Flowers Foods, Inc. produces and markets packaged bakery products in the United States. It offers fresh breads, buns, rolls, snack cakes, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshley's, and Tastykake brand names. The company distributes its products through a direct-store-delivery distribution and a warehouse delivery system, as well as operates 46 bakeries comprising 44 owned and 2 leased. Its customers include mass merchandisers, supermarkets and other retailers, convenience stores, national and regional restaurants, quick-serve chains, retail in-store bakeries, foodservice distributors, food wholesalers, institutions, dollar stores, and vending companies. The company was formerly known as Flowers Industries and changed its name to Flowers Foods, Inc. in 2001. Flowers Foods, Inc. was founded in 1919 and is headquartered in Thomasville, Georgia.
IPO Year:
Exchange: NYSE
Website: flowersfoods.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/10/2024 | $20.00 | Underperform | Exane BNP Paribas |
3/1/2024 | $24.00 | Neutral | DA Davidson |
3/3/2023 | $27.00 | Sell → Hold | Deutsche Bank |
12/6/2022 | $28.00 → $27.00 | Hold → Sell | Deutsche Bank |
Over 100-Year-Old Brand Introduces a Deliciously Nostalgic Take on Classic Treats THOMASVILLE, Ga., March 17, 2025 /PRNewswire/ -- Wonder®, a household name for over a century, is making a sweet splash in the snack world with the launch of its first line of snack cakes. This exciting expansion marks a new chapter for the beloved brand, offering consumers a fresh take on classic indulgences with the same soft, fluffy texture and delicious taste they've come to expect from Wonder. "For generations, Wonder bread has been a staple in American households, bringing families together
THOMASVILLE, Ga., March 3, 2025 /PRNewswire/ -- Members of Flowers Foods, Inc. (NYSE: FLO) management team will be presenting at the Raymond James 46th Annual Institutional Investors Conference today, Monday, March 3, 2025, at 2:50 p.m. Eastern Time. The live audio webcast may be accessed at investors.flowersfoods.com/events-and-presentations. Following the conference, the webcast will be available for replay. About Flowers Foods Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE:FLO) is one of the largest producers of packaged bakery foods in the United States with 2024 sales of $5.1 billion. Flowers operates bakeries across the country that produce a wide range of bakery product
NEW YORK, Feb. 24, 2025 /PRNewswire/ -- Vestar Capital Partners, a leading U.S. middle-market private equity firm, announced today it has completed the sale of Simple Mills (or "the Company"), a premium brand of better-for-you crackers, cookies, snack bars, and baking mixes, to Flowers Foods, Inc. (NYSE:FLO) for a total enterprise value of $795 million. Vestar provided the first institutional investment into the brand in October 2019, and was the Company's largest shareholder. "This positive outcome validates Vestar's original investment thesis, including the ongoing shift toward better-for-you foods, as well as our strong conviction in what we believed to be the unique potential of the Sim
THOMASVILLE, Ga., Feb. 21, 2025 /PRNewswire/ -- Flowers Foods, Inc. (NYSE:FLO) today announced that it has completed the acquisition of Simple Mills, a market-leading natural brand offering premium better-for-you crackers, cookies, snack bars, and baking mixes. "The addition of Simple Mills to our brand portfolio increases our presence in better-for-you and attractive snacking segments, diversifies our category exposure, and enhances our growth and margin prospects," said Ryals McMullian, chairman and CEO of Flowers Foods. "We look forward to supporting the Simple Mills team as they embark on a new phase of growth by broadening distribution, accelerating innovation, and amplifying brand awa
THOMASVILLE, Ga., Feb. 14, 2025 /PRNewswire/ -- Flowers Foods, Inc. (NYSE:FLO) today announced that its board of directors has declared a quarterly dividend of $0.24 per share, an increase of 4.3% over the same quarter last year. This is the 90th consecutive quarterly dividend paid by the company and is payable on March 14, 2025, to shareholders of record on February 28, 2025. About Flowers Foods Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE:FLO) is one of the largest producers of packaged bakery foods in the United States with 2024 sales of $5.1 billion. Flowers operates bakeries across the country that produce a wide range of bakery products. Among the company's top brands
THOMASVILLE, Ga., Feb. 11, 2025 /PRNewswire/ -- Flowers Foods, Inc. (NYSE:FLO) (the "Company" or "Flowers Foods") today announced the pricing of the public offering of (i) $500 million aggregate principal amount of 5.750% Senior Notes due 2035 (the "2035 Notes") and (ii) $300 million aggregate principal amount of 6.200% Senior Notes due 2055 (the "2055 Notes" and, together with the 2035 Notes, the "Notes"). The 2035 Notes will bear interest at a rate of 5.750% per annum and will mature on March 15, 2035. The 2055 Notes will bear interest at a rate of 6.200% per annum and will mature on March 15, 2055. The offering is expected to close on February 14, 2025, subject to customary closing condit
THOMASVILLE, Ga., Feb. 7, 2025 /PRNewswire/ -- Flowers Foods, Inc. (NYSE:FLO) today reported financial results for the company's 12-week fourth quarter and 52-week fiscal year ended December 28, 2024. Fourth Quarter Summary:Compared to the prior year fourth quarter where applicable Net sales(1) decreased 1.6% to $1.111 billion as positive pricing/mix was more than offset by volume declines.Net income increased 20.9% to $43.1 million, representing 3.9% of sales, a 70-basis point increase, primarily due to higher operating income resulting from moderating ingredient costs, optimization of our non-retail business, cost savings initiatives, and a decrease in impairment of assets, partially offs
