Flowers Foods cuts FY25 adjusted EPS view to $1.13-$1.22 from $1.18-$1.28

FY25 consensus $1.16. Sees FY25 net sales of approximately $5.297 billion to $5.395 billion, representing 3.8% to 5.7% growth compared to the prior year. Prior guidance called for net sales of approximately $5.403 billion to $5.487 billion, representing 5.9% to 7.5% growth. Excluding the Simple Mills acquisition, we expect net sales of approximately $5.079 billion to $5.170 billion, representing -0.5% to 1.3% growth compared to the prior year. Prior guidance, excluding the Simple Mills acquisition, called for net sales of approximately $5.180 billion to $5.257 billion, representing 1.5% to 3.0% growth. The partial-year benefit of the Simple Mills acquisition is expected to contribute $218 million to $225 million to net sales, compared to prior guidance of $223 million to $230 million. The 53rd week is expected to contribute $70 million to $80 million to net sales. FY25 revenue consensus $5.41B.