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Flowers Foods Inc - FLO STOCK NEWS

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), a leading producer of packaged bakery goods including Nature's Own breads and Tastykake snacks, maintains this centralized hub for official news and press releases. Investors and industry observers will find timely updates on financial performance, operational developments, and strategic initiatives shaping the company's position in the U.S. bakery sector.

This resource provides verified information directly from corporate communications, including quarterly earnings disclosures, product innovation announcements, and sustainability initiatives. Key coverage areas include leadership updates, manufacturing expansions, and partnerships impacting both retail and foodservice channels.

Bookmark this page to stay informed about Flowers Foods' evolving market strategy through press releases detailing new product launches, operational efficiency programs, and consumer trend responses. All content is curated to meet investor needs for accurate, up-to-date information on one of America's most established bakery producers.

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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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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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Flowers Foods, Inc. (NYSE: FLO) is set to release its first quarter 2024 financial results on May 16, 2024. The company will host a live webcast for Q&A at 5:00 p.m. Eastern. Flowers Foods is a leading producer of packaged bakery foods in the U.S., boasting strong brands like Nature's Own and Dave's Killer Bread.

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Tastykake® announces a collaboration with The Garfield Movie™, offering -edition snacks and packaging. The promotion features a line of Garfield-themed treats like Cat Nap Cupcakes and a national sweepstakes with grand prizes. The collaboration aims to bring joy, humor, and delicious treats to fans of both brands.

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Nature's Own, America's leading bread brand, introduces four new products to cater to diverse consumer preferences: Keto Bun, Perfectly Crafted Flatbread, Small Loaf Homestyle White, and Ancient Grain. The products are designed to meet the demand for high-quality, fresh baked goods that align with various dietary restrictions. The brand focuses on consumer feedback to innovate and deliver products that resonate with the market.
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Dave's Killer Bread® introduces Organic Rock 'N' Rolls®, a new product catering to the increasing demand for diverse bread options. These rolls are made with quality organic ingredients, offering 12g of whole grains, 3g fiber, and 5g protein per serving. Priced at $6.99 for a 12ct package, they are Certified USDA Organic, Non-GMO Project Verified, and free from artificial ingredients.
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Flowers Foods, Inc. executives to participate in BofA Securities 2024 Consumer & Retail Conference on March 13, 2024.
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Flowers Foods, Inc. (FLO) declares a quarterly dividend of $0.23 per share, marking a 4.5% increase from the previous year. The company has a strong dividend history with 86 consecutive quarters of payouts.
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Flowers Foods, Inc. (FLO) reported a 5.9% increase in sales to a record $5.091 billion for fiscal 2023, with a 46.0% decrease in net income due to increased legal settlement expense. The 12-week fourth quarter saw a 4.3% increase in sales to a record $1.129 billion, with a 26.6% decrease in net income. The company's outlook for fiscal 2024 includes sales growth of 0.0% to 1.6%, adjusted EBITDA of $524 million to $553 million, and adjusted diluted EPS of $1.20 to $1.30. Flowers Foods also highlighted improvements in margins and volume trends, along with strong performance in the cake, foodservice, and private label businesses.
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Flowers Foods, Inc. (NYSE: FLO) is set to announce its Q4 and full year 2023 financial results on February 8, 2024, followed by a live Q&A webcast on February 9, 2024. The webcast, press release, pre-recorded remarks by management, and slide presentation will be available on the company's investor page. Investor Contact: Eric.Jacobson@flocorp.com
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Flowers Foods Inc

NYSE:FLO

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FLO Stock Data

3.86B
194.74M
7.69%
75.23%
5.93%
Packaged Foods
Food and Kindred Products
Link
United States
THOMASVILLE