Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Flowers Foods (FLO)
NYSE:FLO
Holding FLO?
Track your performance easily
Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.21Last Year’s EPS
$0.2Same Quarter Last Year
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: -6.18%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there were significant gains in fresh packaged breads and successful pricing strategies that drove sales growth, the company faced challenges in the sweet baked goods category and away-from-home channels. The operational efficiency improvements and promising new product launches offer a positive outlook for future growth.Company Guidance
During the Flower Foods Third Quarter 2024 Earnings Call, the executives provided guidance emphasizing strong performance despite a challenging environment. The company achieved growth in fresh packaged breads, with units up by 70 basis points and a 20 basis point increase in dollar share, marking the largest share gains in the category. They highlighted the importance of their portfolio strategy, which allowed sales growth through strong pricing initiatives, offsetting volume losses. The executives noted that their cost savings plan and focus on margin improvement in private label and away-from-home businesses are key elements to drive shareholder value and align with long-term financial targets. Additionally, the company expects some of the headwinds, such as category softness and consumer spending pressures, to be temporary, with an optimistic outlook for category normalization in 2025.Strong Performance in Fresh Packaged Breads
Flowers Foods reported growth in both dollars and units in fresh packaged breads, achieving the largest share gains in the category.
Successful Pricing Initiatives
Pricing initiatives in the Other segment more than offset volume losses, leading to sales growth.
Innovative Product Launches
The launch of new products like Dave's Snack Bites and a new line under the Wonder brand have shown promising retailer acceptance and are expected to drive future growth.
Operational Efficiency Improvements
Operational Equipment Effectiveness (OEE) improved to approximately 70%-71% from mid-60s, contributing positively to the bottom line.
---
FLO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
FLO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $21.80 | $21.21 | -2.71% |
| Aug 16, 2024 | $22.19 | $22.24 | +0.23% |
| May 16, 2024 | $24.71 | $23.70 | -4.09% |
| Feb 08, 2024 | $22.44 | $21.29 | -5.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Flowers Foods (FLO) report earnings?
Flowers Foods (FLO) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Flowers Foods (FLO) earnings time?
Flowers Foods (FLO) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FLO EPS forecast?
FLO EPS forecast for the fiscal quarter 2024 (Q4) is $0.21.
---