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) reported its fiscal 2021 financial results, revealing a 1.3% decline in sales to $4.331 billion. Despite a decrease in sales, net income surged 35.4% to $206.2 million. For Q4, sales fell 3.9% to $983.5 million, with a 29.6% drop in net income at $39.3 million. The company anticipates fiscal 2022 sales of $4.660-$4.695 billion, driven by innovation and pricing strategies to counter inflation. CEO Ryals McMullian highlighted the company's resilience in a challenging environment and a focus on maximizing shareholder value.
Flowers Foods (NYSE: FLO) is set to announce its fourth quarter and full year 2021 financial results on February 10, 2022, following market closure. A live webcast for Q&A will occur on February 11, 2022, at 8:30 a.m. Eastern. The company, headquartered in Thomasville, GA, is a leading producer of packaged bakery foods in the U.S., achieving $4.4 billion in sales in 2020. Key brands include Nature's Own, Dave’s Killer Bread, and Tastykake. More information can be found on their official website.
Flowers Foods, Inc. (NYSE: FLO) is recalling 3,000 loaves of Nature's Own Honey Wheat bread across six states due to undeclared milk, which poses a serious risk to those with milk allergies. The affected products, packaged with blue or yellow ties, have a "Best If Used By" date of 12-26-2021 and specific product codes. The recall was initiated after it was discovered that loaves of Butterbread were mistakenly packaged as Honey Wheat, but no illnesses have been reported. Customers are advised to return the product for a refund or discard it.
Flowers Foods, Inc. (NYSE: FLO) has declared a quarterly dividend of $0.21 per share, marking a 5% increase from the previous year. This payment, the 77th consecutive quarterly dividend, is set for December 17, 2021, for shareholders recorded by December 3, 2021. The company reported $4.4 billion in sales for 2020 and operates a range of popular bakery brands such as Nature's Own and Dave's Killer Bread.
Flowers Foods, Inc. (NYSE: FLO) reported Q3 2021 results showing a 3.9% sales increase to $1.028 billion, despite a 12.4% drop in net income to $38.9 million. Adjusted net income rose 3.9% to $64.9 million. Adjusted EBITDA increased 1.8% to $118.5 million, representing 11.5% of sales. The company raised its 2021 sales guidance, expecting $4.300 billion to $4.344 billion. CEO Ryals McMullian highlighted market share gains and recovery of non-retail business post-pandemic.
Flowers Foods (NYSE: FLO) has expanded its voluntary recall of certain Tastykake products due to potential contamination from tiny metal mesh wire fragments. This decision follows further notifications from a vendor regarding affected ingredients. The recalled items include various multi-pack cupcakes and Krimpets, distributed mainly in the mid-Atlantic and northeastern U.S. No injuries have been reported. Consumers are advised to avoid consumption and can return products for a full refund. Flowers Foods, a leading bakery producer, reported $4.4 billion in sales for 2020.
Flowers Foods, Inc. (NYSE: FLO) is recalling Tastykake multi-pack cupcakes due to potential contamination with tiny metal mesh wire fragments. This voluntary recall affects products distributed in Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia, Washington DC, and West Virginia. No injuries or incidents have been reported. Consumers are advised against consuming the affected products, which can be returned for a full refund. Flowers Foods is a major US bakery producer, with 2020 sales reaching $4.4 billion and brands including Nature's Own and Tastykake.
Flowers Foods (NYSE: FLO) is set to release its third quarter 2021 financial results on November 11, 2021, after market close. A webcast will follow on November 12, 2021, at 8:30 a.m. Eastern, allowing for a live Q&A session. The company is a major player in the packaged bakery industry, reporting $4.4 billion in sales in 2020, operating under notable brands such as Nature's Own and Dave’s Killer Bread. Further details will be available on their investor relations website.
Flowers Foods (NYSE: FLO) has declared a quarterly dividend of $0.21 per share, marking a 5.0% increase from the same quarter last year. This dividend, which represents the 76th consecutive payment, will be paid on September 17, 2021 to shareholders on record as of September 3, 2021. In 2020, Flowers Foods reported sales of $4.4 billion, showcasing its strong position as a leading producer of packaged bakery goods in the U.S.
Flowers Foods reported Q2 2021 financial results, showing a 0.8% drop in sales to $1.017 billion and a 2.7% decline in net income to $56.4 million. Adjusted EBITDA fell 5.0% to $122.1 million, representing 12.0% of sales. The company adjusted its 2021 sales guidance to $4.256 billion to $4.300 billion, anticipating a 2.0% to 3.0% decrease year-over-year. CEO Ryals McMullian emphasized optimism about future growth through strategic investments.
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