* Q1 EPS $0.44 vs est $0.42
* Q1 rev $795 mln vs est $815.3 mln
May 25 Flowers Foods Inc (FLO.N) posted a
better-than-expected quarterly profit on Tuesday, as lower
costs of raw materials like flour helped the baker boost its
margins, offsetting weak sales.
Flowers Foods, which competes with Sara Lee SLE.N, George
Weston (WN.TO) and Interstate Bakeries, also said its core
Nature's Own branded products did well during the quarter.
Net income at the company, which produces, markets, and
distributes breads, buns, rolls, and other baked goods to
retail and foodservice customers, rose about 9 percent to $40.7
million, or 44 cents a share.
Revenue fell 1.5 percent to $795.0, hit by softness in the
foodservice business and lower store brand sales, in the
quarter ended April 24.
Analysts, on average, were looking at earnings of 42 cents
a share, on revenue of $815.3 million, according to Thomson
Shares of the Thomasville, Georgia-based company closed at
$26.00 Monday on the New York Stock Exchange.
(Reporting by Nivedita Bhattacharjee in Bangalore; Editing by