RTTNews | May 20, 2021 05:07PM EDT

17:06 Thursday, May 20, 2021 (RTTNews.com) - Flowers Foods, Inc. (FLO) Thursday reported first-quarter net income of $71.7 million or $0.34 per share, compared to net loss of $5.8 million or $0.03 per share last year.

Adjusted earnings for the quarter rose to $0.41 per share, same as last year.

Sales for the quarter dropped to $1.30 billion from $1.35 billion last year.

Analysts polled by Thomson Reuters expected earnings of $0.39 per share on revenues of $1.33 billion for the quarter. Analysts' estimates typically exclude one-time items.

Read the original article on RTTNews ( https://www.rttnews.com/3196521/flowers-foods-swings-to-q1-profit.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved