1207 ET - Flowers Foods' $795 million acquisition of Simple Mills is likely to immediately grow margins and sales, Truist analysts say, maintaining their hold rating. Simple Mills is expected to add about 0.6% to Flowers' 2025 organic growth, which is pretty significant because the company is only expected to post 0.5% growth in 2024, the analysts estimate. If the merger goes through, analysts believe Flowers can expand Simple Mills' distribution to maintain or increase its growth trajectory. Flowers shares slip 3.1%. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
January 08, 2025 12:07 ET (17:07 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.