- Shares of Flower Foods (FLO -8.5%) fall back after the company's Q4 earnings and FY17 guidance underwhelm investors.
- Management with Flower Foods is looking further down the road when significant margin improvement tied to "Project Centennial" start to kick in.
- "With Project Centennial we are taking decisive action to pivot towards the consumer and remove complexity and costs from our business," says Flower Foods CEO Allen Shiver.
- Flower Foods trades at its lowest level of 2017.
- Previously: Flowers Foods EPS in-line, misses on revenue (Feb. 13)