Flowers Foods Today FLO Flowers Foods $23.08 -0.06 (-0.26%) 52-Week Range $19.64 ▼ $26.12 Dividend Yield 4.16% P/E Ratio 39.12 Price Target $22.75 Add to Watchlist Packaged bakery goods maker Flowers Foods Inc. NYSE: FLO reported mixed results for the second quarter as revenue fell by under 1% to $1.2 billion, failing to meet analyst predictions, and adjusted diluted earnings per share of 36 cents beat consensus estimates by 3 cents. The company's move in recent months to highlight its branded products in t ...

Core Viewpoint - Flowers Foods (FLO) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the importance of changing earnings estimates in determining stock price movements, with a strong correlation between earnings estimate revisions and near-term stock performance [4][6]. - For the fiscal year ending December 2024, Flowers Foods is expected to earn $1.25 per share, reflecting a 4.2% increase from the previous year, with a 0.6% rise in the Zacks Consensus Estimate over the past three months [8]. Investment Implications - The upgrade indicates a positive outlook for Flowers Foods' earnings, which could lead to increased buying pressure and a rise in stock price [3][5]. - The Zacks Rank system, which categorizes stocks based on earnings estimates, has a proven track record, with Zacks Rank 1 stocks averaging a +25% annual return since 1988, suggesting that Flowers Foods' upgrade positions it for potential market-beating returns [7][10].

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Flowers Foods, Inc. (FLO) reported mixed second-quarter fiscal 2024 results, with the top line missing the Zacks Consensus Estimate and declining year over year. The bottom line surpassed the consensus mark and increased from the year-ago quarter's reported level. Results gained from the successful execution of the company's strategic plan. FLO's brands exceeded performance expectations in the fresh packaged bread category, showing growth in tracked channels and achieving significant gains in unit and dolla ...

Financial Data and Key Metrics Changes - The company reported solid top and bottom line results for the quarter, with leading brands outperforming the category and gaining market share [3][4] - Cost structure improvements from savings initiatives significantly boosted margins compared to the first quarter [3] Business Line Data and Key Metrics Changes - Branded retail volumes were positive, particularly in the branded bread segment, although the cake business experienced weakness [13][14] - The food service segment faced challenges due to weakness in quick service restaurants (QSR), impacting overall food service volumes [13][14] Market Data and Key Metrics Changes - The company noted a shift in consumer behavior towards seeking value, with increased promotional activity observed [8][9] - The retail business is expected to benefit from the challenges faced by the QSR segment, providing a tailwind for branded retail [12] Company Strategy and Development Direction - The company is focused on enhancing brand differentiation and aligning its portfolio with consumer preferences [4] - There is an emphasis on expanding into underpenetrated markets, particularly in the Northeast and Upper Midwest, where significant growth potential exists [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering results in line with annual guidance, despite the inflationary environment [4] - The company is monitoring promotional risks and consumer behavior closely, indicating a cautious outlook for the remainder of the year [8][9] Other Important Information - The company is actively pursuing M&A opportunities and is prepared to act when the right opportunity arises [26][27] - There is a plan to resume bakery rollouts by late this year or early next year, contingent on the California distribution transition [31] Q&A Session Summary Question: Impact of promotional environment on market share - Management acknowledged the potential for increased promotional activity as competitors notice their market share gains, but noted that current promotional levels remain below pre-pandemic levels [8][9] Question: Volume outlook considering business exits and QSR pressure - Management indicated that positive volumes in Q4 are a reasonable assumption, especially with new business coming on board and the roll-off of strategic exits [18] Question: Distribution and performance of new product lines - Management reported strong performance in the DKB and Canyon brands, with ongoing improvements in shelf presence for new products [15][16] Question: Margin outlook and ingredient costs - Management expects continued margin improvement for the year, with moderating ingredient and packaging costs contributing positively [25] Question: M&A pipeline and strategy - Management confirmed readiness for M&A when the right opportunities arise, emphasizing proactive engagement in the market [26][27] Question: Price versus volume outlook in branded retail - Management noted that while pricing has been stable, volume growth is expected to be a key driver moving forward [29][30] Question: Resumption of bakery rollout - Management plans to resume bakery rollouts by Q1 of next year, aiming to stay on original targets despite current challenges [31]

Flowers Foods (FLO) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this bakery goods company would post earnings of $0.40 per share when it actually produced earnings of $0.38, delivering a surprise of -5%. Over the last four quarters, the ...

ying wers SECOND QUARTER 2024 REVIEW August 16, 2024 REGARDING FORWARD-LOOKING STATEMENTS Statements contained in this presentation and certain other written or oral statements made from time to time by Flowers Foods, Inc. (the "company", "Flowers Foods", "Flowers", "us", "we", or "our") and its representatives that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to current expectations regarding ou ...

Exhibit 99.1 Company Press Release August 16, 2024 Flowers Foods (NYSE: FLO) FLOWERS FOODS, INC. REPORTS SECOND QUARTER 2024 RESULTS THOMASVILLE, Ga. – Flowers Foods, Inc. (NYSE: FLO) today reported financial results for the company's 12-week second quarter ended July 13, 2024. Second Quarter Summary: Compared to the prior year second quarter where applicable • Sales decreased 0.2% to $1.225 billion as positive pricing/mix was more than offset by volume declines, primarily due to business exits. • Net incom ...

Flowers Foods, Inc. (FLO) is likely to see top-line growth when it reports second-quarter 2024 earnings on Aug 16. The consensus mark for quarterly revenues is pegged at $1.24 billion, which indicates growth of 1.3% from the prior-year quarter's reported figure. The Zacks Consensus Estimate for quarterly earnings has remained unchanged in the past 30 days at 33 cents per share, which is in line with the figure reported in the year-ago period. FLO has a trailing four-quarter earnings surprise of 4.1%, on ave ...

The market expects Flowers Foods (FLO) to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be ...