InsiderClue
Stocks · Consumer staples · Food and Kindred Products

FLOWERS FOODS INC

FLO Clue Score40
United States Fiscal year ends January CIK 0001128928
$6.04 +3.96% Close, 12 Oct 2026
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Price $6.04 −75.91% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue3,926.9Operating income264.9Net income163.8EPS, diluted0.78Fiscal year 2017Revenue3,920.7 −0.2%Operating income161.0Net income150.1 −8.3%EPS, diluted0.71 −9.0%Fiscal year 2018Revenue3,951.9 +0.8%Operating income212.3Net income157.2 +4.7%EPS, diluted0.74 +4.2%Fiscal year 2019Revenue4,124.0 +4.4%Operating income225.4Net income164.5 +4.7%EPS, diluted0.78 +5.4%Fiscal year 2021Revenue4,388.0 +6.4%Operating income321.5Net income152.3 −7.4%EPS, diluted0.72 −7.7%Fiscal year 2022Revenue4,330.8 −1.3%Operating income294.9Net income206.2 +35.4%EPS, diluted0.97 +34.7%Fiscal year 2022Revenue4,805.8 +11.0%Operating income303.2Net income228.4 +10.8%EPS, diluted1.07 +10.3%Fiscal year 2023Revenue5,090.8 +5.9%Operating income172.9Net income123.4 −46.0%EPS, diluted0.58 −45.8%Fiscal year 2024Revenue5,103.5 +0.2%Operating income348.3Net income248.1 +101.0%EPS, diluted1.17 +101.7%Fiscal year 2026Revenue5,256.5 +3.0%Operating income174.0Net income83.8 −66.2%EPS, diluted0.40 −65.8%
FY2016FY2017FY2018FY2019FY2021FY2022FY2022FY2023FY2024FY2026
Revenue 3,926.9 3,920.7 3,951.9 4,124.0 4,388.0 4,330.8 4,805.8 5,090.8 5,103.5 5,256.5
Growth −0.2% +0.8% +4.4% +6.4% −1.3% +11.0% +5.9% +0.2% +3.0%
Operating income 264.9 161.0 212.3 225.4 321.5 294.9 303.2 172.9 348.3 174.0
Net income 163.8 150.1 157.2 164.5 152.3 206.2 228.4 123.4 248.1 83.8
Growth −8.3% +4.7% +4.7% −7.4% +35.4% +10.8% −46.0% +101.0% −66.2%
EPS, diluted 0.78 0.71 0.74 0.78 0.72 0.97 1.07 0.58 1.17 0.40
Growth −9.0% +4.2% +5.4% −7.7% +34.7% +10.3% −45.8% +101.7% −65.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin6.7%Net margin4.2%Free cash flow margin6.5%Fiscal year 2017Operating margin4.1%Net margin3.8%Free cash flow margin5.7%Fiscal year 2018Operating margin5.4%Net margin4.0%Free cash flow margin5.0%Fiscal year 2019Operating margin5.5%Net margin4.0%Free cash flow margin6.4%Fiscal year 2021Operating margin7.3%Net margin3.5%Free cash flow margin8.1%Fiscal year 2022Operating margin6.8%Net margin4.8%Free cash flow margin4.8%Fiscal year 2022Operating margin6.3%Net margin4.8%Free cash flow margin4.0%Fiscal year 2023Operating margin3.4%Net margin2.4%Free cash flow margin4.3%Fiscal year 2024Operating margin6.8%Net margin4.9%Free cash flow margin5.5%Fiscal year 2026Operating margin3.3%Net margin1.6%Free cash flow margin6.1%
FY2016FY2017FY2018FY2019FY2021FY2022FY2022FY2023FY2024FY2026
Operating margin 6.7% 4.1% 5.4% 5.5% 7.3% 6.8% 6.3% 3.4% 6.8% 3.3%
Net margin 4.2% 3.8% 4.0% 4.0% 3.5% 4.8% 4.8% 2.4% 4.9% 1.6%
Free cash flow margin 6.5% 5.7% 5.0% 6.4% 8.1% 4.8% 4.0% 4.3% 5.5% 6.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow356.6Capital expenditure−101.7Free cash flow254.8Buybacks−126.3Dividends paid−131.1Fiscal year 2017Operating cash flow297.4Capital expenditure−75.2Free cash flow222.2 −12.8%Buybacks−2.7Dividends paid−141.0Fiscal year 2018Operating cash flow295.9Capital expenditure−99.4Free cash flow196.5 −11.6%Buybacks−2.5Dividends paid−150.2Fiscal year 2019Operating cash flow367.0Capital expenditure−103.7Free cash flow263.3 +34.0%Buybacks−7.1Dividends paid−160.0Fiscal year 2021Operating cash flow454.5Capital expenditure−97.9Free cash flow356.5 +35.4%Buybacks−0.8Dividends paid−167.3Fiscal year 2022Operating cash flow344.6Capital expenditure−136.0Free cash flow208.6 −41.5%Buybacks−9.5Dividends paid−175.9Fiscal year 2022Operating cash flow360.9Capital expenditure−169.1Free cash flow191.8 −8.1%Buybacks−34.6Dividends paid−186.5Fiscal year 2023Operating cash flow349.4Capital expenditure−129.1Free cash flow220.3 +14.8%Buybacks−45.8Dividends paid−195.2Fiscal year 2024Operating cash flow412.7Capital expenditure−132.1Free cash flow280.6 +27.4%Buybacks−22.7Dividends paid−203.0Fiscal year 2026Operating cash flow446.2Capital expenditure−127.1Free cash flow319.1 +13.7%Buybacks−5.5Dividends paid−209.3
FY2016FY2017FY2018FY2019FY2021FY2022FY2022FY2023FY2024FY2026
Operating cash flow 356.6 297.4 295.9 367.0 454.5 344.6 360.9 349.4 412.7 446.2
Capital expenditure −101.7 −75.2 −99.4 −103.7 −97.9 −136.0 −169.1 −129.1 −132.1 −127.1
Free cash flow 254.8 222.2 196.5 263.3 356.5 208.6 191.8 220.3 280.6 319.1
Growth −12.8% −11.6% +34.0% +35.4% −41.5% −8.1% +14.8% +27.4% +13.7%
Buybacks −126.3 −2.7 −2.5 −7.1 −0.8 −9.5 −34.6 −45.8 −22.7 −5.5
Dividends paid −131.1 −141.0 −150.2 −160.0 −167.3 −175.9 −186.5 −195.2 −203.0 −209.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash6.4Total debt808.7Net cash (debt)−802.3Shareholders’ equity1,210.1Debt to equity0.67Fiscal year 2017Cash5.1Total debt805.1Net cash (debt)−800.0Shareholders’ equity1,250.7Debt to equity0.64Fiscal year 2018Cash25.3Total debt979.6Net cash (debt)−954.3Shareholders’ equity1,258.3Debt to equity0.78Fiscal year 2019Cash11.0Total debt866.5Net cash (debt)−855.5Shareholders’ equity1,263.4Debt to equity0.69Fiscal year 2021Cash307.5Total debt960.1Net cash (debt)−652.6Shareholders’ equity1,373.0Debt to equity0.70Fiscal year 2022Cash185.9Total debt890.6Net cash (debt)−704.7Shareholders’ equity1,411.3Debt to equity0.63Fiscal year 2022Cash165.1Total debt891.8Net cash (debt)−726.7Shareholders’ equity1,443.3Debt to equity0.62Fiscal year 2023Cash22.5Total debt1,048.1Net cash (debt)−1,025.6Shareholders’ equity1,351.8Debt to equity0.78Fiscal year 2024Cash5.0Total debt1,021.6Net cash (debt)−1,016.6Shareholders’ equity1,410.1Debt to equity0.72Fiscal year 2026Cash12.1Total debt1,755.1Net cash (debt)−1,743.0Shareholders’ equity1,303.5Debt to equity1.35
FY2016FY2017FY2018FY2019FY2021FY2022FY2022FY2023FY2024FY2026
Cash 6.4 5.1 25.3 11.0 307.5 185.9 165.1 22.5 5.0 12.1
Total debt 808.7 805.1 979.6 866.5 960.1 890.6 891.8 1,048.1 1,021.6 1,755.1
Net cash (debt) −802.3 −800.0 −954.3 −855.5 −652.6 −704.7 −726.7 −1,025.6 −1,016.6 −1,743.0
Shareholders’ equity 1,210.1 1,250.7 1,258.3 1,263.4 1,373.0 1,411.3 1,443.3 1,351.8 1,410.1 1,303.5
Debt to equity 0.67 0.64 0.78 0.69 0.70 0.63 0.62 0.78 0.72 1.35

