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.
Dave's Killer Bread is launching its new Organic Snack Bars, featuring three flavors: Cocoa Brownie Blitz, Trail Mix Crumble, and Oat-rageous Honey Almond. Each bar is packed with whole grains, fiber, and quality ingredients, catering to health-conscious consumers. The product launch follows a successful soft rollout in 2022. Priced at $5.99 for a box, and $1.99 per bar, the bars will be available nationwide and also on Amazon. Dave's Killer Bread is a leading organic brand under Flowers Foods (NYSE:FLO).
Flowers Foods has announced A. Ryals McMullian as the new chairman of the board, effective following the 2023 annual meeting of shareholders, succeeding George E. Deese who will retire from the position but remain a director. McMullian, who joined the board in 2019 and serves as president and CEO, brings valuable experience from his various leadership roles within the company since 2003. The board also appointed Thomas C. Chubb, III as presiding director. This leadership transition is part of the board's long-term succession planning aimed at enhancing Flowers Foods' competitive position and shareholder value.
Flowers Foods (NYSE:FLO) has completed the acquisition of Papa Pita Bakery, known for its high-quality baked goods including bagels and tortillas. This strategic move, announced on February 20, 2023, allows Flowers Foods to enhance its manufacturing and distribution efficiency. Papa Pita, a long-time co-manufacturer for Flowers, will continue as an independent subsidiary. In 2022, Flowers Foods reported sales of $4.8 billion, solidifying its position as a leading packaged bakery producer in the U.S. The acquisition aims to foster synergies that could lead to increased operational capabilities and market reach.
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.