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Flowers FOODS Exhibit 99.1 FLOWERS FOODS , INC . REPORTS SECOND QUARTER 2026 RESULTS THOMASVILLE , Ga . , August 20 , 2026 - Flowers Foods , Inc. ( NYSE : FLO ) today reported financial results for the company's 12 - week second quarter ended July 18 , 2026 . Second Quarter Summary : Compared to the prior year second quarter where applicable ( 1 ) Net sales decreased 4.0 % to $ 1.193 billion as favorable price / mix was more than offset by lower volume . Net income decreased 30.3 % to $ 40.7 million , representing 3.4 % of sales , a 130 - basis point decrease , primarily due to a challenging consumer environment , increased marketing expense , and increases in labor and freight costs , partly offset by lower interest expense and moderating ingredient costs . Adjusted net income ( 2 ) decreased 30.5 % to $ 44.1 million . Adjusted EBITDA ( ² ) decreased 19.2 % to $ 111.3 million , representing 9.3 % of net sales , a 180 - basis point decrease . Diluted EPS decreased $ 0.09 to $ 0.19 . Adjusted diluted EPS ( 2 ) decreased $ 0.09 to $ 0.21 . Chairman and CEO Remarks : " Our second quarter results reflect the continued challenges across the fresh packaged bread category , where macroeconomic pressures , evolving consumer purchasing behavior , and sustained competitive activity created a more difficult operating environment than we anticipated , " said Ryals McMullian , chairman and CEO of Flowers Foods . " While these headwinds weighed on our performance , they also reinforced the actions we are taking to strengthen our competitiveness and improve execution . " Against this backdrop , we are accelerating initiatives already underway to improve our performance and better align our resources with the opportunities that we believe will create the greatest long - term value . That includes sharpening our value proposition , improving in - store execution , accelerating innovation , winning new business opportunities , and continuing to invest behind our leading brands . " The relaunch of Nature's Own is an important example of that strategy in action . Early feedback from customers and distribution partners has been excellent , particularly around the brand's simpler ingredients , stronger better - for - you positioning , and Non - GMO Project Verified offering at national scale . While this initiative remains in its early stages and has not yet meaningfully contributed to results , positive customer feedback and the brand's growing presence in the better - for - you segment reinforce our confidence in Nature's Own's ability to extend its category leadership over time . " In addition , consistent with the findings in our comprehensive review , we are taking select actions to further realign our organization and improve our cost structure . These actions are intended to simplify our operations , improve execution , and better position the company to respond to evolving consumer needs . " Given our first - half performance and the current category environment , we are updating our full - year outlook to reflect a more cautious view for the balance of 2026. While near - term conditions remain challenging , we are confident that the actions underway will strengthen our top - line trajectory and better position our portfolio to meet evolving consumer demand . " Revised Outlook : 52 - week Fiscal 2026 , the Company Expects : Net sales of approximately $ 5.070 billion to $ 5.142 billion , representing a -3.5 % to -2.2 % change compared to the prior year . Prior guidance called for net sales of approximately $ 5.163 billion to $ 5.267 billion . Adjusted EBITDA ( 3 ) in the range of approximately $ 453 million to $ 481 million , compared to prior guidance of $ 465 million to $ 495 million . Adjusted diluted EPS ( 2 ) of approximately $ 0.75 to $ 0.85 per share , compared to prior guidance of $ 0.80 to $ 0.90 per share . The company's outlook is based on the following assumptions : Depreciation and amortization of approximately $ 165 million to $ 170 million . • • Net interest expense of approximately $ 65 million to $ 70 million . An effective tax rate of approximately 26 % . Weighted average diluted share count for the year of approximately 213.5 million shares . • Capital expenditures of approximately $ 115 million to $ 125 million .