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Flowers Foods, Inc. (NYSE: FLO), headquartered in Thomasville, Georgia, is a leading producer and marketer of packaged bakery goods in the United States. With 2023 sales totaling $5.1 billion, Flowers Foods operates numerous bakeries across the country that deliver an extensive range of bakery products, including fresh breads, buns, rolls, snack cakes, pastries, and tortillas. The company's products are distributed to retail and foodservice customers nationwide, making them widely accessible through supermarkets, convenience stores, and restaurants.
Flowers Foods boasts an impressive portfolio of top brands, including Nature's Own, Wonder, Dave's Killer Bread, Tastykake, Cobblestone Bread, Canyon Bakehouse, and Mrs. Freshley's. Additionally, the company markets popular regional brands such as Merita, Home Pride, Butternut, and Evangeline Maid. Flowers Foods' products are well-loved for their quality and taste, catering to a diverse consumer base.
In 2023, Flowers Foods recorded outstanding financial performance, driven by the effectiveness of its brand portfolio strategy and strong operational execution. The company's flagship brand, Dave's Killer Bread, achieved a milestone with record retail sales of $1 billion. Flowers Foods continually seeks to innovate, introducing new products to expand its market presence. Recent examples include the launch of Nature's Own Keto loaf and Dave's Killer Bread Snack Bars, which have been well-received by consumers.
Flowers Foods is committed to enhancing productivity and efficiency through various initiatives, including the deployment of an upgraded enterprise resource planning (ERP) system and other digital advancements. These efforts aim to streamline operations, reduce costs, and ultimately boost margins. The company also focuses on corporate responsibility and sustainability, working to achieve its environmental, social, and governance (ESG) goals.
Key financial highlights for fiscal 2023 include cash flow from operating activities of $349.4 million, capital expenditures of $129.1 million, and dividends paid to shareholders totaling $195.2 million. Flowers Foods' strong financial position allows it to invest in growth opportunities while delivering value to its shareholders.
Flowers Foods remains dedicated to innovation, marketing, and expanding its distribution network. The company has recently collaborated with Victory Brewing Company to create the Tastykake Koffee Kake Ale, a unique product that combines the flavors of Tastykake's Koffee Kake Cupcake with a sweet ale, available in select retailers. This collaboration exemplifies Flowers Foods' commitment to creativity and expanding its brand reach.
Looking ahead, Flowers Foods maintains a positive outlook for 2024, anticipating benefits from moderating commodity costs, positive pricing actions, and ongoing savings initiatives. The company is focused on maximizing shareholder value and driving results in line with its long-term financial targets.
Nature's Own, America's top-selling bread brand, has announced a multi-year partnership with the Dallas Cowboys, becoming a Proud Partner of the team. The collaboration aims to create authentic experiences for fans, starting with a VIP tailgate party at AT&T Stadium on Sept. 22, 2024. Nature's Own is launching a sweepstakes offering a chance to win tickets to this event, including game access and tailgate privileges.
The brand will also host a pop-up at AT&T Plaza before the game, offering prizes and branded merchandise. Additionally, a retail promotion in Texas and Oklahoma will give consumers the opportunity to win Dallas Cowboys season tickets for 2025. Nature's Own aims to increase brand awareness and position itself as the top choice for tailgating season through these initiatives.
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. This marks the company's 88th consecutive quarterly dividend. The dividend is payable on September 20, 2024, to shareholders of record on September 6, 2024.
Flowers Foods, headquartered in Thomasville, Georgia, is a major producer of packaged bakery foods in the United States. The company reported sales of $5.1 billion in 2023. Its top brands include Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, and Tastykake. Flowers operates bakeries nationwide, producing a wide range of bakery products.
Flowers Foods (NYSE: FLO) reported its Q2 2024 financial results, showing a slight 0.2% decrease in sales to $1.225 billion. Despite this, the company saw improvements in profitability metrics. Net income increased 5.0% to $67.0 million, while adjusted EBITDA rose 7.8% to $143.5 million, representing 11.7% of sales. Diluted EPS increased to $0.32, and adjusted diluted EPS rose to $0.36.
