earnings
confidence high
sentiment positive
materiality 0.70
Flowers Foods Q3 adj. EPS $0.33 vs $0.29; narrows FY guidance higher
FLOWERS FOODS INC
2024-Q3 EPS reported
$0.97
revenue$3,992,362,000
- Q3 net sales $1.191B (-0.7%); net income $65.0M vs loss of $46.7M LY; adj. EPS $0.33 vs $0.29.
- Adj. EBITDA $133.3M (+10.0%), margin 11.2% (+110bps); legal settlements dropped to $0.8M from $137.5M.
- FY2024 guidance narrowed: adj. EPS $1.24-$1.28 (prior $1.20-$1.30), adj. EBITDA $530M-$542M (prior $524M-$553M).
- Branded retail sales -1.5% to $760.6M; non-retail pricing/mix +4.9% offset volume declines; capex guided $130M-$140M.