Flowers Foods Inc Stock Price, News & Analysis

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.

Flowers Foods, Inc. (NYSE: FLO) announced a quarterly dividend of $.20 per share, marking a 5.3% increase from last year. This payment, the company's 72nd consecutive quarterly dividend, is scheduled for September 11, 2020, to shareholders of record by August 28, 2020. With sales of $4.1 billion in 2019, Flowers is a leading packaged bakery food producer in the U.S., boasting popular brands like Nature's Own and Dave's Killer Bread.

Flowers Foods, Inc. (NYSE: FLO) updated its strategic priorities and long-term growth targets in a recent announcement. The company aims for 1% to 2% sales growth and 4% to 6% EBITDA growth, with 7% to 9% EPS growth including M&A activity. Key strategies include enhancing brand presence, optimizing supply chains, and pursuing strategic acquisitions. CEO Ryals McMullian emphasized a focus on value-added products to drive sales and improve margins. The company will also allocate strong free cash flow toward acquisitions, share repurchases, and dividends.

Flowers Foods, Inc. (NYSE: FLO) reported a 5.1% increase in second-quarter sales to $1.026 billion, driven by strong demand for branded retail products amid the COVID-19 pandemic. Diluted EPS rose by $0.02 to $0.27, with adjusted diluted EPS up $0.08 to $0.33. The company anticipates full-year sales between $4.290 billion and $4.330 billion, reflecting 4.0% to 5.0% growth. CEO Ryals McMullian emphasized operational optimization and a shift towards branded products to enhance margins. Cash flow from operations increased significantly, although total indebtedness also rose by $142.5 million.

Flowers Foods (NYSE: FLO) will host an investor webcast on August 7, 2020, at 8:00 a.m. ET to discuss second quarter results and strategic priorities, with executives including CEO Ryals McMullian and CFO Steve Kinsey present. The webcast, expected to last one hour, includes a Q&A session. The company will release its second quarter results on August 6, 2020, after market close. Flowers Foods is a leading packaged bakery producer in the U.S., reporting $4.1 billion in sales for 2019, with notable brands like Nature's Own and Dave’s Killer Bread.