secwatch.observer — SEC 8-K summary
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Issuer:     FLOWERS FOODS INC (FLO)
CIK:        0001128928
Form:       8-K
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0000950170-24-013043
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1128928/000095017024013043/0000950170-24-013043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1128928/000095017024013043/flo-20240208.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-013043

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