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending January, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 30 Dec 2017 FY2018 29 Dec 2018 FY2019 28 Dec 2019 FY2021 2 Jan 2021 FY2022 1 Jan 2022 FY2022 31 Dec 2022 FY2023 30 Dec 2023 FY2024 28 Dec 2024 FY2026 3 Jan 2026
Assets
6.4 5.1 25.3 11.0 307.5 185.9 165.1 22.5 5.0 12.1
110.9 111.0 122.6 127.1 125.2 135.0 168.7 184.5 171.9 201.7
781.0 732.0 743.8 717.8 699.4 798.7 849.3 963.0 964.3 952.7
465.6 464.8 545.4 545.2 545.2 545.2 545.2 677.8 679.9 1,047.8
2,761.1 2,659.7 2,845.5 3,177.8 3,323.0 3,253.3 3,313.0 3,427.0 3,400.4 4,183.9
Growth −3.7% +7.0% +11.7% +4.6% −2.1% +1.8% +3.4% −0.8% +23.0%
Liabilities
n/a n/a 5.0 3.7 n/a n/a n/a n/a n/a 399.6
808.7 805.1 974.6 862.8 960.1 890.6 891.8 1,048.1 1,021.6 1,355.6
calc 808.7 805.1 979.6 866.5 960.1 890.6 891.8 1,048.1 1,021.6 1,755.1
Equity
910.5 919.7 945.4 947.0 932.1 962.4 1,004.3 932.5 977.6 852.1
1,210.1 1,250.7 1,258.3 1,263.4 1,373.0 1,411.3 1,443.3 1,351.8 1,410.1 1,303.5
Growth +3.4% +0.6% +0.4% +8.7% +2.8% +2.3% −6.3% +4.3% −7.6%
Per share and net cash
calc −802.3 −800.0 −954.3 −855.5 −652.6 −704.7 −726.7 −1,025.6 −1,016.6 −1,743.0
208.9 210.6 210.9 211.6 211.7 211.5 211.3 210.6 210.8 211.6
calc 5.79 5.94 5.97 5.97 6.49 6.67 6.83 6.42 6.69 6.16

Lines marked calc are worked out here from filed figures; point at one for how.