See more : Morgan Stanley (MS) Income Statement Analysis – Financial Results
Complete financial analysis of Flowers Foods, Inc. (FLO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Flowers Foods, Inc., a leading company in the Packaged Foods industry within the Consumer Defensive sector.
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Flowers Foods, Inc. (FLO)
About Flowers Foods, Inc.
Flowers Foods, Inc. produces and markets packaged bakery products in the United States. It offers fresh breads, buns, rolls, snack cakes, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshley's, and Tastykake brand names. The company distributes its products through a direct-store-delivery distribution and a warehouse delivery system, as well as operates 46 bakeries comprising 44 owned and two leased. Its customers include mass merchandisers, supermarkets and other retailers, convenience stores, national and regional restaurants, quick-serve chains, retail in-store bakeries, foodservice distributors, food wholesalers, institutions, dollar stores, and vending companies. The company was formerly known as Flowers Industries and changed its name to Flowers Foods, Inc. in 2001. Flowers Foods, Inc. was founded in 1919 and is headquartered in Thomasville, Georgia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.09B | 4.81B | 4.33B | 4.39B | 4.12B | 3.95B | 3.92B | 3.93B | 3.78B | 3.75B | 3.75B | 3.05B | 2.77B | 2.57B | 2.60B | 2.41B | 2.04B | 1.89B | 1.72B | 1.55B | 1.45B | 1.65B | 1.63B | 1.62B | 1.51B | 1.48B |
| Cost of Revenue | 2.63B | 2.50B | 2.18B | 2.20B | 2.16B | 2.07B | 2.01B | 2.03B | 1.96B | 1.95B | 1.97B | 1.62B | 1.47B | 1.35B | 1.39B | 1.26B | 1.04B | 949.61M | 861.58M | 779.44M | 720.16M | 910.37M | 888.82M | 900.20M | 883.88M | 795.08M |
| Gross Profit | 2.46B | 2.30B | 2.16B | 2.19B | 1.97B | 1.89B | 1.91B | 1.90B | 1.82B | 1.80B | 1.78B | 1.43B | 1.30B | 1.23B | 1.21B | 1.15B | 997.66M | 939.04M | 854.29M | 771.87M | 732.83M | 741.79M | 740.18M | 719.78M | 623.54M | 688.06M |
| Gross Profit Ratio | 48.30% | 47.94% | 49.77% | 49.95% | 47.73% | 47.70% | 48.76% | 48.40% | 48.04% | 47.97% | 47.42% | 46.90% | 46.88% | 47.67% | 46.55% | 47.66% | 48.98% | 49.72% | 49.79% | 49.76% | 50.44% | 44.90% | 45.44% | 44.43% | 41.36% | 46.39% |
| Research & Development | 20.10M | 6.10M | 5.60M | 4.00M | 4.30M | 4.90M | 2.40M | 3.00M | 3.30M | 5.60M | 5.80M | 1.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 1.86B | 1.85B | 1.72B | 1.69B | 1.58B | 1.51B | 1.50B | 1.46B | 1.38B | 1.37B | 1.38B | 1.11B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 99.30M | 74.60M | 77.70M | 60.40M | 48.20M | 40.50M | 33.80M | 33.90M | 23.50M | 22.90M | 28.10M | 19.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 1.96B | 1.85B | 1.72B | 1.69B | 1.58B | 1.51B | 1.50B | 1.46B | 1.38B | 1.37B | 1.38B | 1.11B | 1.02B | 936.00M | 926.42M | 894.80M | 787.82M | 759.39M | 695.66M | 632.90M | 601.01M | 613.02M | 668.03M | 642.54M | 582.62M | 527.61M |
| Other Expenses | 309.04M | 141.96M | 136.56M | 141.38M | 144.23M | -3.21M | -4.65M | -6.65M | 132.18M | -15.39M | 118.49M | 102.69M | 94.64M | 85.12M | 77.92M | 71.01M | 65.16M | 61.16M | 59.34M | 56.70M | 53.94M | 101.58M | 66.34M | 67.61M | 59.88M | 118.01M |
