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.
Company Overview
Flowers Foods Inc (NYSE: FLO) stands as one of the most recognizable names in the packaged bakery foods industry. The company specializes in producing and marketing a wide variety of baked goods including breads, buns, rolls, snack cakes, pastries, and tortillas. Its operations are designed to service both retail and foodservice channels, making its products widely accessible across the United States.
Core Operations and Manufacturing
At the heart of Flowers Foods Inc are its efficient manufacturing facilities. With a network of highly efficient bakeries strategically located to serve extensive regions of the country, the company consistently delivers fresh and frozen bakery items. The production processes are optimized for quality and efficiency, ensuring that every product meets rigorous standards. This operational excellence not only underpins its market reputation but also supports its extensive distribution framework.
Brand Portfolio and Product Diversity
Flowers Foods Inc boasts a diversified portfolio of well-known brands that resonate with consumers in different market segments. Among its top brands are Natures Own, Dave's Killer Bread, Wonder, and Tastykake. The company’s extensive catalog also includes regional names that provide consumers with a variety of choices, from traditional bakery items to innovative better‐for‐you snack options. This multi-brand strategy not only caters to varied consumer preferences, but it also reinforces the company's position as an enduring industry staple.
Distribution Network and Market Reach
Through a well-established network of independent distributors, Flowers Foods Inc ensures that its products reach a vast majority of the U.S. population. This network facilitates widespread access to fresh bakery goods as well as frozen items delivered to warehouses nationwide. The efficiency of the company’s distribution system is pivotal to its ability to serve both major retail chains and foodservice accounts, maintaining a consistently strong market presence.
Market Position and Competitive Landscape
Flowers Foods Inc is recognized for its strategic positioning in the highly competitive bakery sector. By continuously investing in quality, innovation, and marketing initiatives, the company not only maintains robust performance in traditional bakery segments but also effectively bridges its operations into better‐for‐you segments. Its emphasis on operational efficiency, strong brand identities, and a comprehensive distribution strategy positions the company as a key player within the industry. This depth of expertise is evident through its measured approach to enhancing profitability, diversifying product offerings, and expanding market share against competitors.
Innovation and Strategic Expansion
Innovation is woven into the fabric of Flowers Foods Inc's business model. The company actively invests in new product development, marketing strategies, and efficiency initiatives to respond to evolving consumer tastes and economic conditions. Strategic acquisitions have further diversified its product portfolio, enabling a targeted entry into more health-conscious and better‐for‐you markets. Such moves not only sustain its continued relevance but also signal a commitment to evolving alongside consumer demands.
Commitment to Quality and Industry Expertise
Drawing on decades of experience in the bakery sector, Flowers Foods Inc maintains a focus on high-quality production practices and robust supply chain management. Its deep sector expertise and a consistent drive toward operational excellence have earned it a reputation for trustworthiness and dependability, essential qualities in an industry where consumer preferences and market conditions continually change.
Summary
Flowers Foods Inc sets itself apart with a blend of efficient manufacturing, a widely recognized brand portfolio, and an expansive distribution network. Through strategic innovation and careful market positioning, the company serves as a cornerstone in the U.S. packaged bakery food industry, offering sustained quality and breadth in product offerings while addressing the diverse needs of consumers across both retail and foodservice channels.
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.
Flowers Foods (NYSE: FLO) reported a robust first quarter for 2024. Sales increased by 2.8% to $1.577 billion, setting a new first-quarter record. Net income rose 3.3% to $73 million, driven by lower input costs and prior-year price increases, offset by higher selling, distribution, and administrative expenses.
Adjusted net income fell by 0.8% to $80.3 million, while adjusted EBITDA grew by 5.5% to $159.4 million, representing 10.1% of sales. Diluted EPS increased by $0.01 to $0.34, with adjusted diluted EPS steady at $0.38.
Chairman and CEO Ryals McMullian highlighted the successful execution of their portfolio strategy and marketing investments, noting gains in market share and improved branded retail volumes. Flowers Foods maintains its 2024 outlook, expecting sales between $5.091 billion and $5.172 billion, adjusted EBITDA between $524 million and $553 million, and adjusted diluted EPS between $1.20 and $1.30.
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