Flowers Foods (FLO) Tops Q4 EPS by 4c, Offers FY Guidance
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Flowers Foods, Inc. Reports Fourth Quarter And Full Year 2020 Results
February 11, 2021 4:30 PM ESTTHOMASVILLE, Ga., Feb. 11, 2021 /PRNewswire/ -- Flowers Foods, Inc. (NYSE: FLO), producer of Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Tastykake, and other bakery foods, today reported financial results for the company's 53-week fiscal 2020 and 13-week fiscal fourth quarter ended January 2, 2021.
Fiscal 2020 Summary:
Compared to the prior year where applicable
Sales increased 6.4% to $4.388 billion. The additional week contributed 1.8%. Net income decreased 7.4% to $152.3 million. Adjusted net income increased 36.1% to $278.0 million. Adjusted EBITDA(1) increased 23.4% to $521.7 million, representing 11.9% of sales, a 160-basis point increase.... More