Flowers Foods (FLO) Tops Q3 EPS by 5c, Offers FY Guidance
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Flowers Foods, Inc. Reports Third Quarter 2021 Results
November 11, 2021 4:05 PM ESTTHOMASVILLE, Ga., Nov. 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 12-week third quarter ended October 9, 2021.
Third Quarter Summary:
Compared to the prior year third quarter where applicable
Sales increased 3.9% to $1.028Â billion compared to results in the prior year period. Net income decreased 12.4% to $38.9Â million. Adjusted net income increased 3.9% to $64.9Â million. Adjusted EBITDA(1) increased 1.8% to $118.5Â million. Adjusted EBITDA represented 11.5% of sales, a 30-basis... More