Flowers Foods IncFLO

Flowers Foods Inc. is not a tech start-up; it is a 120-year-old bakery that still prints its annual report on paper so thick it could double as a dinner plate. The company’s latest 10-Q shows $1.57 billion in revenue for the quarter to 26 April 2026, a figure that lands with the quiet thud of a tray of unsliced bread dropped on a delivery yard floor. (source: 10-Q, https://www.sec.gov/Archives/edgar/data/1128928/000119312526234437/flo-20260425.htm)

The business makes bread, buns, and rolls under brands like Nature’s Own, Dave’s Killer Bread, and Tastykake, plus European Bakers products sold through foodservice distributors to restaurants. The product range is wide enough to stock a small supermarket aisle, yet the company’s R&D budget-$9,300 for the full year to 3 January 2026-could not purchase a single focus group to taste-test a new bagel flavour. (source: 10-K, https://www.sec.gov/Archives/edgar/data/1128928/000119312526275980/d287911d11k.htm)

Profitability in the quarter was $42.1 million, with operating income of $79.8 million, but the cash conversion story is less appetising: net cash from operations was $107.9 million, while the company spent $20.6 million on plant and equipment and still ended the quarter with only $11.5 million in cash and cash equivalents. Inventory sat at $199.5 million, down a modest $407,000 from the prior quarter, suggesting that either demand is stable or the ovens are running cool. (source: 10-Q, https://www.sec.gov/Archives/edgar/data/1128928/000119312526234437/flo-20260425.htm)

For a broader picture, the latest SEC submissions JSON for Flowers Foods (CIK 0001128928) lists its public filings and can be scanned here: https://data.sec.gov/submissions/CIK0001128928.json. The company’s XBRL company facts endpoint shows the granular data points behind the headline numbers and can be parsed here: https://data.sec.gov/api/xbrl/companyfacts/CIK0001128926.json. No chart levels are implied or suggested by these sources. (source: SEC submissions JSON, https://data.sec.gov/submissions/CIK0001128928.json)

The operating environment remains competitive and credit-sensitive, with the 10-Q flagging ‘the credit, business, and legal risks associated with IDPs and customers, which operate in the highly competitive retail food and foodservice industries.’ The company also disclosed it ceased production at one bakery site on 16 April 2025, a detail that lands like a baguette dropped from a height. (source: 10-Q, https://www.sec.gov/Archives/edgar/data/1128928/000119312526234437/flo-20260425.htm)