FLOWERS FOODS INC FLO

Consumer staples SIC 2000 - Food and Kindred Products NAICS Manufacturing › Food Manufacturing derived NYSE

Flowers Foods, Inc. (which we reference to herein as "we," "our," "us," the "company," "Flowers" or "Flowers Foods"), founded in 1919 as a Georgia corporation and headquartered in Thomasville, Georgia, is currently the second-largest producer and marketer of packaged bakery foods in the United States ("U.S."). Our principal products include breads, buns, rolls, snack items (bars, cakes, cookies, and crackers), bagels, English muffins, tortillas, and baking mixes and are sold under a variety of brand names, including Nature's Own, Dave's Killer Bread ("DKB"), Canyon Bakehouse, Simple Mills, Wonder, and Tastykake. Our brands are among the best known in the U.S. baking industry. Many of our brands have a major presence in the product categories in which they compete.

Last close 6.15 2026-10-23
Market cap $1.30B 2026-07-18 share count
52-week range 5.40 - 12.79

Valuation FY2025 figures against the last close

P/S0.2x
P/E15.4x
P/FCF4.1x
EV/EBITDA8.9x
Dividend yield16.0%
Diluted EPS0.40

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $5.26B$5.10B$5.09B$4.81B$4.33B$4.39B$4.12B$3.95B$3.92B$3.93B
R&D $9.3K$5.1M$5.9M$6.1M$5.6M$4.0M$4.3M$4.9M$2.4M$3.0M
SG&A $2.08B$2.00B$2.12B$1.85B$1.72B$1.69B$1.58B$1.51B$1.51B$1.47B
Operating income $174.0M$348.3M$172.9M$303.2M$294.9M$321.5M$225.4M$212.3M$161.0M$264.9M
Interest expense $76.7M$37.1M$36.6M$28.9M$31.5M$38.8M$38.8M$35.7M$36.6M$34.9M
Pre-tax income $115.1M$328.9M$157.1M$298.7M$270.8M$200.7M$212.1M$197.2M$149.3M$249.5M
Income tax $31.2M$80.8M$33.7M$70.3M$64.6M$48.4M$47.5M$40.0M$827.0K$85.8M
Net income $83.8M$248.1M$123.4M$228.4M$206.2M$152.3M$164.5M$157.2M$150.1M$163.8M
EPS, basic 0.401.180.581.080.970.720.780.740.720.79
EPS, diluted 0.401.170.581.070.970.720.780.740.710.78
Shares, diluted (wtd. avg.) 212.1M212.1M213.4M213.2M213.0M212.3M212.0M211.6M210.4M210.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $12.1M$5.0M$22.5M$165.1M$185.9M$307.5M$11.0M$25.3M$5.1M$6.4M
Inventory $201.7M$171.9M$184.5M$168.7M$135.0M$125.2M$127.1M$122.6M$111.0M$110.9M
Total current assets $729.1M$656.4M$687.7M$804.9M$746.1M$838.2M$553.9M$543.7M$507.2M$476.8M
Property, plant and equipment $952.7M$964.3M$963.0M$849.3M$798.7M$699.4M$717.8M$743.8M$732.0M$781.0M
Goodwill $1.05B$679.9M$677.8M$545.2M$545.2M$545.2M$545.2M$545.4M$464.8M$801.0K
Other intangibles $137.0K$314.0K$657.7M$664.4M$695.4M$568.3M$750.2M$794.9M$742.4M$836.0M
Total assets $4.18B$3.40B$3.43B$3.31B$3.25B$3.32B$3.18B$2.85B$2.66B$2.76B
Accounts payable $312.7M$260.7M$318.6M$343.4M$268.5M$225.9M$233.0M$242.1M$181.4M$173.1M
Short-term debt $399.6M—————$3.7M$5.0M——
Total current liabilities $976.2M$548.6M$659.2M$564.4M$519.9M$504.1M$528.1M$400.3M$394.0M$340.6M
Long-term debt $1.36B$1.02B$1.05B$891.8M$890.6M$960.1M$862.8M$974.6M$805.1M$808.7M
Retained earnings $852.1M$977.6M$932.5M$1.00B$962.4M$932.1M$947.0M$945.4M$919.7M$910.5M
Total equity $1.30B$1.41B$1.35B$1.44B$1.41B$1.37B$1.26B$1.26B$1.25B$1.21B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $446.2M$412.7M$349.4M$360.9M$344.6M$454.5M$367.0M$295.9M$297.4M$356.6M
Depreciation and amortisation $167.4M$159.2M$151.7M$142.0M$136.6M$141.4M$144.2M$144.1M$146.7M$140.9M
Stock-based compensation $32.3M$29.7M$26.9M$25.8M$21.3M$12.9M$7.4M$8.1M$16.1M$18.8M
Capital expenditure $127.1M$132.1M$129.1M$169.1M$136.0M$97.9M$103.7M$99.4M$75.2M$101.7M
Investing cash flow -$943.2M-$172.7M-$403.8M-$151.1M-$191.4M-$74.0M-$97.1M-$301.8M-$35.4M-$76.7M
Financing cash flow $504.0M-$257.5M-$88.1M-$222.2M-$274.8M-$84.0M-$284.1M$26.1M-$263.3M-$287.8M
Dividends paid $209.3M$203.0M$195.2M$186.5M$175.9M$167.3M$160.0M$150.2M$141.0M$131.1M
Buybacks $5.5M$22.7M$45.8M$34.6M$9.5M$783.0K$7.1M$2.5M$2.7M$126.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-043025.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 3.9B Net income, FY2016: 163.8M Revenue, FY2017: 3.9B Net income, FY2017: 150.1M Revenue, FY2018: 4B Net income, FY2018: 157.2M Revenue, FY2019: 4.1B Net income, FY2019: 164.5M Revenue, FY2020: 4.4B Net income, FY2020: 152.3M Revenue, FY2021: 4.3B Net income, FY2021: 206.2M Revenue, FY2022: 4.8B Net income, FY2022: 228.4M Revenue, FY2023: 5.1B Net income, FY2023: 123.4M Revenue, FY2024: 5.1B Net income, FY2024: 248.1M Revenue, FY2025: 5.3B Net income, FY2025: 83.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.93B $3.92B $3.95B $4.12B $4.39B $4.33B $4.81B $5.09B $5.10B $5.26B
Gross profit — — — — — — — — — —
Net income $163.8M $150.1M $157.2M $164.5M $152.3M $206.2M $228.4M $123.4M $248.1M $83.8M

Recent filings and events

  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Officer or director change Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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