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) is one of the largest producers of packaged bakery foods in the United States, and its news flow reflects developments across a broad portfolio of bakery brands and corporate activities. Headquartered in Thomasville, Georgia, the company operates bakeries across the country and manages brands such as Nature’s Own, Dave’s Killer Bread, Canyon Bakehouse, Simple Mills, Wonder and Tastykake.
News related to Flowers Foods often covers brand and product announcements from its key labels. For example, Nature’s Own has announced better-for-you bread offerings like Nature’s Own Life Wheat + Protein bread, while Dave’s Killer Bread has reported new organic breakfast bars, protein bars, snack bars, snack bites and specialty loaves. These updates highlight how Flowers Foods’ brands introduce new bakery and snack products that emphasize attributes such as organic ingredients, whole grains, non-GMO verification and specific nutrition profiles.
Investors and followers of FLO can also expect corporate news on financial performance, dividends and governance. The company issues press releases on quarterly results, including net sales trends and branded retail performance, and has reported a long history of consecutive quarterly dividends. Governance and leadership updates, such as board appointments and executive transitions in the chief financial officer role, are disclosed through both press releases and Form 8-K filings.
This news page aggregates such brand-level announcements, financial updates and corporate governance developments related to Flowers Foods and its portfolio. Readers interested in the FLO stock and the commercial bakeries sector can use this feed to track how the company communicates about its operations, product innovation and key corporate decisions over time.
Flowers Foods reported a 3.5% sales decrease to $1.302 billion for Q1 2021, contrasting with record pandemic results from the previous year. However, net income rose to $71.7 million, up $77.4 million due to a previous pension charge. Adjusted net income increased 1.3% to $87.6 million, while adjusted EBITDA fell 1.0% to $161.6 million, representing 12.4% of sales. The company forecasts 2021 sales between $4.234 billion and $4.300 billion, anticipating a slight decline, but remains optimistic about brand momentum and future investments.
Flowers Foods will announce its first quarter 2021 financial results on May 20, 2021, after market close. This event will be followed by a live Q&A webcast on May 21, 2021, at 8:30 a.m. Eastern. Flowers Foods is a leading U.S. packaged bakery producer, reporting $4.4 billion in sales for 2020. Their well-known brands include Nature's Own, Dave’s Killer Bread, and Wonder. Investors can access the webcast and related materials on the company's investor relations website.
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Ibotta, a leading rewards platform, has partnered with Nature's Own on April 12, 2021, to celebrate National Grilled Cheese Sandwich Day. For one day only, Ibotta Savers can receive a free loaf of Nature's Own bread and a $0.25 discount on cheese. Users need to download the Ibotta app, add the offers, and upload their purchase receipts to get cash back. Ibotta has delivered nearly $900 million in rewards since its launch in 2012 and has over 40 million downloads. Nature's Own is owned by Flowers Foods (NYSE: FLO), known for its quality and healthy bread options.
Flowers Foods, Inc. (NYSE: FLO) announced a public offering of $500 million in senior notes with a 2.400% interest rate due in 2031. The offering is expected to close on March 9, 2021. Proceeds will be used to redeem $400 million of existing 4.375% senior notes due 2022, with the remainder allocated for general corporate purposes. Deutsche Bank and BofA Securities are leading the offering, which is filed under an automatic shelf registration with the SEC.
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.