Flowers Foods
Produces packaged bakery foods through national brands and a direct-store-delivery network.
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Profile
Sells breads, buns, rolls, tortillas, and snacks through brands such as Nature’s Own, Dave’s Killer Bread, and Simple Mills. Branded retail supplies most sales, supported by direct-store delivery and warehouse distribution.
Produces breads, buns, rolls, tortillas, and snack items under brands including Nature’s Own, Dave’s Killer Bread, and Simple Mills. Products move through 44 bakeries to supermarkets, drugstores, mass merchandisers, convenience stores, and foodservice customers across the United States.
The portfolio spans mainstream, organic, gluten-free, and better-for-you bakery and snack offerings. Simple Mills broadened it into crackers, cookies, snack bars, and baking mixes; management reports the combined business as one reportable segment.
Distribution depends on direct-store delivery with independent distributors, warehouse delivery, and employee-run service in some markets. California uses an employment distribution model after a phased repurchase of covered distribution rights.
Company facts
Categories
Key statistics
Year to date −34.2% · Average volume (30d) 5.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 24, 2026 | Stephens | Reiterate | Reduce | $11 | $6 |
| Aug 3, 2026 | Jefferies | Target | $7 | ||
| Apr 9, 2026 | BNP Paribas | Reiterate | Underperform | $20 | $8 |
| Feb 18, 2026 | Stephens | Target | $11 | ||
| Feb 17, 2026 | Deutsche Bank | Target | $23 | $11 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 20, 2026Q2 FY26 | $0.22 | $0.21 | −6.5% | $1.23B | $1.19B | −3.0% | −2.11% |
| May 21, 2026Q1 FY26 | $0.27 | $0.29 | +8.2% | $1.58B | $1.57B | −0.5% | +13.27% |
| Feb 12, 2026Q4 FY25 | $0.16 | $0.22 | +37.5% | $1.23B | $1.23B | +0.2% | −8.72% |
| Nov 6, 2025Q3 FY25 | $0.23 | $0.23 | 0.0% | $1.23B | $1.23B | −0.2% | +1.89% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.55B | $1.24B | $1.23B | $1.23B | $1.57B | $1.19B | |
| Gross profit | $775.9M | $606.8M | $587.9M | $559.9M | $776.2M | $577.9M | |
| Operating income | $85.1M | $93.4M | $66.5M | $69.1M | $81.3M | $68.1M | |
| Net income | $53.0M | $58.4M | $39.5M | −$67.1M | $42.1M | $40.7M | |
| Diluted EPS | $0.25 | $0.28 | $0.19 | −$0.32 | $0.20 | $0.19 | |
| Gross margin | 49.9% | 48.8% | 47.9% | 45.4% | 49.4% | 48.4% | |
| Operating margin | 5.5% | 7.5% | 5.4% | 5.6% | 5.2% | 5.7% |
Fiscal years (4-quarter sums)FY21 $4.33B · FY22 $4.81B · FY23 $5.09B · FY24 $5.10B · FY25 $5.26B
Balance sheet, Jul 18, 2026Cash & short-term investments $52.8M · Total debt $2.01B · Total assets $4.19B · Shareholders' equity $1.32B
Dividends
Raised for 23 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 12, 2026 | Jun 12 | Jun 26 | $0.125 | cut from $0.2475 |
| Mar 6, 2026 | Mar 6 | Mar 20 | $0.2475 | |
| Nov 28, 2025 | Nov 28 | Dec 12 | $0.2475 | |
| Sep 5, 2025 | Sep 5 | Sep 19 | $0.2475 | |
| Jun 5, 2025 | Jun 5 | Jun 19 | $0.2475 | raised from $0.24 |
| Feb 28, 2025 | Feb 28 | Mar 14 | $0.24 | |
| Nov 29, 2024 | Nov 29 | Dec 13 | $0.24 | |
| Sep 6, 2024 | Sep 6 | Sep 20 | $0.24 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 211.99M · Float 195.48M · 92.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 34.63M | 16.34% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 13.81M | 6.52% | 13F | Aug 13, 2026 |
| Fuller & Thaler Asset Management, Inc. | 10.98M | 5.18% | 13F | Aug 12, 2026 |
| Vanguard Capital Management LLC | 8.83M | 4.16% | 13F | Aug 13, 2026 |
| State Street Corp | 8.76M | 4.13% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 8, 2026 | Diego Anthony Scaglione | officer: Chief Financial Officer | +5,000 | $7.51 |
| Apr 1, 2026 | Ryals McMullian | director, officer: Chairman and CEO | −209,000 | $8.03 |
| Jan 2, 2026 | Ryals McMullian | director, officer: Chairman and CEO | −209,000 | $10.87 |
| Dec 3, 2025 | Melvin T. Stith | director | +456 | $10.90 |
| Sep 25, 2025 | Ryals McMullian | director, officer: Chairman and CEO | −350,000 | $12.83 |
Peers
- Campbell's
Direct fresh-bakery overlap plus crackers and cookies
- J.M. Smucker
Hostess-led overlap in sweet baked snacks
- Mondelez International
Cracker and cookie overlap with Simple Mills
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Flowers Foods | $7.07 | −0.49% | $1.51B | 27.3 | 11.4 | 0.3 | −4.0% |
| Campbell's | $23.49 | +0.43% | $6.98B | 11.5 | 12.5 | 0.7 | −4.4% |
| J.M. Smucker | $132.34 | −0.00% | $14.14B | 61.8 | 13.0 | 1.5 | +5.0% |
| Mondelez International | $62.76 | +0.66% | $79.59B | 23.0 | 19.3 | 2.0 | +4.1% |
| Median | 23.0 | 13.0 | 1.5 | +4.1% |