Flowers Foods (FLO) has a market cap of $3.2 billion. Its stock rose by 0.46% to close at $15.23 per share on August 19, 2016. The stock’s weekly, monthly, and YTD (year-to-date) price movements were 2.6%, -19.0%, and -27.9%, respectively, on the same day. FLO is trading 11.4% below its 20-day moving average, 15.1% below its 50-day moving average, and 21.2% below its 200-day moving average.
Related ETFs and peers
The Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) invests 0.49% of its holdings in Flowers Foods. The ETF tracks a market cap–weighted index of growth companies culled from the S&P 400. The YTD price movement of IVOG was 10.5% on August 19.
The SPDR S&P 400 Mid Cap Growth ETF (MDYG) invests 0.49% of its holdings in Flowers Foods. The ETF tracks a market cap–weighted index of growth companies culled from the S&P 400.
The market caps of Flowers Foods’ competitors are as follows:
Flowers Foods’ dividend
Flowers Foods has declared a quarterly dividend of $0.16 per share on its common stock. This is an increase of 10.3%. The dividend will be paid on September 16, 2016, to shareholders of record on September 2, 2016.
Flowers Foods’ performance in fiscal 2Q16
Flowers Foods reported fiscal 2Q16 sales of $935.0 million, a rise of 5.2% over the sales of $888.8 million in fiscal 2Q15, due to the acquisitions of Dave’s Killer Bread (DKB) and Alpine Valley Bread. Sales from Direct-Store-Delivery and Warehouse Delivery rose by 4.5% and 9.1%, respectively, between fiscal 2Q15 and fiscal 2Q16.
The company reported a pension plan settlement loss of $4.6 million in fiscal 2Q16. The company’s income from operations rose by 1.8% between fiscal 2Q15 and fiscal 2Q16.
Flowers Foods’ net income fell to $51.2 million in fiscal 2Q16, compared with $51.8 million in fiscal 2Q15. It reported EPS (earnings per share) of $0.24 in fiscal 2Q15 and 2Q16. It reported adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) and adjusted EPS of $118.7 million and $0.26, respectively, in fiscal 2Q16. These figures represent rises of 5.2% and 4.0%, respectively, over fiscal 2Q15.
Flowers Foods has made the following projections for fiscal 2016:
- sales in the range of ~$3.9 billion–$4.0 billion
- EPS in the range of $0.88–$0.93
- adjusted EPS in the range of $0.90–$0.95
These projections consider increased competitiveness in the market and weak volumes.
In the next part of this series, we’ll discuss Thor Industries (THO).