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Stocks · Consumer staples · Food and Kindred Products

FLOWERS FOODS INC

FLO Clue Score40
United States Fiscal year ends January CIK 0001128928
$5.81 -2.19% Close, 9 Oct 2026
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Price $5.81 −76.71% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 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

Ratios

Percentages worked out from the filed figures; debt to equity in times. 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
Margins
6.7% 4.1% 5.4% 5.5% 7.3% 6.8% 6.3% 3.4% 6.8% 3.3%
6.4% 3.8% 5.0% 5.1% 4.6% 6.3% 6.2% 3.1% 6.4% 2.2%
4.2% 3.8% 4.0% 4.0% 3.5% 4.8% 4.8% 2.4% 4.9% 1.6%
6.5% 5.7% 5.0% 6.4% 8.1% 4.8% 4.0% 4.3% 5.5% 6.1%
Spending
0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.0%
37.4% 38.5% 38.1% 38.2% 38.6% 39.7% 38.5% 41.6% 39.2% 39.5%
2.6% 1.9% 2.5% 2.5% 2.2% 3.1% 3.5% 2.5% 2.6% 2.4%
34.4% −0.6% 20.3% 22.4% 24.1% 23.9% 23.5% 21.4% 24.6% 27.2%
Returns
13.5% 12.0% 12.5% 13.0% 11.1% 14.6% 15.8% 9.1% 17.6% 6.4%
5.9% 5.6% 5.5% 5.2% 4.6% 6.3% 6.9% 3.6% 7.3% 2.0%
Balance and payout
0.67 0.64 0.78 0.69 0.70 0.63 0.62 0.78 0.72 1.35
80.0% 93.9% 95.6% 97.2% 109.8% 85.3% 81.7% 158.2% 81.8% 249.7%
101.0% 64.7% 77.7% 63.4% 47.1% 88.9% 115.3% 109.4% 80.5% 67.3%