Flowers Foods Inc Stock Price, News & Analysis

Flowers Foods, Inc. (NYSE: FLO) announced a $0.22 quarterly dividend, marking a 4.8% increase from the previous year. This is the 82nd consecutive quarterly dividend paid by the company. The dividend is payable on March 17, 2023, to shareholders on record by March 3, 2023. In 2022, Flowers Foods reported $4.8 billion in sales, solidifying its status as a major player in the packaged bakery foods industry. The company operates several renowned brands including Nature's Own and Dave's Killer Bread, indicating a robust market presence.

Flowers Foods reported strong financial results for fiscal 2022 and Q4 2022, with sales reaching a record $4.806 billion, up 11.0% year-over-year. Net income increased 10.8% to $228.4 million, while adjusted EBITDA rose 2.3% to $502.0 million. In Q4, sales improved by 10.1% to $1.083 billion, and net income surged 23.6% to $48.6 million. The company expects FY 2023 sales of $5.176 billion to $5.242 billion, indicating a growth range of 7.7% to 9.1%.

CEO Ryals McMullian noted strategic initiatives, including price increases and an acquisition agreement with Papa Pita Bakery to bolster growth and innovation.

Flowers Foods, Inc. (NYSE: FLO) announced the appointment of Cindy Cox as the new chief human resources officer (CHRO), effective February 6, 2023. Reporting to president and CEO A. Ryals McMullian, Cox will lead the HR organization, succeeding Tonja Taylor, who plans to retire in early summer 2023 after nearly 25 years with the company. Cox brings over 27 years of experience from companies like Carrier Corporation and Pratt & Whitney, with a strong background in talent management and employee relations. She holds degrees in psychology, human resources management, and law.

Flowers Foods (NYSE: FLO) will announce its fourth quarter and full year 2022 results on February 9, 2023, after market close. This release will include a press statement, pre-recorded management remarks, and a supporting slide presentation. Following this, a live Q&A webcast is scheduled for February 10, 2023, at 8:30 a.m. Eastern, expected to last 30 minutes. Interested parties can access the materials and webcast at www.flowersfoods.com/investors. Flowers Foods is a leading producer of packaged bakery foods in the U.S. with 2021 sales of $4.3 billion.

Flowers Foods (NYSE: FLO) has announced an agreement to acquire Papa Pita Bakery, enhancing its position in the baked goods market. Papa Pita, known for its quality bagels and tortillas, operates a 270,000 sq. ft. facility in West Jordan, Utah. The acquisition, pending regulatory approval, aims to expand Flowers' geographic reach and leverage manufacturing synergies. Flowers plans to fund the transaction through cash and existing credit. This move aligns with Flowers' strategy of growth and operational excellence within the competitive bakery industry.

Flowers Foods, Inc. (NYSE: FLO) declared a quarterly dividend of $0.22 per share, marking a 4.8% increase from the previous year. This dividend represents the 81st consecutive quarterly payment and is scheduled for December 16, 2022, for shareholders recorded by December 2, 2022. With 2021 sales of $4.3 billion, Flowers Foods continues to be a leading producer of packaged bakery foods in the U.S., offering popular brands like Nature's Own and Dave's Killer Bread.

Flowers Foods, Inc. reported a 12.7% increase in sales for Q3 FY2022, reaching a record $1.158 billion, despite inflation pressures. Net income rose 4.3% to $40.5 million, while adjusted net income slightly decreased by 0.4% to $64.6 million. Adjusted EBITDA also increased 1.6% to $120.4 million. The company's 2022 sales outlook is between $4.807 billion and $4.850 billion, reflecting an 11-12% increase compared to last year. CEO Ryals McMullian highlighted strong brand performance and future investments in innovation.

Flowers Foods will release its third quarter 2022 financial results on November 10, 2022, after market close. A press release, management remarks, and slide presentation will be available then. A live Q&A webcast is scheduled for November 11, 2022, at 8:30 a.m. Eastern, lasting approximately 30 minutes. Access to the webcast and related materials will be provided on the company's investor website. Flowers Foods is a major U.S. producer of packaged bakery foods, recording $4.3 billion in sales for 2021.

Wonder Bread partners with the 96th Macy's Thanksgiving Day Parade to celebrate its 101st anniversary, introducing a unique airship float named The Wondership. In conjunction with this celebration, Wonder Bread plans to donate 10,000 loaves of Classic White Bread to City Harvest, New York's major food rescue organization. The float will debut during the parade airing on Nov. 24, 2022. Additionally, Wonder Bread has initiated a social media sweepstakes for a chance to win a trip to New York City for the parade, running until Oct. 31, 2022.