earnings
confidence high
sentiment neutral
materiality 0.70
Flowers Foods Q2 sales record $1.129B (+11%), net income -4.8%; raised FY adj. EPS guidance low end to $1.25
FLOWERS FOODS INC
2022-Q2 EPS reported
$0.65
revenue$2,564,983,000
- Sales increased 11.0% to a second-quarter record $1.129B; net income decreased 4.8% to $53.7M.
- Diluted EPS $0.25 (down $0.01 YoY); adjusted diluted EPS $0.31 (down $0.01).
- Fiscal 2022 guidance: sales $4.764B-$4.850B (+10-12%); adjusted EPS $1.25-$1.30 (prior $1.20-$1.30).
- Board increased share repurchase authorization by 20M shares; year-to-date repurchased $16.5M of stock.
- Invested in Base Culture, a premium baked goods brand; increased dividend.