---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-013043"
form_type: "8-K"
ticker: "FLO"
cik: "0001128928"
company_name: "FLOWERS FOODS INC"
filed_at: "2024-02-09T23:59:59+00:00"
generated_at: "2026-06-06T04:42:53.475980+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Flowers Foods posts record FY2023 sales $5.091B; adjusted EPS down 5.4% to $1.20; guides FY2024 adjusted EPS $1.20-$1.30

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-013043
- form_type: 8-K
- ticker: FLO
- cik: 0001128928
- company_name: FLOWERS FOODS INC
- filed_at: 2024-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1128928/000095017024013043/0000950170-24-013043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1128928/000095017024013043/flo-20240208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-013043
- JSON: https://secwatch.observer/filing/0000950170-24-013043.json
- Plain text: https://secwatch.observer/filing/0000950170-24-013043.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1128928/000095017024013043/0000950170-24-013043-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1128928/000095017024013043/0000950170-24-013043-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.