8-K
filed February 9, 2024, 6:59 PM ET
ticker FLO
CIK 0001128928
earnings
confidence high
sentiment neutral
materiality 0.70
Flowers Foods posts record FY2023 sales $5.091B; adjusted EPS down 5.4% to $1.20; guides FY2024 adjusted EPS $1.20-$1.30
FLOWERS FOODS INC
2023-FY EPS reported
$0.58
revenue$5,090,830,000
- Record FY2023 sales $5.091B (+5.9%); Q4 record sales $1.129B (+4.3%).
- GAAP net income down 46% to $123.4M on legal settlement; adjusted net income down 5.4% to $256.3M.
- Adjusted diluted EPS FY $1.20 (down $0.07); Q4 $0.20; guidance FY2024 $1.20-$1.30.
- Dave's Killer Bread reaches $1B retail sales; company gains dollar/unit share in Q4.
- FY2024 outlook: sales $5.091B-$5.172B, adj. EBITDA $524M-$553M, capex $120M-$130M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.97
FLOWERS FOODS INC reported 52-week fiscal 2023 ended December 30, 2023 results: revenue $5.091 billion, net income $123.4 million, EPS $0.58. Guidance initiated.
- Period
- 52-week fiscal 2023 ended December 30, 2023
- Revenue
- $5.091 billion
- Net income
- $123.4 million
- EPS
- $0.58
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Fiscal 2023 Summary: Compared to the prior year where applicable • Sales increased 5.9% to a record $5.091 billion. • Net income decreased 46.0% to $123.4 million, primarily due to increased legal settlement expense. Adjusted net income (1) decreased 5.4% to $256.3 million. • Adjusted EBITDA (1) decreased 0.1% to $501.7 million, representing 9.9% of sales, a 50-basis point decrease. • Diluted EPS decreased $0.49 to $0.58. Adjusted diluted EPS (1) decreased $0.07 to $1.20.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.97
FLOWERS FOODS INC reported 12-week fourth quarter ended December 30, 2023 results: revenue $1.129 billion, net income $35.7 million, EPS $0.17. Guidance initiated.
- Period
- 12-week fourth quarter ended December 30, 2023
- Revenue
- $1.129 billion
- Net income
- $35.7 million
- EPS
- $0.17
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Fourth Quarter Summary: Compared to the prior year fourth quarter where applicable • Sales increased 4.3% to a fourth-quarter record, $1.129 billion. • Net income decreased 26.6% to $35.7 million, primarily due to increased SD&A and depreciation and amortization expense. Adjusted net income (1) decreased 11.2% to $42.7 million. • Adjusted EBITDA (1) increased 0.1% to $96.3 million, representing 8.5% of sales, a 40-basis point decrease. • Diluted EPS decreased $0.06 to $0.17. Adjusted diluted EPS (1) decreased $0.03 to $0.20.
View on SEC.gov
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