NYSE$FLO
Flowers Foods · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Flowers Foods reported a record quarter in terms of sales and earnings, driven by increased retail demand amidst the COVID-19 pandemic.
Flowers Foods reported a 6.8% increase in sales to $1.349 billion for the first quarter of 2020. Diluted EPS resulted in a loss of $0.03, while adjusted diluted EPS increased to $0.41. The company's retail business benefited from increased demand, while the foodservice sector was pressured by restaurant sales slowdown.
- Sales increased by 6.8% to $1.349 billion, including a COVID-19 impact of 6.5% to 7.5%.
- Diluted EPS decreased to a loss of $0.03, impacted by a $0.41 per share charge related to pension plan termination.
- Adjusted diluted EPS increased by $0.09 to $0.41, with a $0.09 to $0.10 increase attributable to COVID-19.
- Branded retail sales increased by 17.7%, while non-retail and other sales decreased by 15.0%.
Headline financials
Revenue & EPS history
Flowers Foods · Revenue · Quarterly
$1.35B
Revenue by segment
Flowers Foods · $891M total across 1 segment · Q1 2020
- Branded Retail$891M+17.7%100.0%
Forward guidance
For the 53-week Fiscal 2020, the Company Expects: Sales in the range of approximately $4.206 billion to $4.289 billion, representing growth of approximately 2.0% to 4.0%. Diluted EPS in the range of approximately $0.57 to $0.65, including a $0.41 per share charge related to the termination of a defined benefit pension plan. Adjusted diluted EPS in the range of approximately $1.00 to $1.08, adjusted for items affecting comparability, representing growth of approximately 4.2% to 12.5%.
Tailwinds
- Sales in the range of approximately $4.206 billion to $4.289 billion, representing growth of approximately 2.0% to 4.0%.
- Adjusted diluted EPS in the range of approximately $1.00 to $1.08, adjusted for items affecting comparability, representing growth of approximately 4.2% to 12.5%.
- Portfolio and supply chain optimization benefit of $10 million to $20 million
- Depreciation and amortization in the range of $140 million to $145 million
- Net interest expense in the range of $8 million to $10 million
Headwinds
- Diluted EPS in the range of approximately $0.57 to $0.65, including a $0.41 per share charge related to the termination of a defined benefit pension plan.
- Other pension expense of approximately $2 million
- An effective tax rate of approximately 24%
- Weighted average diluted share count for the year of approximately 212.5 million shares
- Capital expenditures for the year in the range of $95 million to $105 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2020
-1.7%
Avg return
Earnings day
-0.8%
Avg return
5 days after
-1.7%
Avg return
30 days after
40%
26 / 65 earnings
Positive
+10.8%
Q4 2014
Best reaction
-17.5%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.5% | +11.7% | +11.3% | |
| Q4 2025 | -8.7% | -12.9% | -22.6% | |
| Q3 2025 | +1.9% | -1.2% | -7.5% | |
| Q2 2025 | -5.3% | -5.2% | -17.1% | |
| Q1 2025 | +1.5% | -3.3% | -6.4% | |
| Q4 2024 | -1.3% | -4.8% | +0.3% | |
| Q3 2024 | -2.1% | -1.8% | -0.4% | |
| Q2 2024 | +1.5% | +1.8% | +2.3% | |
| Q1 2024 | -4.2% | -4.9% | -12.5% | |
| Q4 2023 | -4.2% | -4.3% | -0.9% | |
| Q3 2023 | -6.9% | -4.7% | -2.0% | |
| Q2 2023 | +3.9% | +0.5% | -7.2% | |
| Q1 2023 | -9.2% | -9.1% | -12.9% | |
| Q4 2022 | +0.2% | +0.4% | -0.9% | |
| Q3 2022 | -5.4% | -0.6% | +1.6% | |
| Q2 2022 | -0.2% | +1.6% | -3.2% | |
| Q1 2022 | +4.5% | +5.0% | -2.8% | |
| Q4 2021 | -1.2% | -0.5% | -13.9% | |
| Q3 2021 | +2.3% | +5.3% | +1.7% | |
| Q2 2021 | +5.7% | +9.3% | +2.3% | |
| Q1 2021 | -2.1% | -2.3% | -3.8% | |
| Q4 2020 | -0.1% | -1.5% | +3.0% | |
| Q3 2020 | -2.4% | -6.9% | -7.2% | |
| Q2 2020 | +2.3% | +4.4% | +3.4% | |
| Q1 2020 | +1.6% | +3.3% | -1.0% | |
| Q4 2019 | +0.4% | +2.8% | +7.8% | |
| Q3 2019 | -1.1% | +0.0% | +3.6% | |
| Q2 2019 | -4.7% | -7.0% | -5.5% | |
| Q1 2019 | +7.1% | +7.8% | +9.6% | |
| Q4 2018 | +1.5% | +0.6% | +1.6% | |
| Q3 2018 | -1.1% | +5.5% | +0.8% | |
| Q2 2018 | -6.0% | -6.1% | -1.5% | |
| Q1 2018 | -10.2% | -10.9% | -5.6% | |
| Q4 2017 | +5.6% | +7.9% | +13.4% | |
| Q3 2017 | +2.6% | +5.6% | +13.2% | |
| Q2 2017 | +0.0% | +3.5% | +2.0% | |
| Q1 2017 | -6.6% | -5.0% | -9.9% | |
| Q4 2016 | -8.3% | -5.5% | -5.5% | |
| Q3 2016 | -0.5% | +3.5% | +23.3% | |
| Q2 2016 | -15.8% | -14.0% | -17.7% | |
| Q1 2016 | +1.5% | — | — | |
| Q4 2015 | -17.5% | — | — | |
| Q3 2015 | -12.8% | — | — | |
| Q2 2015 | +6.4% | — | — | |
| Q1 2015 | -2.7% | — | — | |
| Q4 2014 | +10.8% | — | — | |
| Q3 2014 | -2.2% | — | — | |
| Q2 2014 | -3.6% | — | — | |
| Q1 2014 | +3.0% | — | — | |
| Q4 2013 | -4.5% | — | — | |
| Q3 2013 | -8.9% | — | — | |
| Q2 2013 | -3.1% | — | — | |
| Q1 2013 | -2.0% | — | — | |
| Q4 2012 | +1.1% | — | — | |
| Q3 2012 | -1.5% | — | — | |
| Q2 2012 | -4.0% | — | — | |
| Q1 2012 | +6.7% | — | — | |
| Q4 2009 | +1.5% | — | — | |
| Q3 2011 | +0.7% | — | — | |
| Q2 2011 | -11.7% | — | — | |
| Q1 2011 | -0.4% | — | — | |
| Q3 2010 | +0.7% | — | — | |
| Q2 2010 | +0.2% | — | — | |
| Q4 2010 | +0.2% | — | — | |
| Q1 2010 | -0.1% | — | — |
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