What is Flowers Foods Inc's earnings per share (EPS)?

Flowers Foods Inc (FLO) reported diluted earnings per share of $0.40 for fiscal year 2026. This represents a -65.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Flowers Foods Inc Financials

FLO

Source SEC Filings (10-K/10-Q) Updated Jan 3, 2026 Currency USD FYE January

This page shows Flowers Foods Inc (FLO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Cash-Backed

5.32x

For every $1 of reported earnings, Flowers Foods Inc generates $5.32 in operating cash flow ($446.2M OCF vs $83.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.3x

Flowers Foods Inc earns $2.3 in operating income for every $1 of interest expense ($174.0M vs $76.7M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$5.3B

YoY+3.0%

5Y CAGR+5.0%

10Y CAGR+3.5%

Flowers Foods Inc generated $5.3B in revenue in fiscal year 2026. This represents an increase of 3.0% from the prior year.

EBITDA

$341.4M

YoY-32.7%

5Y CAGR-1.6%

10Y CAGR-2.8%

Flowers Foods Inc's EBITDA was $341.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 32.7% from the prior year.

Net Income

$83.8M

YoY-66.2%

5Y CAGR-12.6%

10Y CAGR-9.6%

Flowers Foods Inc reported $83.8M in net income in fiscal year 2026. This represents a decrease of 66.2% from the prior year.

EPS (Diluted)

$0.40

YoY-65.8%

5Y CAGR-12.5%

10Y CAGR-9.5%

Flowers Foods Inc earned $0.40 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 65.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$319.1M

YoY+13.7%

5Y CAGR+3.9%

10Y CAGR+6.4%

Flowers Foods Inc generated $319.1M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 13.7% from the prior year.

Cash & Debt

N/A

Dividends Per Share

$0.98

YoY+3.4%

5Y CAGR+5.5%

10Y CAGR+8.3%

Flowers Foods Inc paid $0.98 per share in dividends in fiscal year 2026. This represents an increase of 3.4% from the prior year.

Shares Outstanding

212M

YoY+0.3%

5Y CAGR-0.0%

10Y CAGR+0.1%

Flowers Foods Inc had 212M shares outstanding in fiscal year 2026. This represents an increase of 0.3% from the prior year.

Margins & Returns

Gross Margin

48.9%

YoY-0.6pp

5Y CAGR+1.1pp

Flowers Foods Inc's gross margin was 48.9% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 0.6 percentage points from the prior year.

Operating Margin

3.3%

YoY-3.5pp

5Y CAGR-2.2pp

10Y CAGR-5.7pp

Flowers Foods Inc's operating margin was 3.3% in fiscal year 2026, reflecting core business profitability. This is down 3.5 percentage points from the prior year.

Net Margin

1.6%

YoY-3.3pp

5Y CAGR-2.4pp

10Y CAGR-4.6pp

Flowers Foods Inc's net profit margin was 1.6% in fiscal year 2026, showing the share of revenue converted to profit. This is down 3.3 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$9K

YoY-99.8%

5Y CAGR-70.7%

10Y CAGR-43.1%

Flowers Foods Inc invested $9K in research and development in fiscal year 2026. This represents a decrease of 99.8% from the prior year.

Share Buybacks

$5.5M

YoY-75.8%

5Y CAGR-4.9%

10Y CAGR-4.6%

Flowers Foods Inc spent $5.5M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 75.8% from the prior year.

Capital Expenditures

$127.1M

YoY-3.8%

5Y CAGR+4.2%

10Y CAGR+2.5%

Flowers Foods Inc invested $127.1M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 3.8% from the prior year.

FLO Income Statement

Metric	FY26	FY24	FY23	FY22	FY21	FY19
Revenue	$5.3B+3.0%	$5.1B+0.2%	$5.1B+5.9%	$4.8B+9.5%	$4.4B+6.4%	$4.1B
Cost of Revenue	$2.7B+4.3%	$2.6B-2.1%	$2.6B+5.2%	$2.5B+13.9%	$2.2B+1.9%	$2.2B
Gross Profit	$2.6B+1.7%	$2.5B+2.7%	$2.5B+6.7%	$2.3B+5.1%	$2.2B+11.4%	$2.0B
R&D Expenses	$9K-99.8%	$5.1M-13.6%	$5.9M-3.3%	$6.1M+52.5%	$4.0M-7.0%	$4.3M
SG&A Expenses	$2.1B+3.7%	$2.0B-5.6%	$2.1B+14.5%	$1.9B+9.3%	$1.7B+7.5%	$1.6B
Operating Income	$174.0M-50.0%	$348.3M+101.5%	$172.9M-43.0%	$303.2M-5.7%	$321.5M+42.6%	$225.4M
Interest Expense	$76.7M+106.5%	$37.1M+1.4%	$36.6M+26.6%	$28.9M-25.4%	$38.8M-0.1%	$38.8M
Income Tax	$31.2M-61.3%	$80.8M+139.9%	$33.7M-52.1%	$70.3M+45.3%	$48.4M+1.8%	$47.5M
Net Income	$83.8M-66.2%	$248.1M+101.0%	$123.4M-46.0%	$228.4M+49.9%	$152.3M-7.4%	$164.5M
EPS (Diluted)	$0.40-65.8%	$1.17+101.7%	$0.58-45.8%	$1.07+48.6%	$0.72-7.7%	$0.78

