Flowers Foods Inc. (FLO) said that it has revised its long-term outlook. It expects earnings per share growth of 7% to 9%, including M&A, share repurchases. It is expected that EBITDA growth to be 4% to 6%, excluding M&A.

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Flowers Foods Inc. (FLO) said that it has revised its long-term outlook. It expects earnings per share growth of 7% to 9%, including M&A, share repurchases. It is expected that EBITDA growth to be 4% to 6%, excluding M&A.

RTTNews | Aug 7, 2020 08:12AM EDT

08:12 Friday, August 7, 2020 (RTTNews.com) - Flowers Foods Inc. (FLO) said that it has revised its long-term outlook. It expects earnings per share growth of 7% to 9%, including M&A, share repurchases. It is expected that EBITDA growth to be 4% to 6%, excluding M&A.

The company anticipates sales growth of 1% to 2%, excluding M&A.

Ryals McMullian, Flowers Foods president and CEO said, "As part of our updated strategic priorities, we are shifting our focus to value-added, branded retail products that we project will drive the top line and improve margins."

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