FLO
Flowers Foods, Inc.
FLO's fundamentals are weak and it looks expensive: trading at 43x earnings, above its usual 26x. Its downside scenario is about seven times its upside.
FLO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Weak |
FLO's revenue, profitability and cash flow are currently stable, but its balance sheet is weak.
FLO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 8.3x | $6.01 | — |
| Cheap | 18x | $2.57 | -57% |
| Fair | 26x | $3.60 | -40% |
| Expensive | 38x | $5.35 | -11% |
| Current | 43x | $6.01 | — |
Historical ranges are pointers, not guarantees.
FLO's PE is in its expensive range at 43x. If earnings grow as analysts expect, today's price would be 8.3x next year's earnings, in its cheap range.
FLO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect FLO's earnings to grow, with its revenue and profitability holding steady.
FLO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.72 | +417% |
| Q3 2026 | $0.14 | -85% |
| Q3 2026 | $0.26 | -75% |
| Q2 2026 | $0.35 | -68% |
| Q4 2025 | $0.40 | -66% |
| Q3 2025 | $0.92 | -19% |
| Q2 2025 | $1.04 | +70% |
| Q2 2025 | $1.08 | +83% |
| Q4 2024 | $1.17 | +102% |
FLO's earnings per share have fallen from their peak: $0.14 over the past year, against $1.17 in late 2024.
FLO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | -4.7% |
| Q3 2026 | $1.2B | -4% |
| Q2 2026 | $1.6B | +1.1% |
| Q4 2025 | $1.2B | +11% |
| Q3 2025 | $1.2B | +3% |
| Q2 2025 | $1.2B | +1.5% |
| Q2 2025 | $1.6B | -1.4% |
| Q4 2024 | $1.1B | -1.6% |
FLO's revenue fell from its 2024 peak and has held roughly level since: $1.2B last quarter, down 4.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.8% | -2.7 points |
| Q3 2026 | 5.7% | -1.8 points |
| Q2 2026 | 5.1% | -0.4 points |
| Q4 2025 | -5.8% | -11 points |
| Q3 2025 | 5.4% | -2.2 points |
| Q2 2025 | 7.5% | -0.3 points |
| Q2 2025 | 5.5% | -1 points |
| Q4 2024 | 5.5% | +1.1 points |
FLO's operating margin was 2.8% last quarter, down 2.7 points from the same quarter a year ago.
FLO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $58.3M | +92% |
| Q3 2026 | $109.8M | +9.8% |
| Q2 2026 | $87.2M | -21% |
| Q4 2025 | $78.6M | -7.4% |
| Q3 2025 | $30.4M | -66% |
| Q2 2025 | $100M | +183% |
| Q2 2025 | $110.1M | +53% |
| Q4 2024 | $84.8M | +41% |
FLO generated $334M in free cash flow over the past year, up 2.6% from the year before.
FLO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +179K shares |
| 1 year | +0.3% | +565K shares |
| 3 years | +0.5% | +1.1M shares |
| 5 years | -0.2% | -515K shares |
| Available history | +0.3% | +698K shares |
FLO has 213M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $105,000 |
| Q3 2026 | $37,000 |
| Q2 2026 | $3.8M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q2 2025 | $5.5M |
| Q4 2024 | — |
FLO spent $4M buying back its own shares over the past year, down 29% from the year before.
FLO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.8x | High |
| Q3 2026 | 5.2x | High |
| Q2 2026 | 5.1x | High |
| Q4 2025 | 5.1x | High |
| Q3 2025 | 3.7x | Elevated |
| Q2 2025 | 3.5x | Elevated |
| Q2 2025 | 3.6x | Elevated |
| Q4 2024 | 2.0x | Moderate |
FLO's net debt is about 5.8 years of its operating earnings (EBITDA), up from 3.7 years a year ago.
FLO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.6 | Neutral |
| Stochastic | 40.0 | Neutral |
FLO's weekly RSI is 38 (neutral) and its Stochastic is 40 (neutral).
FLO PE vs Consumer Defensive Sector
| Metric | FLO | Sector median | Relative |
|---|---|---|---|
| PE | 43x | 19x | 120% above |
| PE % | 89 | 18 | 71 pts above |
FLO is trading at 43x earnings, a 120% premium to the Consumer Defensive sector's median of 19x.
FLO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.05 | 0.7% below |
| 20 week MA | $6.79 | 11% below |
| 50 week MA | $8.31 | 28% below |
| 100 week MA | $12.3 | 51% below |
| 200 week MA | $18.1 | 67% below |
FLO is in a downtrend: it's below all five of its weekly moving averages, and 67% below its 200-week average.
FLO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.7 | $23.2 | +6.5% |
| 2021 | $23.2 | $26.9 | +16% |
| 2022 | $26.9 | $29.2 | +8.6% |
| 2023 | $29.2 | $22.5 | -23% |
| 2024 | $22.5 | $20.5 | -9.1% |
| 2025 | $20.5 | $10.9 | -47% |
| 2026 YTD | $10.9 | $6.01 | -45% |
FLO has finished three years in a row lower, and it's down 45% so far in 2026.