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$1.2B+0.5%	$1.2B-1.3%	$1.2B-20.0%	$1.6B+39.9%	$1.1B-6.7%	$1.2B-2.8%	$1.2B-22.3%	$1.6B
Cost of Revenue	$634.5M-0.7%	$638.7M+0.4%	$636.1M-18.3%	$778.3M+36.9%	$568.5M-5.0%	$598.2M-2.5%	$613.4M-23.1%	$797.2M
Gross Profit	$598.4M+1.8%	$587.9M-3.1%	$606.8M-21.8%	$775.9M+43.0%	$542.7M-8.4%	$592.4M-3.2%	$611.6M-21.6%	$779.6M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$492.4M+3.4%	$476.0M+0.5%	$473.5M-25.3%	$633.5M+42.7%	$444.0M-3.5%	$460.4M-2.3%	$471.4M-24.6%	$625.3M
Operating Income	-$71.1M-206.9%	$66.5M-28.8%	$93.4M+9.7%	$85.1M+38.8%	$61.4M-32.0%	$90.2M-5.3%	$95.2M-6.2%	$101.5M
Interest Expense	$19.9M+9.2%	$18.2M-3.5%	$18.9M-4.1%	$19.7M+141.0%	$8.2M-6.1%	$8.7M-3.2%	$9.0M-20.6%	$11.3M
Income Tax	-$19.7M-256.0%	$12.6M-37.2%	$20.1M+10.4%	$18.2M+32.1%	$13.8M-32.9%	$20.5M-12.4%	$23.5M+1.7%	$23.1M
Net Income	-$67.1M-269.7%	$39.5M-32.3%	$58.4M+10.1%	$53.0M+22.9%	$43.1M-33.6%	$65.0M-3.0%	$67.0M-8.3%	$73.0M
EPS (Diluted)	N/A	$0.19-32.1%	$0.28+12.0%	$0.25	N/A	$0.31-3.1%	$0.32-5.9%	$0.34

FLO Balance Sheet

Metric	FY26	FY24	FY23	FY22	FY21	FY19
Total Assets	N/A	$3.4B-0.8%	$3.4B+3.4%	$3.3B+1.3%	$3.3B+3.0%	$3.2B
Current Assets	N/A	$656.4M-4.6%	$687.7M-14.6%	$804.9M+2.1%	$788.1M+42.3%	$553.9M
Cash & Equivalents	N/A	$5.0M-77.8%	$22.5M-86.4%	$165.1M-34.1%	$250.6M+2168.8%	$11.0M
Inventory	N/A	$171.9M-6.8%	$184.5M+9.4%	$168.7M+31.7%	$128.1M+0.8%	$127.1M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	$679.9M+0.3%	$677.8M+24.3%	$545.2M0.0%	$545.2M0.0%	$545.2M
Total Liabilities	N/A	$2.0B-4.1%	$2.1B+11.0%	$1.9B+0.6%	$1.9B-2.9%	$1.9B
Current Liabilities	N/A	$548.6M-16.8%	$659.2M+16.8%	$564.4M+22.4%	$461.2M-12.7%	$528.1M
Long-Term Debt	N/A	$1.0B-2.5%	$1.0B+17.5%	$891.8M+0.3%	$889.6M+3.1%	$862.8M
Total Equity	N/A	$1.4B+4.3%	$1.4B-6.3%	$1.4B+2.1%	$1.4B+11.9%	$1.3B
Retained Earnings	N/A	$977.6M+4.8%	$932.5M-7.1%	$1.0B+4.5%	$961.2M+1.5%	$947.0M

