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.
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.
The Tastykake brand has announced the launch of new Mini Bundt Cakes in two flavors: Chocolate Chocolate Chip and Strawberry Flavored. Available nationwide, these cakes come in a pantry-ready box priced at $5.29, containing five pouches of four mini bundts, perfect for snacking on the go. Brand manager Ashley Hornsby expressed excitement about the new product, emphasizing its convenience for everyday indulgence. Tastykake continues to expand its offerings alongside other popular items like Kandy Kakes and Krimpets.
Flowers Foods, Inc. (NYSE: FLO) reported a 11.0% increase in sales to $1.129 billion for the second quarter ending July 16, 2022. However, net income declined 4.8% to $53.7 million, while adjusted EBITDA decreased 1.8% to $120.0 million. Despite these declines, the company is optimistic, increasing its earnings outlook and dividend. CEO Ryals McMullian highlighted the resiliency of their brands amid inflationary pressures, with a focus on pricing and efficiency improvements that helped maintain margins.
Flowers Foods will announce its second quarter 2022 financial results on August 11, 2022, after market close. A press release and supplemental materials will be available at that time. A live Q&A webcast is scheduled for August 12, 2022, at 8:30 a.m. Eastern, lasting approximately 30 minutes. The company, headquartered in Thomasville, GA, is a major player in the packaged bakery foods sector, with 2021 sales of $4.3 billion. Key brands include Nature's Own, Dave’s Killer Bread, and Wonder.
Flowers Foods, Inc. (NYSE: FLO) announced the retirement of COO Bradley K. Alexander, effective December 31, 2022, after 41 years with the company. Heeth Varnedoe, the current chief transformation officer, will succeed him on January 1, 2023. Varnedoe has held various management roles since joining Flowers in 1990, showcasing strong leadership skills essential for the company’s ongoing digital transformation.
Flowers Foods is a leading U.S. bakery producer, with 2021 sales reaching $4.3 billion.
Flowers Foods (NYSE: FLO) announced a quarterly dividend increase of $0.22 per share, up 4.8% from last year, marking the 79th consecutive dividend payment. This raises the annualized rate to $0.88. The dividend is payable on June 23, 2022, for shareholders of record on June 9, 2022. Additionally, the board approved a 20 million share increase in share repurchase authorization, bringing total capacity to 25.4 million shares. CEO Ryals McMullian emphasized strong cash flow and a commitment to enhancing shareholder returns.
Flowers Foods reported a record first-quarter sales increase of 10.3% to $1.436 billion for the 16-week period ending April 23, 2022. Net income rose 19.4% to $85.6 million, while adjusted EBITDA reached $165.5 million, up 2.4%. The company expects fiscal 2022 sales between $4.764 billion and $4.850 billion, reflecting a potential 10% to 12% increase. Challenges include inflation and supply chain disruptions, expected to impact EPS by five cents in Q2 and Q3. Strong market fundamentals support the company's positive outlook.
Flowers Foods (NYSE: FLO) will announce its first quarter 2022 financial results on May 19, 2022, after market close. A press release and supporting materials will be available at that time. A live question-and-answer webcast is scheduled for May 20, 2022, at 8:30 a.m. Eastern, lasting approximately 30 minutes. With 2021 sales of $4.3 billion, Flowers Foods is a leading producer of packaged bakery foods in the U.S., operating bakeries that produce well-known brands like Nature's Own and Wonder.
Dave's Killer Bread has launched its new Epic Everything® Organic Breakfast Bread, designed to cater to the growing breakfast market, valued at
Flowers Foods, Inc. (NYSE: FLO) has declared a quarterly dividend of $0.21 per share, a 5% increase from the same quarter last year. This marks the company's 78th consecutive quarterly dividend. The dividend is payable on March 18, 2022, to shareholders of record on March 4, 2022. In 2021, Flowers Foods reported sales of $4.3 billion, positioning itself as a leading producer of packaged bakery foods in the United States.
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