Exhibit 99.1

 

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Company Press Release

 

February 6, 2019   

Flowers Foods (NYSE: FLO)

FLOWERS FOODS, INC. REPORTS FOURTH QUARTER

AND FULL YEAR 2018 RESULTS

THOMASVILLE, Ga. – Flowers Foods, Inc. (NYSE: FLO), producer of Nature’s Own, Wonder, Tastykake, Dave’s Killer Bread, and other bakery foods, today reported financial results for the company’s 12-week fourth quarter and 52-week full year ended December 29, 2018.

Fiscal 2018 Summary:

Compared to the prior year where applicable

 

   

Sales increased 0.8% to $3.952 billion.

 

   

Diluted EPS increased $0.03 to $0.74.

 

   

Adjusted diluted EPS(1) increased $0.05 to $0.94.

 

   

Net income increased 4.7% to $157.2 million.

 

   

Adjusted net income(1) increased 5.8% to $198.1 million.

 

   

Adjusted EBITDA(2) decreased 8.5% to $411.5 million.

 

   

Adjusted EBITDA(2) margin decreased 110 basis points to 10.4% of sales.

Fourth Quarter Summary:

Compared to the prior year fourth quarter where applicable

 

   

Sales increased 0.8% to $880.7 million.

 

   

Diluted EPS decreased $0.27 to $0.10.

 

   

Adjusted diluted EPS(1) decreased $0.01 to $0.16.

 

   

Net income decreased $57.7 million to $20.8 million.

 

   

Adjusted net income(1) decreased 4.6% to $34.1 million.

 

   

Adjusted EBITDA(2) decreased 14.1% to $78.1 million.

 

   

Adjusted EBITDA(2) margin decreased 150 basis points to 8.9% of sales.

 

  (1)

Adjusted for items affecting comparability. See reconciliations of non-GAAP measures in the financial statements following this release.

  (2)

Earnings before Interest, Taxes, Depreciation and Amortization, adjusted for certain items affecting comparability. See reconciliations of non-GAAP measures in the financial statements following this release.


The following information was filed by Flowers Foods Inc (FLO) on Thursday, February 7, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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