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$4.2B-3.8%	$4.3B+0.1%	$4.3B+0.4%	$4.3B+27.2%	$3.4B-0.9%	$3.4B+0.1%	$3.4B0.0%	$3.4B
Current Assets	$729.1M-3.0%	$751.8M+1.5%	$740.7M+3.5%	$715.3M+9.0%	$656.4M-7.3%	$707.7M+0.7%	$702.8M+2.1%	$688.4M
Cash & Equivalents	$12.1M-27.7%	$16.7M+51.5%	$11.0M+50.5%	$7.3M+46.7%	$5.0M-66.6%	$15.0M+118.1%	$6.9M-56.6%	$15.8M
Inventory	$201.7M-0.9%	$203.4M-3.2%	$210.2M+1.5%	$207.1M+20.5%	$171.9M+1.3%	$169.7M+0.3%	$169.2M-3.8%	$176.0M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.0B0.0%	$1.0B0.0%	$1.0B-1.8%	$1.1B+56.9%	$679.9M0.0%	$679.9M0.0%	$679.9M0.0%	$679.9M
Total Liabilities	$2.9B-1.7%	$2.9B+0.4%	$2.9B+0.2%	$2.9B+46.3%	$2.0B-1.6%	$2.0B-1.0%	$2.0B-0.5%	$2.1B
Current Liabilities	$976.2M+1.9%	$957.6M+62.5%	$589.3M+3.6%	$568.7M+3.7%	$548.6M-3.6%	$569.1M-3.5%	$589.5M-5.3%	$622.4M
Long-Term Debt	$1.4B-1.8%	$1.4B-21.1%	$1.7B-2.3%	$1.8B+75.2%	$1.0B-3.1%	$1.1B-1.4%	$1.1B+2.4%	$1.0B
Total Equity	$1.3B-8.2%	$1.4B-0.5%	$1.4B+0.9%	$1.4B+0.4%	$1.4B+0.3%	$1.4B+1.6%	$1.4B+0.6%	$1.4B
Retained Earnings	$852.1M-12.3%	$971.4M-1.3%	$984.1M+0.6%	$978.2M+0.1%	$977.6M-0.8%	$985.0M+1.5%	$970.5M+1.7%	$954.4M

FLO Cash Flow Statement

Metric	FY26	FY24	FY23	FY22	FY21	FY19
Operating Cash Flow	$446.2M+8.1%	$412.7M+18.1%	$349.4M-3.2%	$360.9M-20.6%	$454.5M+23.8%	$367.0M
Capital Expenditures	$127.1M-3.8%	$132.1M+2.3%	$129.1M-23.7%	$169.1M+72.6%	$97.9M-5.6%	$103.7M
Free Cash Flow	$319.1M+13.7%	$280.6M+27.4%	$220.3M+14.8%	$191.8M-46.2%	$356.5M+35.4%	$263.3M
Investing Cash Flow	-$943.2M-446.2%	-$172.7M+57.2%	-$403.8M-167.3%	-$151.1M-104.2%	-$74.0M+23.8%	-$97.1M
Financing Cash Flow	$504.0M+295.7%	-$257.5M-192.1%	-$88.1M+60.3%	-$222.2M-164.4%	-$84.0M+70.4%	-$284.1M
Dividends Paid	$209.3M+3.1%	$203.0M+4.0%	$195.2M+4.7%	$186.5M+11.5%	$167.3M+4.6%	$160.0M
Share Buybacks	$5.5M-75.8%	$22.7M-50.4%	$45.8M+32.4%	$34.6M+4317.1%	$783K-88.9%	$7.1M

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$125.4M+130.6%	$54.4M-58.4%	$130.8M-3.5%	$135.6M+4.1%	$130.3M+14.3%	$113.9M+80.1%	$63.3M-39.8%	$105.1M
Capital Expenditures	$46.8M+95.5%	$23.9M-22.3%	$30.8M+20.6%	$25.6M-43.8%	$45.5M+79.2%	$25.4M-9.1%	$27.9M-16.2%	$33.3M
Free Cash Flow	$78.6M+158.3%	$30.4M-69.6%	$100.0M-9.1%	$110.1M+29.8%	$84.8M-4.2%	$88.6M+150.5%	$35.4M-50.8%	$71.8M
Investing Cash Flow	-$47.8M-98.9%	-$24.0M+32.1%	-$35.4M+95.8%	-$836.0M-1299.7%	-$59.7M-63.9%	-$36.4M+10.2%	-$40.6M-12.9%	-$35.9M
Financing Cash Flow	-$82.3M-233.4%	-$24.7M+73.1%	-$91.8M-113.1%	$702.7M+972.5%	-$80.5M-16.0%	-$69.4M-119.3%	-$31.6M+58.3%	-$75.9M
Dividends Paid	$52.3M0.0%	$52.3M-0.3%	$52.4M+0.2%	$52.3M+3.5%	$50.5M0.0%	$50.5M-0.6%	$50.8M-0.5%	$51.1M
Share Buybacks	$0	$0	$0-100.0%	$5.5M	$0	$0-100.0%	$13.8M+55.7%	$8.9M

