nearly 15 percent. ...