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) 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.
On Aug. 15, 2022, Flowers Foods (NYSE: FLO) appointed David Roach as Chief Strategic Projects Officer. Roach, who has nearly 30 years of experience at Flowers and was previously the President of Cake Operations, will lead strategic initiatives while reporting to Brad Alexander, COO. The restructuring also involves Tom Winters, now overseeing cake operations. Flowers Foods is a leading producer of bakery foods in the U.S., with 2021 sales of $4.3 billion. For more details, visit flowersfoods.com.
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