8-K
filed November 10, 2022, 6:59 PM ET
ticker FLO
CIK 0001128928
earnings
confidence high
sentiment neutral
materiality 0.75
Flowers Foods Q3 sales record $1.158B (+12.7%); adjusted EPS flat at $0.30; FY guidance narrowed
FLOWERS FOODS INC
2022-Q3 EPS reported
$0.84
revenue$3,723,152,000
- Sales $1.158B (+12.7% YoY), a quarter record; volume -5.1% offset by pricing/mix +17.8%.
- Net income $40.5M (+4.3%); adjusted net income $64.6M (-0.4%); diluted EPS $0.19; adjusted EPS $0.30.
- Adjusted EBITDA $120.4M (+1.6%), margin 10.4% (-110 bps).
- Branded retail sales +8.6% to $748.4M; store branded +31.5% to $163.9M.
- FY2022 guidance: sales $4.807-4.850B (prior $4.764-4.850B); adj EPS $1.25-1.30.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
FLOWERS FOODS INC reported the 52-week Fiscal 2022 results: revenue approximately $4.807 billion to $4.850 billion, EPS approximately $1.25 to $1.30. Guidance raised.
- Period
- the 52-week Fiscal 2022
- Revenue
- approximately $4.807 billion to $4.850 billion
- EPS
- approximately $1.25 to $1.30
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
For the 52-week Fiscal 2022, the Company Expects: • Sales in the range of approximately $4.807 billion to $4.850 billion, representing an increase of approximately 11.0% to 12.0% compared to the prior year period. Prior guidance called for sales of $4.764 billion to $4.850 billion, representing an increase of approximately 10% to 12%. • Adjusted EPS(1) in the range of approximately $1.25 to $1.30.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
FLOWERS FOODS INC reported the company’s 12-week third quarter ended October 8, 2022 results: revenue $1.158 billion, net income $40.5 million, EPS $0.19.
- Period
- the company’s 12-week third quarter ended October 8, 2022
- Revenue
- $1.158 billion
- Net income
- $40.5 million
- EPS
- $0.19
- Result
- reported results
Exact text from the filing
Third Quarter Summary: Compared to the prior year third quarter where applicable • Sales increased 12.7% to a quarter-record $1.158 billion. • Net income increased 4.3% to $40.5 million. Adjusted net income decreased 0.4% to $64.6 million. • Adjusted EBITDA(1) increased 1.6% to $120.4 million, representing 10.4% of sales, a 110-basis point decrease. • Diluted EPS increased $0.01 to $0.19. Adjusted diluted EPS(1) was consistent with the prior year period at $0.30.
View on SEC.gov
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