Flowers Foods

Flowers Foods (FLO) Q1 2025 Earnings

Reported May 16, 2025 at 7:18 AM ET · SEC Source

Q1 25 EPS

$0.35

MISS 6.27%

Est. $0.37

Q1 25 Revenue

$1.55B

MISS 2.84%

Est. $1.60B

vs S&P Since Q1 25

-75.3%

TRAILING MARKET

FLO -49.7% vs S&P +25.7%

Market Reaction

Did FLO Beat Earnings? Q1 2025 Results

Flowers Foods delivered a disappointing first quarter for fiscal 2025, missing Wall Street expectations as softening consumer demand and acquisition-related costs weighed on results. The packaged bakery giant posted adjusted diluted EPS of $0.35, fal… Read more Flowers Foods delivered a disappointing first quarter for fiscal 2025, missing Wall Street expectations as softening consumer demand and acquisition-related costs weighed on results. The packaged bakery giant posted adjusted diluted EPS of $0.35, falling short of the $0.37 consensus estimate by 5.41%, while net sales slipped 1.4% year-over-year to $1.55 billion for the 16-week period ended April 19, 2025. The top-line decline was driven by a 2.7% volume drop and pricing and mix weakness, as increased promotional activity across the Branded Retail segment pressured the company's core business. The recently completed Simple Mills acquisition provided a 1.6% sales offset but added meaningful interest expense and amortization costs that burdened earnings. Looking ahead, management trimmed full-year adjusted diluted EPS guidance to $1.05 to $1.15 from a prior range of $1.11 to $1.24, also flagging a potential tariff headwind of up to $30 million as an additional risk to the outlook for the remainder of fiscal 2025.

Key Takeaways

  • Moderating ingredient costs improved production cost ratio by 50 basis points
  • Simple Mills acquisition contributed $24.3 million in net sales and $3.6 million to adjusted EBITDA
  • Greater than expected category declines pressured volumes
  • Higher interest expense from debt issued for Simple Mills acquisition
  • Increased promotional activity in Branded Retail weighed on pricing/mix
  • Higher workforce-related costs and vehicle rent expense increased SD&A
24/7 Wall St

FLO YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

24/7 Wall St

FLO Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Despite economic uncertainty and greater than expected category declines in the first quarter, Flowers' performance underscores the importance of our leading brands, each of which maintained or gained unit and dollar share.”

— Ryals McMullian, Q1 2025 Earnings Press Release