The company maintained its 2024 financial outlook, projecting sales between $5.091 billion and $5.172 billion, and adjusted EBITDA ranging from $524 million to $553 million. Flowers Foods' brands outperformed the fresh packaged bread category, gaining market share in both units and dollars. The company continues to focus on improving profitability through cost-saving initiatives and new business wins.
Dave's Killer Bread, the leading organic bread brand, has launched its Amped-Up Organic Protein Bars nationwide. These grab-and-go snacks combine whole grain nutrition, plant-based protein, and great taste to help combat procrastination and boost energy. The bars come in three flavors: Peanut Butter Chocolate Chunk, Double Chocolate Coconut, and Blueberry Almond Butter.
Each bar provides 10g of protein, 4-5g of fiber, and 6-8g of whole grains. They are Certified USDA Organic, Non-GMO Project Verified, and free from artificial ingredients. Available in 4-count packages for $8.79 and single-serve bars for $2.49, they can be found in grocery stores, mass retailers, convenience stores, and on Amazon.
Flowers Foods (NYSE: FLO) has announced it will report its second quarter 2024 financial results on Friday, August 16, 2024, at 7:00 a.m. Eastern. The company will host a live question and answer webcast at 8:30 a.m. Eastern the same day. Investors can access the webcast, press release, pre-recorded management remarks with transcript, and supporting slide presentation at investors.flowersfoods.com. A replay will be available at the same link following the event.
Flowers Foods, headquartered in Thomasville, Ga., is one of the largest producers of packaged bakery foods in the United States, with 2023 sales of $5.1 billion. The company operates bakeries nationwide, producing a wide range of products under popular brands such as Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, and Tastykake.
Flowers Foods (NYSE: FLO) announced an increase in its quarterly dividend to $0.24 per share, marking a 4.3% rise over the same quarter last year. This is the 87th consecutive quarterly dividend, payable on June 20, 2024, to shareholders of record on June 6, 2024. The annualized dividend rate has been elevated to $0.96 per share from $0.92. CEO Ryals McMullian emphasized the company's commitment to delivering earnings growth and enhancing shareholder returns, underpinned by a robust balance sheet and strong cash flow. Flowers Foods, a major U.S. bakery producer, reported $5.1 billion in sales for 2023.
Flowers Foods (NYSE: FLO) reported a robust first quarter for 2024. Sales increased by 2.8% to $1.577 billion, setting a new first-quarter record. Net income rose 3.3% to $73 million, driven by lower input costs and prior-year price increases, offset by higher selling, distribution, and administrative expenses.
Adjusted net income fell by 0.8% to $80.3 million, while adjusted EBITDA grew by 5.5% to $159.4 million, representing 10.1% of sales. Diluted EPS increased by $0.01 to $0.34, with adjusted diluted EPS steady at $0.38.
Chairman and CEO Ryals McMullian highlighted the successful execution of their portfolio strategy and marketing investments, noting gains in market share and improved branded retail volumes. Flowers Foods maintains its 2024 outlook, expecting sales between $5.091 billion and $5.172 billion, adjusted EBITDA between $524 million and $553 million, and adjusted diluted EPS between $1.20 and $1.30.
Flowers Foods, Inc. (NYSE: FLO) is set to release its first quarter 2024 financial results on May 16, 2024. The company will host a live webcast for Q&A at 5:00 p.m. Eastern. Flowers Foods is a leading producer of packaged bakery foods in the U.S., boasting strong brands like Nature's Own and Dave's Killer Bread.
Tastykake® announces a collaboration with The Garfield Movie™, offering -edition snacks and packaging. The promotion features a line of Garfield-themed treats like Cat Nap Cupcakes and a national sweepstakes with grand prizes. The collaboration aims to bring joy, humor, and delicious treats to fans of both brands.