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, Inc. (NYSE: FLO) is one of the largest producers of packaged bakery foods in the United States, and its news flow reflects developments across a broad portfolio of bakery brands and corporate activities. Headquartered in Thomasville, Georgia, the company operates bakeries across the country and manages brands such as Nature’s Own, Dave’s Killer Bread, Canyon Bakehouse, Simple Mills, Wonder and Tastykake.
News related to Flowers Foods often covers brand and product announcements from its key labels. For example, Nature’s Own has announced better-for-you bread offerings like Nature’s Own Life Wheat + Protein bread, while Dave’s Killer Bread has reported new organic breakfast bars, protein bars, snack bars, snack bites and specialty loaves. These updates highlight how Flowers Foods’ brands introduce new bakery and snack products that emphasize attributes such as organic ingredients, whole grains, non-GMO verification and specific nutrition profiles.
Investors and followers of FLO can also expect corporate news on financial performance, dividends and governance. The company issues press releases on quarterly results, including net sales trends and branded retail performance, and has reported a long history of consecutive quarterly dividends. Governance and leadership updates, such as board appointments and executive transitions in the chief financial officer role, are disclosed through both press releases and Form 8-K filings.
This news page aggregates such brand-level announcements, financial updates and corporate governance developments related to Flowers Foods and its portfolio. Readers interested in the FLO stock and the commercial bakeries sector can use this feed to track how the company communicates about its operations, product innovation and key corporate decisions over time.
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.
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