Flowers Foods Inc Stock Price, News & Analysis

Flowers Foods (NYSE: FLO) has announced the pricing of two senior notes offerings: $500 million of 5.750% notes due 2035 and $300 million of 6.200% notes due 2055. The offering is expected to close on February 14, 2025.

The company plans to use the proceeds, along with cash on hand, to fund the acquisition of Purposeful Foods Holdings, the parent company of Simple Mills, pay related fees and expenses, and for general corporate purposes. The offering is being made under an automatic shelf registration statement, with BofA Securities, Deutsche Bank Securities, RBC Capital Markets, and Wells Fargo Securities serving as active book-running managers.

Flowers Foods, headquartered in Thomasville, GA, is a major U.S. packaged bakery foods producer with 2024 net sales of $5.1 billion. The company's top brands include Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, and Tastykake.

Flowers Foods (NYSE: FLO) reported its Q4 and full-year 2024 results, showing mixed performance. Q4 net sales decreased 1.6% to $1.111 billion, while net income increased 20.9% to $43.1 million. For fiscal 2024, net sales grew marginally by 0.2% to $5.103 billion, with net income doubling to $248.1 million.

The company's Q4 performance was marked by positive pricing/mix effects being offset by volume declines. Branded Retail sales decreased by 3.9% to $696.5 million, while Other sales increased by 2.6% to $414.6 million. Adjusted EBITDA improved 6.3% to $102.4 million in Q4.

For fiscal 2025, Flowers Foods projects net sales between $5.403-$5.487 billion, representing 5.9-7.5% growth. The company expects adjusted diluted EPS of $1.11-$1.24, with the pending Simple Mills acquisition expected to be accretive to adjusted EBITDA but dilutive to adjusted EPS in 2025.

Flowers Foods (NYSE: FLO) has announced it will release its fourth quarter and full year 2024 financial results on Friday, February 7, 2025, at 7:00 a.m. Eastern Time. The company will host a live Q&A webcast at 8:30 a.m. ET on the same day.

The company, headquartered in Thomasville, Ga., is one of the largest packaged bakery foods producers in the United States, with 2023 sales of $5.1 billion. Flowers Foods operates multiple bakeries nationwide, producing various bakery products under popular brands including Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, and Tastykake.

Dave's Killer Bread, the leading organic bread brand, has announced the national launch of Organic Snack Bites. The new product line features six varieties of crunchy baked clusters in both savory and sweet flavors, crafted with organic nuts, seeds, and grains. The lineup includes Cinna Roll, PB & Chocolate, Honey Nut, Epic Everything™, Toasted Garlic, and Bold Buffalo varieties.

The Snack Bites are designed to be enjoyed alone or as toppings for salads, parfaits, and soups. Like all Dave's products, they are Certified USDA Organic, Non-GMO Project Verified, and free from artificial ingredients. The new products come in stand-up, resealable pouches priced at $6.99 each and are being distributed through Walmart, Walmart.com, Amazon, and grocery stores nationwide.

Flowers Foods (NYSE: FLO) has announced a definitive agreement to acquire Simple Mills for $795 million in cash. Simple Mills, founded in 2012, is a market-leading natural brand offering premium better-for-you crackers, cookies, snack bars, and baking mixes, with estimated 2024 net sales of $240 million, representing 14% growth from the previous year.

The acquisition expands Flowers' exposure to better-for-you and attractive snacking segments, with Simple Mills products available in over 30,000 stores nationwide. The transaction is expected to be immediately accretive to net sales and adjusted EBITDA growth and margins. Upon closing in Q1 2025, Simple Mills will operate as an independent subsidiary, maintaining its operations in Chicago and Mill Valley, with founder Katlin Smith continuing as CEO.

The deal will be funded through a $795 million term loan from Royal Bank of Canada, with proforma total net debt estimated at $1.9 billion and a net debt-to-EBITDA ratio expected between 3.1x to 3.3x.

Flowers Foods (NYSE: FLO) has declared a quarterly dividend of $0.24 per share, representing a 4.3% increase from the same quarter last year. The dividend will be paid on December 13, 2024, to shareholders of record on November 29, 2024. This marks the company's 89th consecutive quarterly dividend payment. Flowers Foods, headquartered in Thomasville, Ga., is a major U.S. packaged bakery foods producer with $5.1 billion in sales for 2023, producing brands including Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, and Tastykake.

Flowers Foods (NYSE: FLO) reported Q3 2024 financial results with net sales decreasing 0.7% to $1.191 billion. Net income increased significantly to $65.0 million, while adjusted net income rose 12.4% to $69.3 million. Adjusted EBITDA grew 10.0% to $133.3 million, representing 11.2% of net sales. The company narrowed its FY2024 guidance, now expecting net sales growth of 0.5% to 1.1% ($5.116-5.147 billion) and adjusted diluted EPS of $1.24-1.28.

Flowers Foods (NYSE: FLO) has announced it will release its third quarter 2024 financial results on Friday, November 8, 2024, at 7:00 a.m. Eastern. The company will host a live Q&A webcast at 8:30 a.m. Eastern on the same day. The webcast, press release, pre-recorded management remarks, and supporting slides will be available at investors.flowersfoods.com. Flowers Foods, based in Thomasville, GA, is a major U.S. packaged bakery foods producer with 2023 sales of $5.1 billion. Their portfolio includes brands like Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, and Tastykake.

Flowers Foods (NYSE: FLO) announced its participation in the Barclays Global Consumer Staples Conference on September 5, 2024. Ryals McMullian, chairman and CEO, and Steve Kinsey, CFO and CAO, will engage in a fireside chat at 10:30 a.m. ET. A live audio webcast will be available on the company's investor relations website, with a replay option post-conference.

Flowers Foods, headquartered in Thomasville, Georgia, is a major U.S. packaged bakery foods producer, with 2023 sales of $5.1 billion. The company operates bakeries nationwide, producing various bakery products. Its top brands include Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, and Tastykake.