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via seekingalpha.comBusiness & Companies

Flowers Foods shares near 10-year low after weak results and lowered guidance

FROM THE WIRE · SEEKINGALPHA.COM

[Bread aisle of grocery store.] Katrina Wittkamp/DigitalVision via Getty Images Shares of Flowers Foods (FLO [https://seekingalpha.com/symbol/FLO]) are trading near a fresh 10-year low in Friday’s premarket trading after the most recent quarterly results and lowered outlook for…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishLowered guidance and falling operating cash flow raise concerns about profitability and a possible dividend cut.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Shares trade near a fresh 10-year low in Friday premarket trading.
  2. 02The CEO cites pressure on household budgets, evolving consumer behavior and heightened promotions.
  3. 03Declining operating cash flow stokes fears of another dividend cut.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Flowers Foods, Inc.FLOStock5.43 USDMarket closedtoday -13.12%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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