| Operating Expenses | 2.29B | 1.99B | 1.86B | 1.83B | 1.72B | 1.65B | 1.65B | 1.61B | 1.51B | 1.50B | 1.49B | 1.21B | 1.11B | 1.02B | 1.01B | 965.00M | 852.98M | 820.55M | 755.00M | 689.60M | 654.95M | 714.60M | 734.37M | 710.15M | 642.50M | 645.62M |
| Cost & Expenses | 4.92B | 4.49B | 4.03B | 4.03B | 3.88B | 3.72B | 3.66B | 3.63B | 3.48B | 3.45B | 3.47B | 2.83B | 2.58B | 2.37B | 2.40B | 2.23B | 1.89B | 1.77B | 1.62B | 1.47B | 1.38B | 1.62B | 1.62B | 1.61B | 1.53B | 1.44B |
| Interest Income | 20.58M | 23.64M | 23.53M | 26.70M | 27.75M | 27.76M | 22.94M | 20.55M | 21.97M | 20.95M | 16.02M | 13.67M | 13.11M | 4.52M | 13.01M | 13.49M | 11.85M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 36.61M | 5.28M | 8.00M | 12.09M | 11.10M | 7.93M | 13.62M | 14.35M | 4.85M | 7.34M | 12.86M | 9.74M | 10.17M | 8.16M | 11.59M | 6.14M | 3.45M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 151.71M | 141.96M | 136.56M | 141.38M | 144.23M | 144.12M | 146.72M | 140.87M | 132.18M | 128.96M | 118.49M | 102.69M | 94.64M | 85.12M | 80.93M | 73.31M | 66.09M | 64.25M | 59.34M | 56.70M | 53.94M | 73.97M | 73.82M | 67.10M | 53.89M | 53.54M |
| EBITDA | 345.80M | 469.96M | 438.99M | 380.74M | 395.02M | 376.83M | 332.57M | 425.09M | 451.77M | 430.05M | 468.92M | 333.14M | 294.35M | 300.81M | 300.27M | 269.50M | 222.63M | 182.74M | 158.63M | 138.98M | 131.82M | 120.51M | 74.16M | 76.74M | 34.93M | 95.99M |
| EBITDA Ratio | 6.79% | 9.43% | 10.04% | 11.36% | 9.53% | 9.48% | 10.40% | 11.11% | 11.48% | 11.47% | 10.76% | 10.54% | 10.23% | 11.31% | 11.04% | 10.86% | 10.30% | 9.51% | 9.24% | 8.96% | 9.07% | 7.79% | 4.43% | 4.77% | 2.32% | 6.47% |
| Operating Income | 172.87M | 303.22M | 294.92M | 321.49M | 225.43M | 212.34M | 162.91M | 263.89M | 297.88M | 275.40M | 335.23M | 218.51M | 189.03M | 205.86M | 206.33M | 185.12M | 144.68M | 118.49M | 99.29M | 82.27M | 77.89M | 27.20M | 5.81M | 9.63M | -18.96M | 42.45M |
| Operating Income Ratio | 3.40% | 6.31% | 6.81% | 7.33% | 5.47% | 5.37% | 4.16% | 6.72% | 7.88% | 7.35% | 8.94% | 7.17% | 6.82% | 8.00% | 7.93% | 7.67% | 7.10% | 6.27% | 5.79% | 5.30% | 5.36% | 1.65% | 0.36% | 0.59% | -1.26% | 2.86% |
| Total Other Income/Expenses | -15.76M | -4.50M | -24.15M | -120.78M | -13.35M | -15.18M | -11.71M | -15.36M | -4.85M | -7.34M | -12.86M | -9.74M | 2.94M | 4.52M | 4.44M | 4.93M | 9.34M | 4.95M | 6.34M | 8.83M | 7.98M | 43.51M | -777.00K | -68.37M | 0.00 | 0.00 |
| Income Before Tax | 157.11M | 298.71M | 270.77M | 200.71M | 212.08M | 197.16M | 149.29M | 249.54M | 293.03M | 268.05M | 322.37M | 208.77M | 191.97M | 210.38M | 207.76M | 190.05M | 153.09M | 123.44M | 105.62M | 91.10M | 85.87M | 10.72M | -26.38M | -58.74M | 0.00 | 0.00 |
| Income Before Tax Ratio | 3.09% | 6.22% | 6.25% | 4.57% | 5.14% | 4.99% | 3.81% | 6.35% | 7.76% | 7.15% | 8.59% | 6.85% | 6.92% | 8.17% | 7.99% | 7.87% | 7.52% | 6.54% | 6.16% | 5.87% | 5.91% | 0.65% | -1.62% | -3.63% | 0.00% | 0.00% |
| Income Tax Expense | 33.69M | 70.32M | 64.59M | 48.39M | 47.55M | 40.00M | -827.00K | 85.76M | 103.84M | 92.32M | 91.48M | 72.65M | 68.54M | 73.33M | 74.05M | 67.74M | 54.97M | 45.30M | 39.86M | 35.07M | 33.06M | 4.59M | -8.14M | -16.46M | -26.25M | 547.00K |
| Net Income | 123.42M | 228.39M | 206.19M | 152.32M | 164.54M | 157.16M | 150.12M | 163.78M | 189.19M | 175.74M | 230.89M | 136.12M | 123.43M | 137.05M | 130.30M | 119.23M | 94.62M | 81.04M | 61.23M | 50.77M | 14.66M | -16.96M | -14.29M | 5.05M | 7.29M | 41.90M |
