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, Inc. (NYSE: FLO) announced the appointment of Cindy Cox as the new chief human resources officer (CHRO), effective February 6, 2023. Reporting to president and CEO A. Ryals McMullian, Cox will lead the HR organization, succeeding Tonja Taylor, who plans to retire in early summer 2023 after nearly 25 years with the company. Cox brings over 27 years of experience from companies like Carrier Corporation and Pratt & Whitney, with a strong background in talent management and employee relations. She holds degrees in psychology, human resources management, and law.
Flowers Foods (NYSE: FLO) will announce its fourth quarter and full year 2022 results on February 9, 2023, after market close. This release will include a press statement, pre-recorded management remarks, and a supporting slide presentation. Following this, a live Q&A webcast is scheduled for February 10, 2023, at 8:30 a.m. Eastern, expected to last 30 minutes. Interested parties can access the materials and webcast at www.flowersfoods.com/investors. Flowers Foods is a leading producer of packaged bakery foods in the U.S. with 2021 sales of $4.3 billion.
Flowers Foods (NYSE: FLO) has announced an agreement to acquire Papa Pita Bakery, enhancing its position in the baked goods market. Papa Pita, known for its quality bagels and tortillas, operates a 270,000 sq. ft. facility in West Jordan, Utah. The acquisition, pending regulatory approval, aims to expand Flowers' geographic reach and leverage manufacturing synergies. Flowers plans to fund the transaction through cash and existing credit. This move aligns with Flowers' strategy of growth and operational excellence within the competitive bakery industry.
Flowers Foods, Inc. (NYSE: FLO) declared a quarterly dividend of $0.22 per share, marking a 4.8% increase from the previous year. This dividend represents the 81st consecutive quarterly payment and is scheduled for December 16, 2022, for shareholders recorded by December 2, 2022. With 2021 sales of $4.3 billion, Flowers Foods continues to be a leading producer of packaged bakery foods in the U.S., offering popular brands like Nature's Own and Dave's Killer Bread.
Flowers Foods, Inc. reported a 12.7% increase in sales for Q3 FY2022, reaching a record $1.158 billion, despite inflation pressures. Net income rose 4.3% to $40.5 million, while adjusted net income slightly decreased by 0.4% to $64.6 million. Adjusted EBITDA also increased 1.6% to $120.4 million. The company's 2022 sales outlook is between $4.807 billion and $4.850 billion, reflecting an 11-12% increase compared to last year. CEO Ryals McMullian highlighted strong brand performance and future investments in innovation.
Flowers Foods will release its third quarter 2022 financial results on November 10, 2022, after market close. A press release, management remarks, and slide presentation will be available then. A live Q&A webcast is scheduled for November 11, 2022, at 8:30 a.m. Eastern, lasting approximately 30 minutes. Access to the webcast and related materials will be provided on the company's investor website. Flowers Foods is a major U.S. producer of packaged bakery foods, recording $4.3 billion in sales for 2021.
Wonder Bread partners with the 96th Macy's Thanksgiving Day Parade to celebrate its 101st anniversary, introducing a unique airship float named The Wondership. In conjunction with this celebration, Wonder Bread plans to donate 10,000 loaves of Classic White Bread to City Harvest, New York's major food rescue organization. The float will debut during the parade airing on Nov. 24, 2022. Additionally, Wonder Bread has initiated a social media sweepstakes for a chance to win a trip to New York City for the parade, running until Oct. 31, 2022.
Flowers Foods, Inc. (NYSE: FLO) is recalling Tastykake and Mrs. Freshley's glazed pies due to undeclared soy, which poses serious health risks to those with soy allergies. The recall affects products distributed from Sept. 26 to Oct. 6, 2022, with 'Enjoy By' dates from Oct. 28 to Nov. 7, 2022. No illnesses have been reported. Consumers are advised to discard the affected products or return them for a refund. For inquiries, contact Flowers' Consumer Relations Center.
Flowers Foods, Inc. (NYSE: FLO), a prominent U.S. bakery producer, will host a webcast of its fireside chat at the 2022 Barclays Global Consumer Staples Conference on September 8 at 2:15 p.m. ET. Executives Ryals McMullian and Steve Kinsey will represent the company. In 2021, Flowers reported $4.3 billion in sales and is known for brands such as Nature's Own and Dave's Killer Bread. More webcast details are available at flowersfoods.com/investors/events-and-presentations.
Flowers Foods, Inc. (NYSE: FLO) has declared a quarterly dividend of $0.22 per share, marking a 4.8% increase from the previous year. This dividend, the 80th consecutive payment, will be distributed on September 16, 2022, to shareholders of record on September 2, 2022. The company reported $4.3 billion in sales for 2021 and is recognized as a leading producer of packaged bakery products in the U.S.
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