Flowers Foods, Inc., producer of Nature's Own, Wonder, Tastykake, Dave's Killer Bread, and other bakery foods, reported financial results for the company's 12-week second quarter ended July 14, 2018.

Highlights:
Compared to the prior year second quarter where applicable

• Sales grew 1.6%. Market share continued to increase, primarily driven by solid growth from Dave's Killer Bread, Wonder, and Nature's Own.

• Increased investments to drive consumer trial of new products, operational disruptions and additional costs due to inferior yeast, and elevated input and transportation costs negatively impacted adjusted EBITDA⁽¹⁾ margin.

• Diluted EPS was unchanged at $0.21.

• Adjusted diluted EPS⁽²⁾ increased $0.01 to $0.25.

• Revised earnings guidance for fiscal 2018: The company now expects adjusted diluted EPS in the range of $1.00 to $1.07. Previously the company expected adjusted diluted EPS in the range of $1.04 to $1.16.

(1)   Earnings before Interest, Taxes, Depreciation and Amortization, adjusted for certain items affecting comparability. See reconciliations of non-GAAP measures in the financial statements following this release.

(2)   See reconciliations of non-GAAP measures in the financial statements following this release.