NYSE$FLO
Flowers Foods · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Flowers Foods' Q3 2024 results reflected a decrease in net sales offset by an increase in net income and adjusted EBITDA.
Flowers Foods reported a slight decrease in net sales by 0.7% to $1.191 billion, driven by volume declines that were partially offset by positive pricing/mix. However, the company experienced a significant increase in net income to $65.0 million, primarily due to a decrease in legal settlements and related costs. Adjusted EBITDA also increased by 10.0% to $133.3 million, representing 11.2% of net sales.
- Net sales decreased by 0.7% to $1.191 billion due to volume declines.
- Net income increased significantly to $65.0 million due to lower legal costs.
- Adjusted EBITDA increased by 10.0% to $133.3 million, representing 11.2% of net sales.
- Diluted EPS increased to $0.31, and adjusted diluted EPS increased to $0.33.
Headline financials
Revenue & EPS history
Flowers Foods · Revenue · Quarterly
$1.19B
Revenue by segment
Flowers Foods · $1.57B total across 2 segments · Q1 2026
- Branded Retail$1.05B—66.5%
- Other$526M—33.5%
Forward guidance
Flowers Foods narrowed its 2024 financial outlook, expecting net sales between $5.116 billion and $5.147 billion, adjusted EBITDA between $530 million and $542 million, and adjusted diluted EPS between $1.24 and $1.28.
Tailwinds
- Strong relative performance in the branded retail bread category.
- Continued benefits from new business wins.
- Efficiency initiatives are expected to contribute positively.
- Depreciation and amortization in the range of $155 million to $160 million.
- Capital expenditures in the range of $130 million to $140 million.
Headwinds
- Headwinds from consumer and promotional behavior.
- Net interest expense of approximately $20 million to $24 million.
- An effective tax rate of approximately 25%.
- Weighted average diluted share count for the year of approximately 212.5 million shares.
- Unspecified amounts that would be required to be included in the GAAP measure without unreasonable efforts.
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 Q3 2024
-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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