Flowers Foods, Inc. is a publicly traded U.S. consumer defensive company whose principal business is the manufacture, marketing, and distribution of packaged bakery products. The company traces its history to 1919, when the Flowers family opened its first bakery in Thomasville, Georgia, which remains the corporate headquarters. Flowers Foods is ...Flowers Foods, Inc. is a publicly traded U.S. consumer defensive company whose principal business is the manufacture, marketing, and distribution of packaged bakery products. The company traces its history to 1919, when the Flowers family opened its first bakery in Thomasville, Georgia, which remains the corporate headquarters. Flowers Foods is described as the second-largest producer and marketer of packaged bakery foods in the United States, with reported 2025 sales of approximately $5.3 billion. Its shares trade on the New York Stock Exchange under the symbol FLO.
The company’s portfolio spans everyday staple products and differentiated or indulgent categories. Core products include sliced breads, buns, rolls, snack cakes, sweet baked goods, tortillas, and frozen breads and rolls. Important brands include Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshley’s, and Tastykake. These brands address multiple consumer segments, including mainstream packaged bread, premium and better-for-you products, gluten-free offerings, snack cakes, and convenience-oriented bakery items. Flowers also develops new products and extends flavors and product lines to maintain shelf presence and respond to changing consumer preferences.
Flowers operates a substantial manufacturing and logistics network. The supplied company information identifies 46 bakeries, including 44 owned facilities and two leased facilities. Its distribution model combines direct-store delivery, in which products are delivered directly to retail locations and merchandising is supported in stores, with warehouse-based distribution. This hybrid approach allows Flowers to serve large merchandisers, supermarkets, convenience stores, dollar stores, vending operators, restaurants, quick-service chains, in-store bakeries, foodservice distributors, wholesalers, and institutional customers.
The company’s cost structure is typical of large-scale food manufacturing. Major cost drivers include flour, sweeteners, oils, yeast, packaging materials, energy, transportation, labor, plant maintenance, marketing, and retailer-related distribution expenses. Specific bill-of-materials costs by product are not publicly provided in the supplied information. Profitability can therefore be affected by commodity inflation, wage pressure, fuel costs, packaging prices, capacity utilization, promotional spending, and the company’s ability to pass higher costs through to customers.
The supplied trailing information indicates approximately 10,324 employees, substantial sales scale, and a capital structure that includes meaningful debt. Reported trailing metrics include an enterprise value of approximately $3.62 billion, an EBITDA multiple of about 10.3 times, and a dividend yield of roughly 11.7 percent based on the provided market snapshot; these figures are time-sensitive and should not be treated as permanent valuations. The company’s stated strategic priorities generally center on brand investment, innovation, manufacturing and distribution efficiency, portfolio growth, and disciplined execution. Ryals McMullian has served as chief executive officer since 2019 and became chairman in 2023. Flowers Foods’ ongoing objectives are to protect its leading brands, expand attractive bakery categories, improve productivity, manage input-cost volatility, and generate sustainable returns for shareholders while continuing to serve a broad U.S. customer base.
Plutux no es un asesor de inversiones. Los datos de mercado y el análisis generado por IA son solo informativos y educativos, no asesoramiento de inversión. Aviso legal
InteranualYoY significa Year-over-Year (interanual). Compara el último valor anual con el valor anual anterior para mostrar la fortaleza de la tendencia a largo plazo.
TrimestralQoQ significa Quarter-over-Quarter (intertrimestral). Compara el último trimestre con el trimestre inmediatamente anterior para mostrar cambios de impulso a corto plazo.
IngresosEl dinero total que entró por la puerta principal al vender cosas, antes de pagar una sola factura. Piensa en esto como el gran total de cada compra con tarjeta de los clientes. (YoY compara el rendimiento de este año con el del año pasado, mientras que QoQ compara los tres meses actuales con los tres anteriores).
$5.3B
+3.0%
-24.1%
Beneficio netoEl resultado final absoluto. Si la empresa pagara a cada proveedor, empleado, banquero y recaudador de impuestos, este es el dinero real que queda en su bolsillo al final del día.
$83.8M
-66.2%
-3.3%
Margen brutoEl margen básico. Si venden unas zapatillas de 100 dólares, este porcentaje indica cuánto de ese precio es ganancia justo después de pagar el caucho y los cordones, pero antes de pagar el alquiler de la tienda o los anuncios de televisión.
