Flowers Foods releases transcript of Q2 2026 results prepared remarks
FLO•Adjusted EBITDA and EPS decline
Adjusted EBITDA dropped 19% to $111 million. Adjusted diluted EPS was $0.21, compared with $0.30 a year earlier.
Prepared remarks posted for Q2 2026 results
Flowers Foods posted prepared remarks for its Q2 2026 results, featuring Chairman and CEO Ryals McMullian, CFO Anthony Scaglione and EVP J.T. Rieck.
Full-year guidance lowered and cost actions outlined
Full-year guidance was cut to net sales of $5.07 billion to $5.14 billion, adjusted EBITDA of $453 million to $481 million, and adjusted EPS of $0.75 to $0.85.
Cost actions from the comprehensive review target $9 million in savings in 2026 and a $20 million annual run-rate, with one-time costs of about $6 million.
Management cites category pressure and volume declines
Management cited intensified category pressure, trade-down, format shifts and promotions. Net sales fell 4% on volume down 6%.
