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 produces and markets packaged bakery foods in the United States through a national bakery network and a brand portfolio that includes Nature's Own, Dave's Killer Bread, Canyon Bakehouse, Simple Mills, Wonder, Tastykake and Mrs. Freshley's. News about FLO commonly covers financial results, branded retail performance, dividends, supply-chain and margin initiatives, and the integration of Simple Mills into the company's snack and baking-mix portfolio.
Company updates also include product introductions and certification-related developments across Dave's Killer Bread and Simple Mills, including organic breads, bagels, crackers, cookies, bars and baking mixes. Governance and leadership announcements appear alongside operating updates for the packaged bakery business.
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.
Flowers Foods (NYSE: FLO) announced a temporary halt in production at its Savannah, Georgia bakery due to an uptick in COVID-19 cases among staff, leading to 115 furloughs. The company will continue to pay these employees as they shelter-in-place. Despite the closure, Flowers expects minimal market impact as other bakeries will cover lost production, and the sales and distribution teams remain operational. Enhanced safety measures are being upheld throughout the facilities, with the bakery slated to resume operations around July 17, 2020.
Flowers Foods will host a live webcast on May 14, 2020, at 8:30 a.m. Eastern to discuss its first quarter 2020 results. The company plans to release its financial results on May 13, 2020, after market close. This event will last approximately 60 minutes and will be accessible through the company's investor relations website. Flowers Foods, a leading packaged bakery food producer in the U.S., reported $4.1 billion in sales for 2019 and operates prominent brands such as Nature's Own and Dave’s Killer Bread.