Flowers Foods Q2 2026 slides: volume drop drives 19% EBITDA decline

Flowers Foods reported a 4.0% decline in net sales for Q2 2026, driven by a 5.8% volume drop, which led to a 19.2% decrease in adjusted EBITDA to $111.3 million. The company's full-year outlook was also revised downward due to broad-based sales weakness across Branded Retail and Other segments, with the latter segment experiencing a 4.4% sales decline.

Despite these challenges, Flowers Foods outlined a strategic response plan focused on brand relaunch and innovation, including updating the Nature's Own brand and introducing Non-GMO Project Verified status, as well as investing in capital expenditures.

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