Flowers Foods’ Upcoming Q2 Earnings Preview 
<p>Analysts at Deutsche Bank shared their outlook on <a href='https://financialmodelingprep.com/financial-summary/FLO'>Flowers Foods, Inc. (NYSE:FLO)</a> ahead of the company’s Q2 earnings, expected to be released on Aug 11.</p>
<p>According to the analysts, the company’s tracked channel consumption remains strong (up 10.8% year-over-year in Q2 vs. 11.0% in Q1; and sequentially stable on a 3-year CAGR basis) which should help offset cost pressures in raw materials, freight, and labor.</p>
<p>For Q2, the company modestly raised its top-line forecast given solid pricing momentum, though leaving its EPS estimate unchanged to reflect higher potential cost headwinds. Given strong momentum year-to-date, the analysts expect the company to reaffirm 2022 guidance of 10%-12% organic growth and $1.20-$1.30 EPS as price/mix and continued momentum in Store Branded Retail help offset the potential deterioration in elasticity and/or trade down.</p>
<p>The analysts lowered their price target to $27 from $26, while maintaining their hold rating.</p>

NYSE:FLO