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 (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.
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.