Flowers Foods Inc Stock Price, News & Analysis

Flowers Foods (NYSE: FLO) announced a quarterly dividend increase of $0.22 per share, up 4.8% from last year, marking the 79th consecutive dividend payment. This raises the annualized rate to $0.88. The dividend is payable on June 23, 2022, for shareholders of record on June 9, 2022. Additionally, the board approved a 20 million share increase in share repurchase authorization, bringing total capacity to 25.4 million shares. CEO Ryals McMullian emphasized strong cash flow and a commitment to enhancing shareholder returns.

Flowers Foods reported a record first-quarter sales increase of 10.3% to $1.436 billion for the 16-week period ending April 23, 2022. Net income rose 19.4% to $85.6 million, while adjusted EBITDA reached $165.5 million, up 2.4%. The company expects fiscal 2022 sales between $4.764 billion and $4.850 billion, reflecting a potential 10% to 12% increase. Challenges include inflation and supply chain disruptions, expected to impact EPS by five cents in Q2 and Q3. Strong market fundamentals support the company's positive outlook.

Flowers Foods (NYSE: FLO) will announce its first quarter 2022 financial results on May 19, 2022, after market close. A press release and supporting materials will be available at that time. A live question-and-answer webcast is scheduled for May 20, 2022, at 8:30 a.m. Eastern, lasting approximately 30 minutes. With 2021 sales of $4.3 billion, Flowers Foods is a leading producer of packaged bakery foods in the U.S., operating bakeries that produce well-known brands like Nature's Own and Wonder.

Dave's Killer Bread has launched its new Epic Everything® Organic Breakfast Bread, designed to cater to the growing breakfast market, valued at $457M. This product features a flavor profile combining bagel and whole grain bread, with 9g of whole grains and 4g of protein per serving. The introduction complements the existing Raisin’ The Roof!® cinnamon raisin bread. Both products are certified USDA Organic and Non-GMO, ensuring no artificial ingredients are included. The breads are available nationwide.

Flowers Foods, Inc. (NYSE: FLO) has declared a quarterly dividend of $0.21 per share, a 5% increase from the same quarter last year. This marks the company's 78th consecutive quarterly dividend. The dividend is payable on March 18, 2022, to shareholders of record on March 4, 2022. In 2021, Flowers Foods reported sales of $4.3 billion, positioning itself as a leading producer of packaged bakery foods in the United States.

Flowers Foods, Inc. (NYSE: FLO) reported its fiscal 2021 financial results, revealing a 1.3% decline in sales to $4.331 billion. Despite a decrease in sales, net income surged 35.4% to $206.2 million. For Q4, sales fell 3.9% to $983.5 million, with a 29.6% drop in net income at $39.3 million. The company anticipates fiscal 2022 sales of $4.660-$4.695 billion, driven by innovation and pricing strategies to counter inflation. CEO Ryals McMullian highlighted the company's resilience in a challenging environment and a focus on maximizing shareholder value.

Flowers Foods (NYSE: FLO) is set to announce its fourth quarter and full year 2021 financial results on February 10, 2022, following market closure. A live webcast for Q&A will occur on February 11, 2022, at 8:30 a.m. Eastern. The company, headquartered in Thomasville, GA, is a leading producer of packaged bakery foods in the U.S., achieving $4.4 billion in sales in 2020. Key brands include Nature's Own, Dave’s Killer Bread, and Tastykake. More information can be found on their official website.

Flowers Foods, Inc. (NYSE: FLO) is recalling 3,000 loaves of Nature's Own Honey Wheat bread across six states due to undeclared milk, which poses a serious risk to those with milk allergies. The affected products, packaged with blue or yellow ties, have a "Best If Used By" date of 12-26-2021 and specific product codes. The recall was initiated after it was discovered that loaves of Butterbread were mistakenly packaged as Honey Wheat, but no illnesses have been reported. Customers are advised to return the product for a refund or discard it.

Flowers Foods, Inc. (NYSE: FLO) has declared a quarterly dividend of $0.21 per share, marking a 5% increase from the previous year. This payment, the 77th consecutive quarterly dividend, is set for December 17, 2021, for shareholders recorded by December 3, 2021. The company reported $4.4 billion in sales for 2020 and operates a range of popular bakery brands such as Nature's Own and Dave's Killer Bread.