FLO

Flowers Foods, Inc.

Consumer


Presented:11/28/2022
Price:$29.76
Cap:$6.28B
Current Price:$23.06
Cap:$4.86B

Presented

Date11/28/2022
Price$29.76
Market Cap$6.28B
Ent Value$6.26B
P/E Ratio28.97x
Book Value$6.80
Div Yield2.89%
Shares O/S211.13M
Ave Daily Vol1,335,545
Short IntN/A

Current

Price$23.06
Market Cap$4.86B
Flowers Foods, Inc. engages in the manufacture and sale of bakery products. The firm offers bakery foods for retail and food service customers in the United States. Its brands include Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Tastykake and Mrs. Freshley's. The company was founded by William Howard Flowers, Sr. and Joseph Hampton Flowers, Jr. in 1919 and is headquartered in Thomasville, GA.

Publicly traded companies mentioned herein: Flowers Foods Inc (FLO)

Highlights 

The presenter, in looking for short ideas, is trying to avoid high short-interest names. Flowers Foods Inc (FLO), a maker of cakes and breads, including Dave’s Killer Bread, is an example of a low short-interest stock (2%) widely thought to be a recession-proof staples company. In reality, FLO has been driving prices up in the current inflationary environment while volumes are collapsing. The reason for the volume degradation is switching potential: Flowers Foods’ products are exposed to a high potential risk of the customer switching to a lower cost alternative brand, and that appears to be happening.

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Idea Discussion

Commentor 1 - 2 weeks ago

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