Flowers Foods Q3 net loss $46.7M on $1.199B record sales; guidance narrowed lower

FLOWERS FOODS INC

2023-Q3 EPS reported $0.41 revenue$3,961,803,000

Net loss of $46.7M vs prior-year net income of $40.6M; diluted EPS loss $0.22.
Adjusted EPS $0.29, down $0.01 YoY; adjusted EBITDA $121.2M (+0.6%).
Sales rose 3.5% to a Q3 record $1.199B; pricing/mix +6.3% offset volume decline of 4.1%.
FY2023 sales guidance narrowed to $5.085-5.104B from $5.095-5.141B; adjusted EBITDA lowered to $495-515M.
Q3 legal settlement expense of $0.49/sh; adjusted EPS outlook reaffirmed at $1.18-$1.25.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FLOWERS FOODS INC reported 12-week fiscal third quarter ended October 7, 2023 results: revenue $1.199 billion, net income net loss of $46.7 million, EPS loss of $0.22.

Period: 12-week fiscal third quarter ended October 7, 2023
Revenue: $1.199 billion
Net income: net loss of $46.7 million
EPS: loss of $0.22
Result: reported results

Exact text from the filing

fiscal third quarter ended October 7, 2023. Third Quarter Summary: Compared to the prior year third quarter where applicable • Sales increased 3.5% to a third-quarter record, $1.199 billion. • Net income decreased $87.3 million to a net loss of $46.7 million, primarily due to increased legal settlement expense. Adjusted net income (1) decreased 4.5% to $61.7

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FLOWERS FOODS INC reported fiscal year 2023 results: EPS $1.18 to $1.25 (adjusted diluted EPS). Guidance reaffirmed.

Period: fiscal year 2023
EPS: $1.18 to $1.25 (adjusted diluted EPS)
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

For the 52-week Fiscal 2023, the Company Expects: • Sales in the range of approximately $5.085 billion to $5.104 billion, representing an increase of approximately 5.8% to 6.2% compared to the prior year period. Prior guidance called for sales of approximately $5.095 billion to $5.141 billion, representing an increase of approximately 6.0% to 7.0% compared to the prior year period.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FLOWERS FOODS INC reported fiscal year 2023 results: EPS $1.18 to $1.25 (adjusted diluted EPS). Guidance reaffirmed.

Period: fiscal year 2023
EPS: $1.18 to $1.25 (adjusted diluted EPS)
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Adjusted diluted EPS (1) in the range of approximately $1.18 to $1.25, consistent with prior guidance.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

FLOWERS FOODS INC filing history →

Source: SEC EDGAR

accession 0000950170-23-062202

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