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Flowers Foods (MX:FLO)
:FLO
Mexico Market
EarningsQ2 2026 Earnings Report

Flowers Foods (FLO) Q2 2026 Earnings Report

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MX:FLO Q2 2026 EPS Results

Actual EPS$3.63
Consensus EPS$3.88
Beat/MissMissed by -$0.26
One Year Ago EPS$5.18

MX:FLO Q2 2026 Revenue Results

Actual Revenue$20.60B
Expected Revenue$21.22B
Beat/MissMissed by -$627.01M
YoY Revenue Growth-4.02%

Earnings Announcement Details

QuarterQ2 2026
Date08/20/2026
TimeAfter Close
Conference CallThursday, August 20, 2026
MX:FLO Upcoming Earnings
Flowers Foods's next earnings date is estimated for November 5, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

MX:FLO Q2 2026 Earnings Call
0:00 / 0:00

Q2 2026 Earnings Slide Deck

Q2 2026 Earnings Call Summary

Q2 2026
Earnings Call Date:Aug 20, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call conveyed a balanced view: significant near‑term challenges including a large 9.5% fresh bread volume decline, competitive and promotional pressure, and potential inflation risks for 2027, balanced by meaningful actions — sizable historical cost reductions (~$200M), additional back‑half cost measures, a ~$20M tailwind into 2027, material new business wins, and an active innovation and brand relaunch program (Nature's Own) that show early positive signs. Management acknowledges the work required and provided a clear plan to drive stabilization across product innovation, pricing/promotions review and execution.
Company Guidance
On the Q2 FY2026 call Flowers Foods said results missed expectations, citing a 9.5% year‑over‑year decline in fresh bread volume, and guided to year‑over‑year declines in Q3 with normalization in Q4 as back‑half initiatives ramp; cited metrics and drivers include substantial new business wins coming in Q3/Q4 (across Away‑from‑Home and retail), roughly $200 million of cumulative cost reductions taken over prior years plus additional back‑half savings, an estimated ~$20 million tailwind into fiscal 2027 from recent actions, most commodities for the remainder of 2026 being fully hedged (with packaging exposed to oil/diesel/resin), and product/marketing levers (Nature’s Own relaunch, innovation in half‑loaves/sourdough/protein and normalized promo cadence) intended to support recovery—noting sourdough is now a ~$1.3 billion subcategory—while fiscal 2027 planning is ongoing and no specific 2027 targets were provided.
Cost Reductions and Productivity
Company has removed roughly $200 million of cost from the business over the last several years and implemented additional cost savings measures that will benefit the back half of FY2026; management cited ~ $20 million of tailwind that will carry into FY2027 from actions taken.
New Business Wins Driving Back-Half Improvement
Management expects significant new business wins coming in the back half of 2026 across both Away‑from‑Home and retail branded businesses that will contribute to sequential stabilization and improved performance.
Innovation Pipeline to Address Consumer Shifts
Accelerating product innovation focused on smaller formats, half loaves, sourdough and protein/fiber offerings to better align with shifting consumer preferences and plug gaps in the portfolio.
Nature's Own Relaunch Showing Early Positive Feedback
Nature's Own relaunch has been live for a couple months and is receiving strong early feedback from customers and social channels; management expects marketing investments to stabilize the brand over time.
Gross Margin Resilience Despite Volume Pressure
Gross margin held up relatively well despite a large unit volume decline, with management attributing resilience to price/mix, restructuring benefits and in‑bakery productivity improvements.
Sourdough Subcategory Growth Opportunity
Company highlighted sourdough as a fast-growing subcategory (cited as a ~$1.3 billion subcategory) and plans to expand sourdough distribution and innovation (Dave's Killer Bread currently has sourdough primarily on the West Coast).

MX:FLO Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Nov 05, 2026
2026 (Q3)
2.73 / -
3.971
2026 (Q2)
3.88 / 3.63
5.18-30.00% (-1.55)
2026 (Q1)
4.58 / 5.01
6.043-17.14% (-1.04)
2025 (Q4)
2.66 / 3.80
3.7980.00% (0.00)
2025 (Q3)
3.94 / 3.97
5.698-30.30% (-1.73)
2025 (Q2)
5.11 / 5.18
6.216-16.67% (-1.04)
2025 (Q1)
6.41 / 6.04
6.561-7.89% (-0.52)
2024 (Q4)
3.54 / 3.80
3.45310.00% (+0.35)
2024 (Q3)
5.08 / 5.70
5.00713.79% (+0.69)
2024 (Q2)
5.75 / 6.22
5.6989.09% (+0.52)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed