Flowers Foods, Inc. Reports Fourth Quarter And Full Year 2020 Results
Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Tastykake, and other bakery foods, today reported financial results for the company's 53-week fiscal 2020 and 13-week fiscal fourth quarter ended January 2, 2021. Fiscal 2020 Summary: Sales increased 6.4% to $4.388 billion. The additional week contributed 1.8%. Net income decreased 7.4% to $152.3 million. Adjusted net income increased 36.1% to $278.0 million. Adjusted EBITDA(1) increased 23.4% to $521.7 million, representing 11.9% of sales, a 160-basis point increase. Diluted EPS decreased $0.06 to $0.72. Adjusted diluted EP...
Source: prnewswire.com