Welcome to our dedicated page for Flowers Foods news (Ticker: FLO), a resource for investors and traders seeking the latest updates and insights on Flowers Foods stock.
Flowers Foods, Inc. (NYSE: FLO), headquartered in Thomasville, Georgia, is a leading producer and marketer of packaged bakery goods in the United States. With 2023 sales totaling $5.1 billion, Flowers Foods operates numerous bakeries across the country that deliver an extensive range of bakery products, including fresh breads, buns, rolls, snack cakes, pastries, and tortillas. The company's products are distributed to retail and foodservice customers nationwide, making them widely accessible through supermarkets, convenience stores, and restaurants.
Flowers Foods boasts an impressive portfolio of top brands, including Nature's Own, Wonder, Dave's Killer Bread, Tastykake, Cobblestone Bread, Canyon Bakehouse, and Mrs. Freshley's. Additionally, the company markets popular regional brands such as Merita, Home Pride, Butternut, and Evangeline Maid. Flowers Foods' products are well-loved for their quality and taste, catering to a diverse consumer base.
In 2023, Flowers Foods recorded outstanding financial performance, driven by the effectiveness of its brand portfolio strategy and strong operational execution. The company's flagship brand, Dave's Killer Bread, achieved a milestone with record retail sales of $1 billion. Flowers Foods continually seeks to innovate, introducing new products to expand its market presence. Recent examples include the launch of Nature's Own Keto loaf and Dave's Killer Bread Snack Bars, which have been well-received by consumers.
Flowers Foods is committed to enhancing productivity and efficiency through various initiatives, including the deployment of an upgraded enterprise resource planning (ERP) system and other digital advancements. These efforts aim to streamline operations, reduce costs, and ultimately boost margins. The company also focuses on corporate responsibility and sustainability, working to achieve its environmental, social, and governance (ESG) goals.
Key financial highlights for fiscal 2023 include cash flow from operating activities of $349.4 million, capital expenditures of $129.1 million, and dividends paid to shareholders totaling $195.2 million. Flowers Foods' strong financial position allows it to invest in growth opportunities while delivering value to its shareholders.
Flowers Foods remains dedicated to innovation, marketing, and expanding its distribution network. The company has recently collaborated with Victory Brewing Company to create the Tastykake Koffee Kake Ale, a unique product that combines the flavors of Tastykake's Koffee Kake Cupcake with a sweet ale, available in select retailers. This collaboration exemplifies Flowers Foods' commitment to creativity and expanding its brand reach.
Looking ahead, Flowers Foods maintains a positive outlook for 2024, anticipating benefits from moderating commodity costs, positive pricing actions, and ongoing savings initiatives. The company is focused on maximizing shareholder value and driving results in line with its long-term financial targets.
Flowers Foods (NYSE: FLO) has declared a quarterly dividend of $0.24 per share, representing a 4.3% increase from the same quarter last year. The dividend will be paid on December 13, 2024, to shareholders of record on November 29, 2024. This marks the company's 89th consecutive quarterly dividend payment. Flowers Foods, headquartered in Thomasville, Ga., is a major U.S. packaged bakery foods producer with $5.1 billion in sales for 2023, producing brands including Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, and Tastykake.
Flowers Foods (NYSE: FLO) reported Q3 2024 financial results with net sales decreasing 0.7% to $1.191 billion. Net income increased significantly to $65.0 million, while adjusted net income rose 12.4% to $69.3 million. Adjusted EBITDA grew 10.0% to $133.3 million, representing 11.2% of net sales. The company narrowed its FY2024 guidance, now expecting net sales growth of 0.5% to 1.1% ($5.116-5.147 billion) and adjusted diluted EPS of $1.24-1.28.
Flowers Foods (NYSE: FLO) has announced it will release its third quarter 2024 financial results on Friday, November 8, 2024, at 7:00 a.m. Eastern. The company will host a live Q&A webcast at 8:30 a.m. Eastern on the same day. The webcast, press release, pre-recorded management remarks, and supporting slides will be available at investors.flowersfoods.com. Flowers Foods, based in Thomasville, GA, is a major U.S. packaged bakery foods producer with 2023 sales of $5.1 billion. Their portfolio includes brands like Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, and Tastykake.
