Flowers Foods, Inc. Reports Fourth Quarter And Full Year 2015 Results

THOMASVILLE, Ga., Feb. 10, 2016 /PRNewswire/ -- Flowers Foods, Inc., producer of Nature's Own, Wonder,Tastykake, and other bakery foods, today reported financial results for the company's fourth quarter and year ended January 2, 2016and provided guidance for fiscal 2016.

Reported results reflect that the fourth quarter of fiscal 2014 was a 13-week quarter and fiscal 2014 was a 53-week year. The fourth quarter of fiscal 2015 was a 12-week quarter and fiscal 2015 was a 52-week year. The company's fiscal 2016 will also be a 52-week year.

Fiscal 2015 Summary:
Compared to the prior fiscal year -

• Sales increased 0.8% to $3.779 billion.
• Excluding acquisitions and the extra week last year, sales increased 1.2%.
• Adjusted for items affecting comparability, net income per diluted common share (EPS) increased 2.2% to $0.92.
• Adjusted for items affecting comparability, earnings before interest, taxes, depreciation and amortization (EBITDA) increased 2.7% to $440.7 million.
• Dividend increased 17.0% to $0.5675 per share.

Fourth Quarter Summary:
Compared to the prior year fourth quarter -

• Sales decreased 2.2% to $858.4 million.
• Excluding acquisitions and the extra week last year, sales increased 0.5%.
• Adjusted for items affecting comparability, EPS decreased 20.0% to $0.16.
• Adjusted for items affecting comparability, EBITDA decreased 6.7% to $86.7 million.
• Dividend increased 9.4% to $0.145 per share.

For 52-week Fiscal 2016, the Company Expects:

• Sales in the range of $3.986 billion to $4.080 billion, representing growth of approximately 5.5% to 8.0% over fiscal 2015 reported sales of $3.779 billion.
• EPS in the range of $0.98 to $1.04, representing growth of approximately 6.5% to 13.0% over fiscal 2015 adjusted EPS of $0.92. Full report.