Flowers Foods Q2 net income up 5%; adjusted EBITDA up 7.8%; FY guidance reaffirmed

FLOWERS FOODS INC

2024-Q2 EPS reported $0.66 revenue$2,801,801,000

Sales $1.225B (-0.2% YoY); pricing/mix +1.0%, volume -1.2% from business exits.
Net income $67.0M (+5.0%); diluted EPS $0.32; adjusted EPS $0.36 (+$0.03).
Adjusted EBITDA $143.5M (+7.8%), margin 11.7% (+90 bps).
FY2024 outlook: sales $5.091B-$5.172B, adj.EBITDA $524M-$553M, adj.EPS $1.20-$1.30 (unchanged).
CEO cites brand share gains, private label margin improvement, and cost savings.

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