Overview
Flowers Foods Q3 net sales rise 3% to $1.227 bln, meeting analyst expectations
Adjusted EPS for Q3 meets analyst expectations at $0.23
Net income for Q3 falls 39.2% due to higher interest expenses
Outlook
Company forecasts 2025 adjusted EBITDA of $515 mln to $532 mln
Flowers Foods anticipates 2025 adjusted EPS of $1.02 to $1.08
Result Drivers
SIMPLE MILLS ACQUISITION - Contributed $70.7 mln to net sales, offsetting pricing/mix and volume declines
CHALLENGING ENVIRONMENT - Higher interest expense and consumer challenges led to a 39.2% decrease in net income
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Meet
$1.23 bln
$1.23 bln (8 Analysts)
Q3 Adjusted EPS
Meet
$0.23
$0.23 (6 Analysts)
Q3 EPS
$0.19
Q3 Adjusted Net Income
$48.70 mln
Q3 Net Income
$39.50 mln
Q3 Adjusted EBITDA
$118.10 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy."
Wall Street's median 12-month price target for Flowers Foods Inc is $15.00, about 19.3% above its November 5 closing price of $12.10
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 14 three months ago
Press Release: ID:nPnc91DCa
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)