Flowers Foods Inc - FLO STOCK NEWS

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 $457M. This product features a flavor profile combining bagel and whole grain bread, with 9g of whole grains and 4g of protein per serving. The introduction complements the existing Raisin’ The Roof!® cinnamon raisin bread. Both products are certified USDA Organic and Non-GMO, ensuring no artificial ingredients are included. The breads are available nationwide.