| Net Income Ratio | 2.42% | 4.75% | 4.76% | 3.47% | 3.99% | 3.98% | 3.83% | 4.17% | 5.01% | 4.69% | 6.16% | 4.47% | 4.45% | 5.32% | 5.01% | 4.94% | 4.65% | 4.29% | 3.57% | 3.27% | 1.01% | -1.03% | -0.88% | 0.31% | 0.48% | 2.83% |
| EPS | 0.58 | 1.08 | 0.97 | 0.72 | 0.78 | 0.74 | 0.72 | 0.79 | 0.90 | 0.84 | 1.11 | 0.66 | 0.61 | 0.67 | 0.63 | 0.58 | 0.46 | 0.26 | 0.29 | 0.15 | 0.07 | -0.05 | -0.06 | 0.20 | 0.03 | 0.18 |
| EPS Diluted | 0.58 | 1.07 | 0.97 | 0.72 | 0.78 | 0.74 | 0.71 | 0.78 | 0.89 | 0.82 | 1.09 | 0.66 | 0.60 | 0.66 | 0.63 | 0.57 | 0.45 | 0.26 | 0.28 | 0.15 | 0.06 | -0.05 | -0.06 | -0.02 | 0.03 | 0.18 |
| Weighted Avg Shares Out | 211.63M | 211.90M | 211.84M | 211.78M | 211.61M | 211.02M | 209.57M | 208.51M | 210.79M | 209.68M | 207.94M | 205.01M | 203.08M | 205.69M | 207.45M | 207.04M | 204.68M | 307.91M | 208.54M | 332.86M | 227.61M | 339.85M | 226.29M | 225.83M | 228.60M | 228.60M |
| Weighted Avg Shares Out (Dil) | 213.36M | 213.23M | 213.03M | 212.35M | 211.97M | 211.63M | 210.44M | 210.35M | 213.36M | 213.09M | 211.93M | 207.67M | 205.32M | 207.24M | 208.65M | 209.33M | 207.83M | 312.53M | 214.58M | 341.49M | 231.70M | 347.73M | 226.29M | 225.83M | 228.60M | 228.60M |
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Quadrant Capital Group LLC Acquires 7,648 Shares of Flowers Foods, Inc. (NYSE:FLO)
Quadrant Capital Group LLC lifted its holdings in Flowers Foods, Inc. (NYSE:FLO – Free Report) by 326.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,991...
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Shares of RBC Bearings Incorporated ((RBC Quick QuoteRBC - Free Report) ) jumped 8.1% after the company reported fourth-quarter fiscal 2024 earnings of $2.47 per share, beating the Zacks Consensus Estimate of $2.32 per share.Flowers Foods, Inc.’s ((FLO Quick QuoteFLO...
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Flowers Foods' (FLO) first-quarter fiscal 2024 results reflect gains from pricing and the Papa Pita acquisition amid soft volumes.
Flowers Foods, Inc. (FLO) Q1 2024 Earnings Call Transcript
Flowers Foods, Inc. (NYSE:FLO ) Q1 2024 Earnings Conference Call May 16, 2024 5:00 AM ET Company Participants J.T. Rieck - EVP, Finance & IR Ryals McMullian - Chairman & CEO Steve Kinsey - CFO Conference Call Participants Stephen Powers...
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Flowers Foods (FLO) came out with quarterly earnings of $0.38 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.38 per share a year ago.
FLOWERS FOODS, INC. REPORTS FIRST QUARTER 2024 RESULTS
THOMASVILLE, Ga. , May 16, 2024 /PRNewswire/ -- Flowers Foods, Inc. (NYSE: FLO) today reported financial results for the company's 16-week first quarter ended April 20, 2024.
Flowers Foods (FLO) Gears Up for Q1 Earnings: Is a Beat Likely?
Flowers Foods' (FLO) first-quarter performance is likely to reflect gains from pricing actions. This, along with impressive portfolio strategies and enhanced efficiencies, is an upside.
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Investors looking for stocks in the Food - Miscellaneous sector might want to consider either Smucker (SJM) or Flowers Foods (FLO). But which of these two stocks is more attractive to value investors?
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