8-K
filed February 10, 2023, 6:59 PM ET
ticker FLO
CIK 0001128928
earnings
confidence high
sentiment positive
materiality 0.80
Flowers Foods FY2022 sales up 11% to record $4.806B; guides FY2023 sales $5.176-5.242B
FLOWERS FOODS INC
2022-FY EPS reported
$1.07
revenue$4,805,822,000
- Record FY2022 sales $4.806B (+11% YoY); net income $228.4M (+10.8%).
- Q4 sales $1.083B (+10.1% YoY); diluted EPS $0.23 vs $0.18.
- Adjusted diluted EPS FY2022 $1.27 (+$0.03); FY2023 adjusted EPS guidance $1.20-$1.30.
- FY2023 sales guidance $5.176-5.242B (growth 7.7%-9.1%); adjusted EBITDA $513-543M.
- Acquired Papa Pita Bakery to expand capacity and geographic reach (no terms disclosed).
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 ended December 31, 2022 results: revenue $4.806 billion, net income $228.4 million, EPS $1.07.
- Period
- the 52-week fiscal 2022 ended December 31, 2022
- Revenue
- $4.806 billion
- Net income
- $228.4 million
- EPS
- $1.07
- Result
- reported results
Exact text from the filing
Fiscal 2022 Summary: Compared to the prior year where applicable • Sales increased 11.0% to a record $4.806 billion. • Net income increased 10.8% to $228.4 million. Adjusted net income increased 3.0% to $271.0 million. • Adjusted EBITDA(1) increased 2.3% to $502.0 million, representing 10.4% of sales, a 90-basis point decrease. • Diluted EPS increased $0.10 to $1.07. Adjusted diluted EPS(1) increased $0.03 to $1.27.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
FLOWERS FOODS INC reported the 12-week fourth quarter ended December 31, 2022 results: revenue $1.083 billion, net income $48.6 million, EPS $0.23.
- Period
- the 12-week fourth quarter ended December 31, 2022
- Revenue
- $1.083 billion
- Net income
- $48.6 million
- EPS
- $0.23
- Result
- reported results
Exact text from the filing
Fourth Quarter Summary: Compared to the prior year fourth quarter where applicable • Sales increased 10.1% to a quarter-record $1.083 billion. • Net income increased 23.6% to $48.6 million. Adjusted net income increased 14.9% to $48.1 million. • Adjusted EBITDA(1) increased 8.5% to $96.2 million, representing 8.9% of sales, a 10-basis point decrease. • Diluted EPS increased $0.05 to $0.23. Adjusted diluted EPS(1) increased $0.03 to $0.23.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
FLOWERS FOODS INC reported the 52-week fiscal 2023 results: revenue $5.176 billion to $5.242 billion, EPS $1.20 to $1.30. Guidance initiated.
- Period
- the 52-week fiscal 2023
- Revenue
- $5.176 billion to $5.242 billion
- EPS
- $1.20 to $1.30
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
For the 52-week Fiscal 2023, the Company Expects: • Sales in the range of approximately $5.176 billion to $5.242 billion, representing an increase of approximately 7.7% to 9.1% compared to the prior year period. • Adjusted EBITDA(2) in the range of approximately $513 million to $543 million. • Adjusted EPS(2) in the range of approximately $1.20 to $1.30.
View on SEC.gov
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