Flowers Foods Inc Stock Price, News & Analysis

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.