FLO Financial Ratios

Metric	FY26	FY24	FY23	FY22	FY21	FY19
Gross Margin	48.9%-0.6pp	49.5%+1.2pp	48.3%+0.4pp	47.9%-2.0pp	50.0%+2.2pp	47.7%
Operating Margin	3.3%-3.5pp	6.8%+3.4pp	3.4%-2.9pp	6.3%-1.0pp	7.3%+1.9pp	5.5%
Net Margin	1.6%-3.3pp	4.9%+2.4pp	2.4%-2.3pp	4.8%+1.3pp	3.5%-0.5pp	4.0%
Return on Equity	N/A	17.6%+8.5pp	9.1%-6.7pp	15.8%+5.0pp	10.8%-2.2pp	13.0%
Return on Assets	N/A	7.3%+3.7pp	3.6%-3.3pp	6.9%+2.2pp	4.7%-0.5pp	5.2%
Current Ratio	N/A	1.20+0.2	1.04-0.4	1.43-0.3	1.71+0.7	1.05
Debt-to-Equity	N/A	0.72-0.1	0.78+0.2	0.62-0.0	0.63-0.1	0.68
FCF Margin	6.1%+0.6pp	5.5%+1.2pp	4.3%+0.3pp	4.0%-4.1pp	8.1%+1.8pp	6.4%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	48.5%+0.6pp	47.9%-0.9pp	48.8%-1.1pp	49.9%+1.1pp	48.8%-0.9pp	49.8%-0.2pp	49.9%+0.5pp	49.4%
Operating Margin	-5.8%-11.2pp	5.4%-2.1pp	7.5%+2.0pp	5.5%-0.0pp	5.5%-2.1pp	7.6%-0.2pp	7.8%+1.3pp	6.4%
Net Margin	-5.4%-8.7pp	3.2%-1.5pp	4.7%+1.3pp	3.4%-0.5pp	3.9%-1.6pp	5.5%0.0pp	5.5%+0.8pp	4.6%
Return on Equity	-5.1%-7.9pp	2.8%-1.3pp	4.1%+0.3pp	3.7%+0.7pp	3.1%-1.6pp	4.6%-0.2pp	4.8%-0.5pp	5.3%
Return on Assets	-1.6%-2.5pp	0.9%-0.4pp	1.3%+0.1pp	1.2%-0.0pp	1.3%-0.6pp	1.9%-0.1pp	1.9%-0.2pp	2.1%
Current Ratio	0.75-0.0	0.79-0.5	1.260.0	1.26+0.1	1.20-0.0	1.24+0.1	1.19+0.1	1.11
Debt-to-Equity	1.04+0.1	0.97-0.3	1.23-0.0	1.26+0.5	0.72-0.0	0.75-0.0	0.77+0.0	0.76
FCF Margin	6.4%+3.9pp	2.5%-5.6pp	8.1%+1.0pp	7.1%-0.6pp	7.6%+0.2pp	7.4%+4.5pp	2.9%-1.7pp	4.5%

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Frequently Asked Questions

What is Flowers Foods Inc's annual revenue?

Flowers Foods Inc (FLO) reported $5.3B in total revenue for fiscal year 2026. This represents a 3.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Flowers Foods Inc's revenue growing?

Flowers Foods Inc (FLO) revenue grew by 3% year-over-year, from $5.1B to $5.3B in fiscal year 2026.

Is Flowers Foods Inc profitable?

Yes, Flowers Foods Inc (FLO) reported a net income of $83.8M in fiscal year 2026, with a net profit margin of 1.6%.

What is Flowers Foods Inc's EBITDA?

Flowers Foods Inc (FLO) had EBITDA of $341.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

What is Flowers Foods Inc's gross margin?

Flowers Foods Inc (FLO) had a gross margin of 48.9% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Flowers Foods Inc's operating margin?

Flowers Foods Inc (FLO) had an operating margin of 3.3% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Flowers Foods Inc's net profit margin?

Flowers Foods Inc (FLO) had a net profit margin of 1.6% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Does Flowers Foods Inc pay dividends?

Yes, Flowers Foods Inc (FLO) paid $0.98 per share in dividends during fiscal year 2026.

What is Flowers Foods Inc's free cash flow?

Flowers Foods Inc (FLO) generated $319.1M in free cash flow during fiscal year 2026. This represents a 13.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Flowers Foods Inc's operating cash flow?

Flowers Foods Inc (FLO) generated $446.2M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Flowers Foods Inc's capital expenditures?

Flowers Foods Inc (FLO) invested $127.1M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How much does Flowers Foods Inc spend on research and development?

Flowers Foods Inc (FLO) invested $9K in research and development during fiscal year 2026.

Does Flowers Foods Inc buy back shares?

Yes, Flowers Foods Inc (FLO) spent $5.5M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does Flowers Foods Inc have outstanding?

Flowers Foods Inc (FLO) had 212M shares outstanding as of fiscal year 2026.

Are Flowers Foods Inc's earnings high quality?

Flowers Foods Inc (FLO) has an earnings quality ratio of 5.32x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Flowers Foods Inc cover its interest payments?

Flowers Foods Inc (FLO) has an interest coverage ratio of 2.3x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.