NYSE$FLO

Flowers Foods · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Flowers Foods' Q4 2024 results were reported, featuring a decrease in net sales but increases in net income and adjusted EBITDA.

Flowers Foods reported a decrease in net sales by 1.6% to $1.111 billion in Q4 2024, but net income increased by 20.9% to $43.1 million and adjusted EBITDA increased by 6.3% to $102.4 million. The company's performance was driven by positive pricing/mix offsetting volume declines, moderating ingredient costs, optimization of the non-retail business, and cost savings initiatives.

  • Net sales decreased 1.6% to $1.111 billion due to volume declines offsetting positive pricing/mix.
  • Net income increased 20.9% to $43.1 million, representing 3.9% of sales.
  • Adjusted EBITDA increased 6.3% to $102.4 million, representing 9.2% of net sales.
  • Diluted EPS increased $0.03 to $0.20, and adjusted diluted EPS increased $0.02 to $0.22.

Headline financials

Total Revenue

$1.11B

Previous: $1.13B-1.6%
EPS (adj)

$0.22

Previous: $0.20+10.0%
Capital Expenditures

-$45.5M

Previous: -$32.1M-41.7%
Free Cash Flow

$85M

No prior period
Net Income

$43.1M

Previous: $35.7M+20.9%
Operating Income

$61.4M

Previous: $49.9M+23.0%
Gross Profit

$506M

Previous: $504M+0.3%

Revenue & EPS history

Flowers Foods · Revenue · Quarterly

$1.11B

Q4 2024-1.6%vs Q4 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Flowers Foods · $1.57B total across 2 segments · Q1 2026

  • Branded Retail
    $1.05B
  • Other
    $526M

Forward guidance

For the 53-week Fiscal 2025, the company expects net sales of approximately $5.403 billion to $5.487 billion, adjusted EBITDA in the range of approximately $560 million to $591 million, and adjusted diluted EPS in the range of approximately $1.11 to $1.24.

Tailwinds

  • Net sales of approximately $5.403 billion to $5.487 billion, representing 5.9% to 7.5% growth compared to the prior year.
  • Excluding the Simple Mills acquisition, net sales of approximately $5.180 billion to $5.257 billion, representing 1.5% to 3.0% growth compared to the prior year.
  • Adjusted EBITDA in the range of approximately $560 million to $591 million.
  • Excluding the Simple Mills acquisition, adjusted EBITDA in the range of approximately $526 million to $554 million.
  • Adjusted diluted EPS in the range of approximately $1.11 to $1.24.

Headwinds

  • The partial-year benefit of the Simple Mills acquisition is expected to be ($0.07) to ($0.04) dilutive to adjusted EPS.
  • The outlook for the back half incorporates the lapping of benefits, commodity cost headwinds, and continued challenging category trends.
  • First-half results are expected to benefit from the carryover of new business wins and savings and pricing initiatives, as well as moderating commodity costs.
  • Depreciation and amortization in the range of $175 million to $185 million.
  • Net interest expense of approximately $60 million to $65 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 Q4 2024

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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