Flowers Foods, Inc. (NYSE:FLO) shares are trading lower on Friday.
The company reported a second-quarter adjusted earnings per share of 30 cents, which is in line with the analyst consensus estimate. Quarterly sales of $1.242 billion (+1.5% year over year) missed the Street view of $1.266 billion.
“Macroeconomic uncertainty and shifting consumer demand have continued to pressure the bread category,” said Ryals McMullian, chairman and CEO of Flowers Foods.
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Pricing/mix decreased …