Flowers Foods (FLO) Tops Q3 EPS by 3c
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Flowers Foods, Inc. Reports Third Quarter 2020 Results
November 5, 2020 4:15 PM ESTTHOMASVILLE, Ga., Nov. 5, 2020 /PRNewswire/ --Â Flowers Foods, Inc. (NYSE: FLO), producer of Nature's Own, Dave's Killer Bread, Wonder, Tastykake, and other bakery foods, today reported financial results for the company's 12-week third quarter ended October 3, 2020.
Third Quarter Summary:
Compared to the prior year third quarter where applicable
Sales increased 2.4% to $989.7 million. Net income increased 2.3% to $44.3 million. Adjusted net income increased 36.3% to $62.4 million. Adjusted EBITDA(1) increased 22.4% to $116.4 million, representing 11.8% of sales, a 200-basis point increase. Diluted EPS increased $0.01 to $0.21. Adjusted diluted... More