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Stock impact report

FLOWERS FOODS, INC. REPORTS THIRD QUARTER 2024 RESULTS

Flowers Foods, Inc. (FLO) 
Last flowers foods, inc. earnings: 2/5 04:50 pm Check Earnings Report
Company Research Source: PR Newswire
THOMASVILLE, Ga., Nov. 8, 2024 /PRNewswire/ -- Flowers Foods, Inc. (NYSE: FLO) today reported financial results for the company's 12-week third quarter ended October 5, 2024.Third Quarter Summary:Compared to the prior year third quarter where applicableNet sales(1) decreased 0.7% to $1.191 billion as positive pricing/mix was more than offset by volume declines.Net income increased $111.7 million to $65.0 million, primarily due to growth in operating income from a decrease in legal settlements and related costs, partially offset by higher net interest expense. Adjusted net income(2) increased 12.4% to $69.3 million.Adjusted EBITDA(2) increased 10.0% to $133.3 million, representing 11.2% of net sales, a 110-basis point increase.Diluted EPS increased $0.53 to $0.31. Adjusted diluted EPS(2) increased $0.04 to $0.33. Chairman and CEO Remarks:"Strong performance by our leading brands and successful execution of our cost initiatives and portfolio strategy drove better-than-expected earnings Show less Read more
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