Flowers Foods faced weaker category performance and reduced volumes in Q1 2025, leading to declines in sales and net income, though adjusted EBITDA improved slightly. The acquisition of Simple Mills added revenue but also contributed a net loss.
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.
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.
Flowers Foods reported a slight decrease in sales by 0.2% to $1.225 billion, but net income increased by 5.0% to $67.0 million and adjusted EBITDA increased by 7.8% to $143.5 million. The company maintains its 2024 financial outlook, expecting benefits from new business wins and additional cost savings.
Flowers Foods reported a 2.8% increase in sales, reaching a first-quarter record of $1.577 billion. Net income increased by 3.3% to $73.0 million, primarily due to moderating input costs and price increases.
Flowers Foods reported a 4.3% increase in sales, reaching a fourth-quarter record of $1.129 billion. Net income decreased by 26.6% to $35.7 million, while adjusted net income decreased by 11.2% to $42.7 million. Diluted EPS decreased to $0.17, and adjusted diluted EPS decreased to $0.20.
Flowers Foods reported a 3.5% increase in sales to a record $1.199 billion for the third quarter of 2023. However, the company experienced a net loss of $46.7 million due to increased legal settlement expenses, despite an increase in adjusted EBITDA by 0.6% to $121.2 million.
Flowers Foods reported an 8.8% increase in sales, reaching a second-quarter record of $1.228 billion. Net income increased by 18.8% to $63.8 million, with diluted EPS increasing to $0.30. The company is adjusting its fiscal 2023 guidance to reflect this strong performance.
Flowers Foods reported a 6.9% increase in sales, reaching a quarter-record of $1.534 billion, driven by price increases to offset inflationary pressures; however, net income decreased by 17.4% to $70.7 million, and diluted EPS decreased to $0.33.
Flowers Foods reported a 10.1% increase in sales, reaching a quarter-record of $1.083 billion, and a 23.6% increase in net income to $48.6 million for the fourth quarter of 2022. The company is investing in continued growth for this year and beyond.
Flowers Foods reported a 12.7% increase in sales, reaching a quarter-record of $1.158 billion. Net income also increased by 4.3% to $40.5 million. The company's performance was driven by strong results from its number one brands and successful initiatives to mitigate inflationary impacts.
Flowers Foods reported an 11.0% increase in sales to $1.129 billion for the second quarter of 2022. Net income decreased by 4.8% to $53.7 million, while adjusted diluted EPS decreased to $0.31. The company is increasing the bottom of its earnings outlook range for the fiscal year.
Flowers Foods reported a 3.9% increase in sales, reaching $1.028 billion, and a net income of $38.9 million. The company raised its 2021 sales and earnings guidance due to strong year-to-date performance.
Flowers Foods reported a decrease in sales by 0.8% to $1.017 billion, and a decrease in net income by 2.7% to $56.4 million, compared to the prior year second quarter. The diluted EPS decreased $0.01 to $0.26.
Flowers Foods reported a decrease in sales by 3.5% to $1.302 billion compared to the prior year, which was impacted by the pandemic. Net income increased significantly to $71.7 million due to a prior year charge related to pension plan termination. Adjusted diluted EPS was $0.41, consistent with the prior year.
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.
Flowers Foods reported a 2.4% increase in sales to $989.7 million and a 2.3% increase in net income to $44.3 million for the third quarter of 2020. The company benefited from increased in-home eating and executed its portfolio strategy and supply chain optimization initiatives.
Flowers Foods reported a strong second quarter with a 5.1% increase in sales to $1.026 billion and an increase in diluted EPS to $0.27. The company benefited from a mix shift to branded retail products and is focused on portfolio and supply chain optimization to drive future growth.
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.
Flowers Foods reported a 4.2% increase in sales to $917.8 million for the fourth quarter. Diluted EPS decreased to $0.01, while adjusted diluted EPS increased to $0.18. The company saw growth from key brands and made progress in portfolio and supply chain optimization.