Flowers Foods (NYSE: FLO) announced its participation in the Barclays Global Consumer Staples Conference on September 5, 2024. Ryals McMullian, chairman and CEO, and Steve Kinsey, CFO and CAO, will engage in a fireside chat at 10:30 a.m. ET. A live audio webcast will be available on the company's investor relations website, with a replay option post-conference.
Flowers Foods, headquartered in Thomasville, Georgia, is a major U.S. packaged bakery foods producer, with 2023 sales of $5.1 billion. The company operates bakeries nationwide, producing various bakery products. Its top brands include Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, and Tastykake.
Nature's Own, America's top-selling bread brand, has announced a multi-year partnership with the Dallas Cowboys, becoming a Proud Partner of the team. The collaboration aims to create authentic experiences for fans, starting with a VIP tailgate party at AT&T Stadium on Sept. 22, 2024. Nature's Own is launching a sweepstakes offering a chance to win tickets to this event, including game access and tailgate privileges.
The brand will also host a pop-up at AT&T Plaza before the game, offering prizes and branded merchandise. Additionally, a retail promotion in Texas and Oklahoma will give consumers the opportunity to win Dallas Cowboys season tickets for 2025. Nature's Own aims to increase brand awareness and position itself as the top choice for tailgating season through these initiatives.
Flowers Foods (NYSE: FLO) has declared a quarterly dividend of $0.24 per share, representing a 4.3% increase from the same quarter last year. This marks the company's 88th consecutive quarterly dividend. The dividend is payable on September 20, 2024, to shareholders of record on September 6, 2024.
Flowers Foods, headquartered in Thomasville, Georgia, is a major producer of packaged bakery foods in the United States. The company reported sales of $5.1 billion in 2023. Its top brands include Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, and Tastykake. Flowers operates bakeries nationwide, producing a wide range of bakery products.
Flowers Foods (NYSE: FLO) reported its Q2 2024 financial results, showing a slight 0.2% decrease in sales to $1.225 billion. Despite this, the company saw improvements in profitability metrics. Net income increased 5.0% to $67.0 million, while adjusted EBITDA rose 7.8% to $143.5 million, representing 11.7% of sales. Diluted EPS increased to $0.32, and adjusted diluted EPS rose to $0.36.
The company maintained its 2024 financial outlook, projecting sales between $5.091 billion and $5.172 billion, and adjusted EBITDA ranging from $524 million to $553 million. Flowers Foods' brands outperformed the fresh packaged bread category, gaining market share in both units and dollars. The company continues to focus on improving profitability through cost-saving initiatives and new business wins.
Dave's Killer Bread, the leading organic bread brand, has launched its Amped-Up Organic Protein Bars nationwide. These grab-and-go snacks combine whole grain nutrition, plant-based protein, and great taste to help combat procrastination and boost energy. The bars come in three flavors: Peanut Butter Chocolate Chunk, Double Chocolate Coconut, and Blueberry Almond Butter.
Each bar provides 10g of protein, 4-5g of fiber, and 6-8g of whole grains. They are Certified USDA Organic, Non-GMO Project Verified, and free from artificial ingredients. Available in 4-count packages for $8.79 and single-serve bars for $2.49, they can be found in grocery stores, mass retailers, convenience stores, and on Amazon.
Flowers Foods (NYSE: FLO) has announced it will report its second quarter 2024 financial results on Friday, August 16, 2024, at 7:00 a.m. Eastern. The company will host a live question and answer webcast at 8:30 a.m. Eastern the same day. Investors can access the webcast, press release, pre-recorded management remarks with transcript, and supporting slide presentation at investors.flowersfoods.com. A replay will be available at the same link following the event.
Flowers Foods, headquartered in Thomasville, Ga., is one of the largest producers of packaged bakery foods in the United States, with 2023 sales of $5.1 billion. The company operates bakeries nationwide, producing a wide range of products under popular brands such as Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, and Tastykake.
Flowers Foods (NYSE: FLO) announced an increase in its quarterly dividend to $0.24 per share, marking a 4.3% rise over the same quarter last year. This is the 87th consecutive quarterly dividend, payable on June 20, 2024, to shareholders of record on June 6, 2024. The annualized dividend rate has been elevated to $0.96 per share from $0.92. CEO Ryals McMullian emphasized the company's commitment to delivering earnings growth and enhancing shareholder returns, underpinned by a robust balance sheet and strong cash flow. Flowers Foods, a major U.S. bakery producer, reported $5.1 billion in sales for 2023.
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