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Flowers Foods reports first quarter 2026 results
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Monday, 25 May, 2026, 08 : 00 AM [IST]
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Georgia, USA
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Flowers Foods, Inc., reported financial results for the company's 16-week first quarter ended April 25, 2026.
First Quarter Summary: Net sales increased 1.1% to $1.572 billion as the Simple Mills acquisition and pricing/mix more than offset volume declines. Net income decreased 20.6% to $42.1 million, representing 2.7% of sales, a 70-basis point decrease, primarily due to a challenging consumer environment and higher interest expense, partly offset by the prior year plant closure costs and moderating ingredient costs. Adjusted net income decreased 17.4% to $60.9 million. Adjusted EBITDA decreased 1.8% to $159.0 million, representing 10.1% of net sales, a 30-basis point decrease. Diluted EPS decreased $0.05 to $0.20. Adjusted diluted EPS decreased $0.06 to $0.29.
The company announced that its board of directors has declared a quarterly dividend of $0.1250 per share, representing the 95th consecutive quarterly dividend.
Ryals McMullian, chairman and CEO of Flowers Foods, said, "Flowers' first quarter reflects our team's disciplined cost management, helping us deliver financial performance in-line with expectations despite softer top-line results driven by ongoing challenging macroeconomic conditions impacting the category. At the same time, we've made meaningful progress in strengthening our long-term position by evolving our product portfolio to better meet consumers' needs, including the relaunch of Nature's Own, now with simple ingredients and Non-GMO Project Verified certification – a mainstream category first. While we continue to approach the balance of the year with appropriate caution given the ongoing challenging external environment, we remain confident in the strength of our brands, robust supply chain and delivery network, growing presence in the better-for-you categories, and improving balance sheet. These factors give us confidence we are well positioned to navigate headwinds and drive long-term shareholder value."
"The comprehensive review of our brand portfolio, supply chain, and financial strategy announced last quarter is well underway and helping to further clarify how we allocate resources to strengthen our position and support the growth of our strongest brands. As part of this effort, we reset our quarterly dividend to $0.125 per share, or $0.50 per share on an annualised basis, allowing us to prioritise meaningful debt reduction while continuing to invest behind the brands, innovation, and capabilities that we believe will drive sustainable above-category growth over time. As we move forward and execute our strategy, we expect dividends to remain an important component of our overall shareholder value proposition. With respect to our 2026 outlook, we are reaffirming guidance and our team remains focused on disciplined execution, managing the areas of the business we can directly influence and delivering against our strategic and financial objectives for the year," said McMullian.
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