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 (NYSE: FLO) will report its fourth quarter and full year 2020 financial results on February 11, 2021 after market close. The company will provide a press release, pre-recorded management remarks, and supporting slides during this announcement. Following this, a live Q&A webcast is scheduled for February 12, 2021 at 8:30 a.m. Eastern which will last approximately 30 minutes. Details for accessing the webcast and additional materials will be available at www.flowersfoods.com/investors.
Flowers Foods announces the promotion of Heeth Varnedoe to Chief Transformation Officer (CTO), effective January 4, 2021. The new role will focus on implementing cross-functional initiatives to advance the company's strategic plans, particularly its digital and enterprise resource planning efforts. Varnedoe has been with Flowers since 1990, holding various management positions, and is expected to enhance transparency and collaboration, ensuring initiatives meet operational and financial goals. In 2019, Flowers Foods reported sales of $4.1 billion, making it one of the largest producers in the U.S.
Flowers Foods, Inc. (NYSE: FLO) has amended its December 2, 2020, press release regarding a voluntary recall of Canyon Bakehouse products. The recall affects Canyon Bakehouse Everything Bagels and Mountain White Bread due to potential gluten contamination. This poses risks for individuals with wheat allergies or celiac disease. The affected products were distributed across 13 states, including Arkansas and Texas. While no illnesses have been reported, consumers are advised to discard the affected products or return them for a refund. More information is available through Flowers' Consumer Relations Center.
Flowers Foods, Inc. (NYSE: FLO) is recalling Canyon Bakehouse Mountain White Bread and Everything Bagels due to potential gluten contamination. This recall affects products distributed in 14 states, including Arkansas, Colorado, and Texas. Although no illnesses have been reported, consumers with wheat allergies or celiac disease are advised against consumption. Affected items have specific UPC and Lot Numbers, and consumers should return them for a full refund or discard them. The company generated $4.1 billion in sales in 2019, continuing to be a leading bakery producer in the U.S.
Flowers Foods (NYSE: FLO) announced the election of W. Jameson McFadden to its board of directors, effective January 4, 2021. McFadden, president of Wellington Shields & Co., brings extensive financial and marketing experience.Chairman George E. Deese and CEO Ryals McMullian expressed confidence in McFadden's ability to enhance board expertise and contribute to the company's strategic priorities. Flowers Foods, headquartered in Thomasville, Georgia, reported $4.1 billion in sales for 2019 and is known for brands like Nature's Own and Wonder.
Flowers Foods, Inc. (NYSE: FLO) announced a quarterly dividend of $0.20 per share, reflecting a 5.3% increase compared to last year. This marks the 73rd consecutive quarterly dividend for the company. The dividend is payable on December 11, 2020, to shareholders of record on November 27, 2020. Flowers Foods is a leading producer of packaged bakery foods in the U.S., with 2019 sales of $4.1 billion.
Flowers Foods reported a 2.4% increase in sales for Q3 2020, totaling $989.7 million, with net income rising 2.3% to $44.3 million. Adjusted net income surged 36.3% to $62.4 million, while adjusted EBITDA grew 22.4% to $116.4 million. The company anticipates FY 2020 sales between $4.350 billion and $4.370 billion, projecting diluted EPS of $0.65 to $0.70. CEO Ryals McMullian emphasized resilience amid the pandemic and highlighted ongoing optimization efforts.
Flowers Foods (NYSE: FLO) will announce its third quarter 2020 financial results on November 5, 2020, after the market closes. The company will provide a press release, pre-recorded management comments, and a supporting slide presentation. A Q&A webcast is scheduled for November 6, 2020, at 8:30 a.m. Eastern, lasting approximately 30 minutes. Flowers Foods is a leading U.S. bakery food producer, reporting $4.1 billion in sales for 2019, with renowned brands like Nature's Own and Dave's Killer Bread.
Flowers Foods (NYSE: FLO) announced the appointment of Brad Cashaw as chief supply chain officer, effective September 8, 2020. He will oversee supply chain operations, reporting to COO Brad Alexander. Cashaw brings extensive experience from his previous roles at Dean Foods, Kraft Foods, and Kellogg Company, enhancing Flowers' supply chain optimization initiated under Project Centennial. Flowers Foods, based in Thomasville, Ga., had $4.1 billion in sales in 2019 and is one of the largest packaged bakery producers in the U.S.
Flowers Foods, Inc. (NYSE: FLO) announced the election of three new independent directors to its board, effective August 14, 2020, bringing the total to 11 members. The new directors are Edward J. Casey, Jr., Thomas C. Chubb, III, and Terry S. Thomas. Chairman George E. Deese expressed confidence in their skills, while CEO Ryals McMullian highlighted their extensive experience in areas including international business and brand building. Flowers Foods, known for brands like Nature's Own and Wonder, reported $4.1 billion in sales for 2019, emphasizing innovation and profitability as key strategies moving forward.
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