Flowers Foods (FLO) Q3 2026 Earnings
Adjusted EPS excludes restructuring charges ($4.556 million pre-tax, $0.02/share), plant closure costs and impairment of assets ($1.481 million pre-tax, $0.01/share), legal settlements and related costs ($1.0 million), restructuring-related implementation costs ($1.038 million), business process improvement costs ($0.906 million) and a recovery on inferior ingredients ($0.632 million gain). GAAP diluted EPS was $0.07.
How Did FLO Stock React to Q3 2026 Earnings?
Did FLO Beat Earnings? Q3 2026 Results
No. Flowers Foods reported Q3 2026 earnings of $0.10 a share on Nov 12, 2026, missing the $0.15 consensus estimate by 34.1%. Revenue was $1.2B against a $1.2B estimate.
Flowers Foods delivered a disappointing third quarter, missing on both the top and bottom lines as softening consumer demand and category headwinds weighed heavily on results. Adjusted EPS came in at $0.10, falling short of the $0.15 consensus by 34.12%, while net sales of $1.17 billion trailed estimates by 1.01% and declined 4.7% year over year, with a 7.0% volume drop only partially cushioned by 2.3% favorable pricing and mix. The core culprit was persistent weakness in packaged bread, where budget-pressured households pulled back and promotional activity intensified, forcing greater outside product purchases and squeezing production efficiency. Profitability compressed sharply as a result, with adjusted EBITDA tumbling 33.2% to $78.90 million and margin contracting 280 basis points to 6.8%. GAAP diluted EPS was $0.07 after restructuring charges and other items. Making matters worse, management cut its full-year 2026 guidance for the second consecutive quarter, now projecting adjusted diluted EPS of $0.63 to $0.68 and net sales of $5.02 billion to $5.06 billion, while cautioning that the environment is expected to remain challenging in the near term.
- Volume declined 7.0% while pricing/mix rose 2.3%
- Branded Retail volume fell 8.6%, partially offset by 3.5% pricing/mix
- Lower store-branded product sales, partially due to discontinued business
- Growth in foodservice sales and improved non-retail volume
- Increased marketing investment and higher logistics costs
- Lower production volumes raised workforce-related costs, and outside purchases of product increased
- Lower ingredient costs, incentive compensation and distributor distribution fees partially offset pressures
- Net interest expense decreased about $1.0 million on lower debt and higher interest income
“Our third-quarter results reflect a continued challenging operating environment, driven by pressure on household budgets, evolving consumer behavior and heightened promotional activity, as well as areas where we need to move faster with focused execution.”
Flowers Foods CEO, on the earnings call
What Is Flowers Foods's Outlook?
Flowers lowered its 52-week fiscal 2026 outlook. It now expects net sales of approximately $5.016 billion to $5.063 billion, a -4.6% to -3.7% change versus the prior year (prior guidance: $5.070 billion to $5.142 billion). Adjusted EBITDA is now expected at approximately $415 million to $430 million (prior: $453 million to $481 million). Adjusted diluted EPS is now expected at approximately $0.63 to $0.68 (prior: $0.75 to $0.85), with GAAP diluted EPS of $0.51 to $0.56. Assumptions include D&A of $165–170 million, net interest expense of $60–65 million, an effective tax rate of about 27%, about 213.5 million weighted diluted shares, and capex of $115–125 million. Management expects the environment to remain challenging in the near term.
FLO YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $1.2B | $1.2B | −4.7% |
| Gross Profit | $545.6M | $587.8M | −7.2% |
| Operating Income | $32.2M | $66.5M | −51.5% |
| Net Income | $14.4M | $39.5M | −63.6% |
FLO Revenue by Segment
When Does Flowers Foods Report Next?
Figures from SEC filings and company reports. Not investment advice.