
Amazon-Owned Blink Debuts Doorbell Cam With Wider View, Person Detection
Compared with its predecessor, the newest Blink Video Doorbell provides a more expansive 150-degree 'head-to-toe' field of view that should give a fuller preview of guests and package deliveries, according to the company. The device runs on three standard AA batteries and is rated for as much as two years of battery life, it added.
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Opendoor stock pops 10% as company says CEO will step down
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Yahoo
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Gas prices: Slipping oil prices fuel summer savings at Canadian pumps
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Yahoo
11 minutes ago
- Yahoo
Flowers Foods Trims Annual Outlook As Bread Demand Softens
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 decreased 1.2% in the quarter under review, while volume declined 2.4%. Net income decreased 12.8% to $58.4 million, representing 4.7% of sales, an 80-basis point decrease, primarily due to greater outside purchases, increased workforce-related costs, and higher interest expense. Adjusted net income decreased 16% to $63.4 million. View more earnings on FLO Adjusted EBITDA decreased 4% to $137.7 million. Adjusted EBITDA margin was 11.1% of net sales, down 60 basis points. 'We are proactively working to mitigate this weakness with disciplined cost savings efforts,' the CEO added. Simple Mills contributed $61.4 million in net sales, with a net loss of $2.1 million. The company exited the quarter with cash and equivalents worth $11.045 million. Long-term debt as of quarter-end expanded to $1.749 billion, compared with $1.021 billion as of December 28, 2024. Outlook Flowers Foods cut its FY2025 adjusted EPS forecast to $1.00–$1.10, down from its prior view of $1.05–$1.15. The revised outlook compares with the consensus estimate of $1.09. The company also lowered its FY2025 sales guidance to a range of $5.021 billion–$5.083 billion from $5.079 billion–$5.170 billion. This new sales forecast falls short of the Street's expectation of $5.310 billion. Price Action: FLO shares are trading lower by 2.63% to $16.11 at last check Friday. Read Next:Photo by Kritchai7752 via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Flowers Foods Trims Annual Outlook As Bread Demand Softens originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio