In the Q2, Flowers Foods Inc's corporate clients experienced a decline by -11.9 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -14.75 %. During the corresponding time, Flowers Foods Inc saw a revenue deteriorated by -4.02 % year on year, sequentially revenue fell by -24.09 %. While revenue at the Flowers Foods Inc's corporate clients recorded rose by 8.15 % year on year, sequentially revenue grew by 5.64 %.
Customers of Flowers Foods Inc saw their costs of revenue decline by -11.9 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -14.75 %, for the same period Flowers Foods Inc revnue deteriorated by -4.02 % year on year, sequentially revenue fell by -24.09 %.
Flowers Foods Inc's Comment on Sales, Marketing and Customers
Walmart/Sam’s Club, represented 19.3% of the company’s sales. The
loss of, or a material negative change in our relationship with, Walmart/Sam’s
Club or any other major customer could have a material adverse effect on our
business.
Our fresh baked foods customers include mass merchandisers, supermarkets and
other retailers, restaurants, quick-serve chains, food wholesalers, institutions,
dollar stores, and vending companies. We also sell returned and surplus product
through a system of discount bakery stores.
Our Warehouse Segment supplies national and regional restaurants, institutions
and foodservice distributors, and retail in-store bakeries with frozen bakery
products. It also sells packaged bakery products to wholesale distributors for
ultimate sale to a wide variety of food outlets. It sells packaged bakery snack
cakes primarily to customers who distribute the product nationwide through multiple
channels of distribution, including mass merchandisers, supermarkets, vending
outlets and convenience stores. In certain circumstances, we enter into co-packing
arrangements with retail customers or other food companies, some of which are
competitors.
Flowers Foods Inc’s Comment on Sales, Marketing and Customers
Walmart/Sam’s Club, represented 19.3% of the company’s sales. The
loss of, or a material negative change in our relationship with, Walmart/Sam’s
Club or any other major customer could have a material adverse effect on our
business.
Our fresh baked foods customers include mass merchandisers, supermarkets and
other retailers, restaurants, quick-serve chains, food wholesalers, institutions,
dollar stores, and vending companies. We also sell returned and surplus product
through a system of discount bakery stores.
Our Warehouse Segment supplies national and regional restaurants, institutions
and foodservice distributors, and retail in-store bakeries with frozen bakery
products. It also sells packaged bakery products to wholesale distributors for
ultimate sale to a wide variety of food outlets. It sells packaged bakery snack
cakes primarily to customers who distribute the product nationwide through multiple
channels of distribution, including mass merchandisers, supermarkets, vending
outlets and convenience stores. In certain circumstances, we enter into co-packing
arrangements with retail customers or other food companies, some of which are
competitors.
Sources:
Flowers Foods Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Flowers Foods Inc’s corporate clients.
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