earnings
confidence high
sentiment negative
materiality 0.80
Flowers Foods Q1 net income down 20.6%, resets dividend to $0.50 annual; reaffirms FY guidance
FLOWERS FOODS INC
2026-Q1 EPS
reported $0.20
vs consensus $0.27
▼ miss
(-25.2%)
- Net sales up 1.1% to $1.572B, but net income fell 20.6% to $42.1M; adjusted diluted EPS $0.29 vs $0.35 YoY.
- Dividend reset to $0.125 quarterly ($0.50 annual), down from prior rate; payable June 26 to holders of record June 12.
- Branded Retail sales +3.4% to $1.045B; Other sales -3.1% to $526.2M as volume declined 3.3% overall.
- Adjusted EBITDA decreased 1.8% to $159.0M, representing 10.1% of sales; reaffirmed FY2026 EBITDA and EPS guidance.
- Operating cash flow $107.9M, down $27.8M; CEO cites challenging consumer environment and higher interest expense.