The 10-second takeaway
For the quarter ended Dec. 29 (Q4), Flowers Foods beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.
Margins increased across the board.
Flowers Foods booked revenue of $749.4 million. The nine analysts polled by S&P Capital IQ expected a top line of $708.7 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $653.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.28. The nine earnings estimates compiled by S&P Capital IQ predicted $0.25 per share. GAAP EPS of $0.28 for Q4 were 65% higher than the prior-year quarter's $0.17 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 47.9%, 200 basis points better than the prior-year quarter. Operating margin was 7.9%, 230 basis points better than the prior-year quarter. Net margin was 5.1%, 160 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.01 billion. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $3.40 billion. The average EPS estimate is $1.22.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 347 members out of 358 rating the stock outperform, and 11 members rating it underperform. Among 118 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 117 give Flowers Foods a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Flowers Foods is outperform, with an average price target of $24.56.
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