Flowers Foods Inc (FLO) Q4 2024 Earnings Report

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Flowers Foods Inc

FLO

$10.78 0.89%

Exchange: NYSE | Sector: Consumer Defensive | Industry: Packaged Foods

Q4 2024

Published: Feb 18, 2025

Earnings Highlights

Revenue of $1.11B down 1.6% year-over-year
EPS of $0.20 increased by 17.7% from previous year
Gross margin of 48.8%
Net income of 43.12M
"Our team accomplished a lot in 2024. We grew dollars and units in tracked channels across our branded bread portfolio, helped by innovation and strong market execution." - Ryals McMullian

FLO

Flowers Foods Inc

Period Q4 2024

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

In Q4 2024, Flowers Foods Inc reported revenues of $1.11 billion, reflecting a year-over-year decline of 1.59% and a quarter-over-quarter decrease of 6.67%. The company's gross profit margin increased slightly to 48.8%. Despite lower sales, profitability metrics such as net income rose by 20.87% year-over-year, reflecting effective cost management amidst declining market conditions. Management's guidance for 2025 indicates caution due to ongoing strain from the sweet baked goods category and fluctuating consumer demand.

Key Performance Indicators

Revenue

Decreasing

1.11B

QoQ: -6.67% | YoY: -1.59%

Gross Profit

Increasing

542.66M

48.84% margin

QoQ: -8.39% | YoY: 0.25%

Operating Income

Increasing

65.64M

QoQ: -27.21% | YoY: 31.56%

Net Income

Increasing

43.12M

QoQ: -33.64% | YoY: 20.87%

EPS

Increasing

0.20

QoQ: -35.48% | YoY: 17.65%

Revenue Trend

Margin Analysis

Financial Highlights

### Key Financial Metrics
- Revenue: $1.11 billion (YoY: -1.59%, QoQ: -6.67%)
- Gross Profit: $542.66 million (YoY: +0.25%, QoQ: -8.39%)
- Operating Income: $65.64 million (YoY: +31.56%, QoQ: -27.21%)
- Net Income: $43.12 million (YoY: +20.87%, QoQ: -33.64%)
- EPS: $0.20 (YoY: +17.65%, QoQ: -35.48%)
### Key Ratio Metrics
- Gross Margin: 48.8% (Vs. Industry Avg: 35.5%)
- Operating Margin: 5.9% (Vs. Industry Avg: 6.2%)
- Debt to Capitalization Ratio: 49.1% (Healthy for industry standards)
- Current Ratio: 1.20 (Vs. Industry Avg: 1.10)
- Net Cash Flow from Operations: $130.29 million

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	1.11B	-1.59%	-6.67%
Gross Profit	542.66M	0.25%	-8.39%
Operating Income	65.64M	31.56%	-27.21%
Net Income	43.12M	20.87%	-33.64%
EPS	0.20	17.65%	-35.48%

Key Financial Ratios

Gross Profit Margin

Good

48.80%

Gross profit margin is healthy and competitive within industry standards

Operating Profit Margin

Fair

5.91%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Fair

3.88%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

1.27%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

3.06%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.20

Current ratio meets minimum requirements but limited cushion

Debt to Equity

Elevated

0.96

Debt-to-equity shows significant leverage, monitor debt levels

P/E Ratio

Fair Value

24.99x

P/E ratio in line with market averages

Price to Book

Premium

3.06x

Trading at premium to book value, reflects strong intangibles or growth

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2025	1,554.23	0.25	-1.4%	View
Q4 2024	1,111.13	0.20	-1.6%	View
Q3 2024	1,190.56	0.31	-0.7%	View
Q2 2024	1,224.98	0.32	-0.3%	View
Q1 2024	1,576.82	0.34	+2.8%	View

Flowers Foods Inc (FLO) Q4 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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