Flowers Foods Inc Stock Price, News & Analysis

Flowers Foods (NYSE: FLO) announced a quarterly dividend of $0.20 per share, reflecting a 5.3% increase from the previous year. This marks the 74th consecutive quarterly dividend the company has paid. The dividend is set to be paid on March 19, 2021, to shareholders on record as of March 5, 2021. Flowers, a leading bakery products producer in the U.S., reported $4.4 billion in sales for 2020, emphasizing its strong market presence and commitment to returning value to shareholders.

Flowers Foods (NYSE: FLO) reported its financial results for the 53-week fiscal 2020, ending January 2, 2021. Total sales increased by 6.4% to $4.388 billion, driven by an additional week contributing 1.8%. Net income decreased 7.4% to $152.3 million, while adjusted net income rose 36.1% to $278.0 million. For Q4 alone, sales surged 11.5% to $1.023 billion, with adjusted EBITDA climbing 34.3% to $113.5 million. For fiscal 2021, FLO anticipates sales between $4.212 billion and $4.300 billion, reflecting a projected decrease.

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.