+48.9%
-1.3%
-1.9%
Margen operativoLa puntuación de eficiencia del 'trabajo diario'. De cada dólar que gasta un cliente, esto muestra cuántos centavos mantiene la empresa después de fabricar el producto Y pagar todos los gastos generales corporativos (como salarios, marketing y mantener las luces encendidas).
+6.2%
-9.1%
+10.3%
Margen netoEl porcentaje final que se lleva a casa. Cuando se eliminan todos los costos concebibles, impuestos y pagos de intereses, este es el número exacto de centavos que la empresa realmente se queda de cada dólar en ventas.
+1.6%
-67.2%
+27.4%
Flujo de caja libreEl santo grial del efectivo corporativo. Es el dinero físico gastable que queda después de que el negocio paga sus operaciones diarias Y compra las actualizaciones grandes y costosas (como nuevas fábricas o servidores) que necesita para sobrevivir. Este es el dinero 'libre' que pueden usar para pagar dividendos o recomprar acciones.
$319.1M
+13.7%
+25.6%
Margen FCFLa tasa definitiva de conversión de efectivo. Muestra qué tan buena es la empresa para convertir ventas regulares directamente en efectivo frío, duro y gastable. Un porcentaje alto significa que el negocio es una auténtica máquina de imprimir dinero.
+6.1%
+10.4%
+65.4%
Deuda/PatrimonioEl indicador de riesgo financiero. Compara cuánto del imperio de la empresa se construyó con dinero prestado (préstamos) frente al dinero propio de los propietarios (accionistas). Un número alto significa que están muy apalancados y juegan un juego más arriesgado; un número bajo significa que juegan a lo seguro.
159.9%
+65.9%
-3.6%
Ratio corrienteLa verificación de supervivencia de 12 meses. Simplemente compara el efectivo que tienen ahora mismo (más cosas que pueden convertirse rápidamente en efectivo) con las facturas inmediatas que absolutamente deben pagar este año. Una puntuación superior a 1 significa que tienen suficiente en la billetera para cubrir las próximas facturas sin entrar en pánico.
0.75x
-37.6%
+0.2%
Activos totalesEl tamaño absoluto del imperio de la empresa. Agrupa absolutamente todo lo valioso que poseen, desde el efectivo en la caja registradora y el inventario en el almacén, hasta las patentes de software en la bóveda y las fábricas en el suelo.
Operator: Good day, and thank you for standing by. Welcome to the Flowers Foods Second Quarter 2026 Results Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, J.T. Rieck, Executive Vice President of Finance and Investor Relations. Please go ahead.
J. Rieck: Good morning. I hope everyone had the opportunity to review our earnings release, listen to our prepared remarks and view the slide presentation that were all posted earlier on our Investor Relations website. After today's Q&A session, we will also post an audio replay of this call. Please note that in this Q&A session, we may make forward-looking statements about the company's performance. Although we believe these statements to be reasonable, they are subject to risks and uncertainties that could cause actual results to differ materially. In addition to what you hear in these remarks, important factors relating to Flowers Foods business are fully detailed in our SEC filings. We also provide non-GAAP financial measures for which disclosure and reconciliations are provided in the earnings release and at the end of the slide presentation on our website. Joining me today are Ryals McMullian, Chairman and CEO; and Anthony Scaglione, our CFO. Ryals, I'll turn it over to you.
A. McMullian: Okay. Good morning, everybody. As noted in our prepared remarks, our second quarter results did not meet our expectations. The fresh packaged bread category remained challenging, reflecting pressure on household budgets, shifting consumer preferences and sustained competitive activity. Against this backdrop, we're accelerating initiatives to better align our resources and value proposition with where the market is heading. This includes advancing innovation in smaller formats, sourdough and protein, improving our in-store execution, pursuing new business and continuing to invest behind our leading brands. As the Nature's Own relaunch, new business wins and innovation initiatives build momentum, we expect them to support greater stability and improved performance. We have work to do, but we remain confident in our strategy, our brands and the actions that we are taking. Shannon, we can go ahead and open up for questions.
Operator: [Operator Instructions] Our first question comes from the line of Steve Powers with Deutsche Bank.
Stephen Robert Powers: Ryals, maybe we can pick up a bit where you left off in the intro. I mean if I think about the implied performance in your updated guidance for the back half, even at the low end, it seems to imply some acceleration and some improvement certainly versus the exit rate of consumption that we saw coming out of 2Q. So maybe a bit more detail on the building blocks that you see to create that sequential improvement because it doesn't sound like you're expecting the category to improve. It sounds like you're expecting your own standing versus the category …