NYSE$FLO
Flowers Foods · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Flowers Foods reported Q4 2020 results with increased sales and net income.
Flowers Foods reported an 11.5% increase in sales to $1.023 billion and a significant increase in net income to $55.8 million for the fourth quarter of 2020. The company's performance was driven by a positive mix shift towards branded retail products and the contribution of an additional week in the fiscal calendar.
- Sales increased by 11.5% to $1.023 billion, with an 8.2% contribution from the additional week.
- Net income rose to $55.8 million, a $53.6 million increase from the prior year.
- Adjusted net income increased by 55.3% to $59.1 million.
- Adjusted EBITDA increased by 34.3% to $113.5 million, representing 11.1% of sales.
Headline financials
Revenue & EPS history
Flowers Foods · Revenue · Quarterly
$1.02B
Revenue by segment
Flowers Foods · $676M total across 1 segment · Q4 2020
- Branded Retail$676M+22.5%100.0%
Forward guidance
For the 52-week Fiscal 2021, the company expects sales in the range of approximately $4.212 billion to $4.300 billion, representing a change of approximately -4.0% to -2.0%. Diluted EPS is expected to be in the range of approximately $1.07 to $1.17.
Tailwinds
- Benefits from brand investments
- Continued savings from portfolio optimization
- Continued savings from operational efficiencies
- Depreciation and amortization in the range of $133 million to $138 million
- Net interest expense of approximately $12 million
Headwinds
- Expectation of some mix reversion during the year as the impact of the pandemic dissipates
- Potential for a higher promotional environment
- Back-half commodity headwinds
- Investment to implement our digital initiative
- An effective tax rate of approximately 24.0% to 24.5%
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 Q4 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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro