Major shift to branded sales at Flowers Foods in third quarter

摘要

THOMASVILLE, GA. — A dramatic swing from private label to branded retail sales and a 36% increase in adjusted net income stood out in third-quarter financial results of Flowers Foods, Inc.Flowers net income in the third quarter ended Oct. 3 was $44.35 million, equal to 21 $ per share on the common stock, up 2.3% from $43.36 million, or 20e per share, in the third quarter of 2019. Net sales were $989.65 million, up 2.4%, from $966.56 million.Beneath the relatively modest changes in net profits and sales were dramatic underlying shifts in each.