Flowers Foods Inc

FLO

Equity

ISIN US3434981011 / Valor 1203558

New York Stock Exchange, Inc (2024-11-21)

USD 22.22+0.54%

Flowers Foods Inc
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About company

Flowers Foods Inc is a leading producer and marketer of packaged bakery foods in the United States, generating significant sales revenue. The company's portfolio of iconic brands plays a key role in driving growth, supported by a strong financial position and consistent capital allocation strategies aimed at maximizing returns for shareholders. With a focus on the bakery segment, Flowers Foods Inc has established itself as a prominent player in the industry, catering to consumer demand for high-quality baked goods.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Growth

Flowers Foods Inc. reported a revenue of $5,091 million for the fiscal year 2023, marking a 5.9% increase compared to the previous year. This growth highlights the company's strong market presence and effective sales strategies.

Gross Margin

The gross margin for Flowers Foods Inc. in 2023 was 48.3%, slightly up from 47.9% in 2022. This improvement indicates better cost management and operational efficiency within the company.

Adjusted Net Income

For the fiscal year 2023, Flowers Foods Inc. reported an adjusted net income of $256 million, which represents 5.0% of sales. This is a decrease from $271 million in 2022, reflecting some challenges in maintaining profitability.

Adjusted EBITDA

Flowers Foods Inc.'s adjusted EBITDA for 2023 remained steady at $502 million, maintaining a margin of 9.9%. This consistency suggests stable operational performance despite market fluctuations.

Dividends

In 2023, Flowers Foods Inc. continued its commitment to returning value to shareholders by paying dividends. The company has been included in the S&P High Yield Dividend Aristocrats Index as of February 1, 2023, underscoring its strong dividend history.

Summarized from source with an LLMView Source

Key figures

6.11%1Y

-17.1%3Y

3.16%5Y

Performance

18.6%1Y

21.6%3Y

23.8%5Y

Volatility