Flowers Foods Inc Stock Price, News & Analysis

Flowers Foods (NYSE: FLO) has declared a quarterly dividend of $0.21 per share, marking a 5.0% increase from the same quarter last year. This dividend, which represents the 76th consecutive payment, will be paid on September 17, 2021 to shareholders on record as of September 3, 2021. In 2020, Flowers Foods reported sales of $4.4 billion, showcasing its strong position as a leading producer of packaged bakery goods in the U.S.

Flowers Foods reported Q2 2021 financial results, showing a 0.8% drop in sales to $1.017 billion and a 2.7% decline in net income to $56.4 million. Adjusted EBITDA fell 5.0% to $122.1 million, representing 12.0% of sales. The company adjusted its 2021 sales guidance to $4.256 billion to $4.300 billion, anticipating a 2.0% to 3.0% decrease year-over-year. CEO Ryals McMullian emphasized optimism about future growth through strategic investments.

Flowers Foods (NYSE: FLO) will announce its second quarter 2021 financial results on August 12, 2021, after market close. A conference call and webcast for results discussion will take place the following day, August 13, 2021, at 8:30 a.m. Eastern, lasting approximately 30 minutes. Investors can access the details and a replay on the company’s website. In 2020, Flowers Foods reported $4.4 billion in sales and is recognized as a leading producer of packaged bakery foods in the U.S.

Flowers Foods (NYSE: FLO) announced its acquisition of Koffee Kup Bakery, enhancing its market presence in the Northeast. The deal, involving closed bakeries in Vermont and Connecticut along with the Koffee Kup and Vermont Bread Company brands, aims to leverage existing consumer loyalty in the region. CEO Ryals McMullian noted that there are no immediate plans to reopen the bakeries, as their integration into Flowers' strategic network will be evaluated. Koffee Kup, founded in 1940, had a strong foothold in the market before its closure in April 2021.

Flowers Foods, Inc. (NYSE: FLO) has declared a quarterly dividend of $0.21 per share, marking a 5.0% increase from the previous year. This dividend, representing the 75th consecutive quarterly payout, will be distributed on June 24, 2021, to shareholders of record as of June 10, 2021. The annualized dividend rate rises to $0.84 per share. CEO Ryals McMullian expressed confidence that the company's brands will ensure growth, supporting ongoing shareholder rewards.

Flowers Foods reported a 3.5% sales decrease to $1.302 billion for Q1 2021, contrasting with record pandemic results from the previous year. However, net income rose to $71.7 million, up $77.4 million due to a previous pension charge. Adjusted net income increased 1.3% to $87.6 million, while adjusted EBITDA fell 1.0% to $161.6 million, representing 12.4% of sales. The company forecasts 2021 sales between $4.234 billion and $4.300 billion, anticipating a slight decline, but remains optimistic about brand momentum and future investments.

Flowers Foods will announce its first quarter 2021 financial results on May 20, 2021, after market close. This event will be followed by a live Q&A webcast on May 21, 2021, at 8:30 a.m. Eastern. Flowers Foods is a leading U.S. packaged bakery producer, reporting $4.4 billion in sales for 2020. Their well-known brands include Nature's Own, Dave’s Killer Bread, and Wonder. Investors can access the webcast and related materials on the company's investor relations website.

Ibotta, a leading rewards platform, has partnered with Nature's Own on April 12, 2021, to celebrate National Grilled Cheese Sandwich Day. For one day only, Ibotta Savers can receive a free loaf of Nature's Own bread and a $0.25 discount on cheese. Users need to download the Ibotta app, add the offers, and upload their purchase receipts to get cash back. Ibotta has delivered nearly $900 million in rewards since its launch in 2012 and has over 40 million downloads. Nature's Own is owned by Flowers Foods (NYSE: FLO), known for its quality and healthy bread options.