Slice of Hope Campaign Highlights and Supports Wish Kids Through 2026 THOMASVILLE, Ga., Jan. 27, 2025 /PRNewswire/ -- Nature's Own®, America's No. 1 selling bread brand, has announced a $500,000 donation to Make-A-Wish, the global nonprofit that creates life-changing wishes for children with critical illnesses. Nature's Own 'Slice of Hope Campaign' Highlights and Supports Make-A-Wish kids through 2026.Since 1980, Make-A-Wish has granted more than 375,000 wishes to children with critical illnesses in the U.S., helping them build the strength and hope needed to fight their batt
Thomasville, Ga, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Flowers Foods to Report Fourth Quarter and Full Year 2024 Results Flowers Foods, Inc. (NYSE:FLO) will report its fourth quarter and full year 2024 financial results on Friday, February 7, 2025, at 7:00 a.m. Eastern Time. The company will host a live question and answer webcast at 8:30 a.m. Eastern Time the same day. Access to the webcast, along with the press release, pre-recorded remarks by management with accompanying transcript, and supporting slide presentation, will be available and archived at investors.flowersfoods.com. About Flowers Foods Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE:F
Crunchy baked clusters in six savory and sweet flavors pack whole-grain nutrition and bold taste into every bite MILWAUKIE, Ore., Jan. 14, 2025 /PRNewswire/ -- Dave's Killer Bread®, the leading organic bread brand, is growing its on-the-go snack product line with the national launch of Organic Snack Bites. Each unique flavor combines the same whole grain nutrition and simple ingredients that consumers know and love from Dave's with a crunchy texture to meet current snacking desires. Crafted with organic nuts, seeds, and grains for a satisfying crunch and flavor, the Snack Bite
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Exane BNP Paribas initiated coverage of Flowers Foods with a rating of Underperform and set a new price target of $20.00
DA Davidson initiated coverage of Flowers Foods with a rating of Neutral and set a new price target of $24.00
Deutsche Bank upgraded Flowers Foods from Sell to Hold and set a new price target of $27.00
Deutsche Bank downgraded Flowers Foods from Hold to Sell and set a new price target of $27.00 from $28.00 previously
Stephens resumed coverage of Flowers Foods with a rating of Equal-Weight and set a new price target of $25.00
Shore Capital resumed coverage of Flowtech Fluidpower plc (FLO.L) with a rating of Under review
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Slice of Hope Campaign Highlights and Supports Wish Kids Through 2026 THOMASVILLE, Ga., Jan. 27, 2025 /PRNewswire/ -- Nature's Own®, America's No. 1 selling bread brand, has announced a $500,000 donation to Make-A-Wish, the global nonprofit that creates life-changing wishes for children with critical illnesses. Nature's Own 'Slice of Hope Campaign' Highlights and Supports Make-A-Wish kids through 2026.Since 1980, Make-A-Wish has granted more than 375,000 wishes to children with critical illnesses in the U.S., helping them build the strength and hope needed to fight their batt
THOMASVILLE, Ga., Aug. 22, 2024 /PRNewswire/ -- Nature's Own, America's No. 1 selling bread brand*, today announced a multi-year partnership with the Dallas Cowboys, naming the brand a Proud Partner of the Dallas Cowboys. "As America's leading bread brand, we are honored to forge a partnership with the iconic Dallas Cowboys," said Tyler Cannada, brand manager for Nature's Own. "We look forward to collaborating with one of the world's most esteemed sports franchises to create authentic and unforgettable experiences for fans." Kicking off the partnership's first year, Nature's
THOMASVILLE, Ga., Aug. 21, 2023 /PRNewswire/ -- Flowers Foods, Inc. (NYSE: FLO) today announced two transitions to the senior leadership of the company and the election of two new members to the board of directors. The following changes are effective September 1, 2023: Heeth Varnedoe, chief operating officer at Flowers, will begin serving as president and chief operating officer of the company. Varnedoe has held a number of key management roles at Flowers, including chief transformation officer, senior vice president of DSD Regions/Sales, and president of the Phoenix bakery. T
THOMASVILLE, Ga., Aug. 10, 2023 /PRNewswire/ -- Flowers Foods, Inc. (NYSE: FLO) today announced that effective December 31, 2023, D. Keith Wheeler, chief sales officer, will retire from the company after 35 years of service. Wheeler will step down from his current role on August 31, 2023, and will serve until his retirement as a senior advisor to Ryals McMullian, chairman, chief executive officer, and president of Flowers. "I'd like to extend my heartfelt gratitude to Keith for his years of exemplary service to our company," said McMullian. "His unique combination of leadership, communication, and collaboration – together with an in-depth understanding of our business – has had a tremendous
THOMASVILLE, Ga., March 7, 2023 /PRNewswire/ -- The board of directors of Flowers Foods, Inc. (NYSE:FLO) today announced that A. Ryals McMullian has been elected as the next chairman of the board, effective immediately following the 2023 annual meeting of shareholders. George E. Deese, current chairman of the board, will retire from the chairman role at that time. Deese will continue to serve as a director following the annual meeting of shareholders. "We are pleased to announce the election of Ryals as chairman of the board of Flowers Foods," commented Benjamin H. Griswold, IV, presiding director of Flowers' board. "His insights and keen business acuity have added tremendous value to the bo
THOMASVILLE, Ga., May 31, 2022 /PRNewswire/ -- Flowers Foods, Inc. (NYSE:FLO), producer of Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Tastykake, and other bakery foods, today announced that effective December 31, 2022, Bradley K. Alexander, chief operating officer, will retire from the company after 41 years of service. Consistent with the company's management succession plan, on January 1, 2023, Heeth Varnedoe, the company's current chief transformation officer, will succeed Alexander as chief operating officer. "I wish to express my deep appreciation to Brad for his service to our company," said A. Ryals McMullian, president and chief operating officer. "His many contribu
THOMASVILLE, Ga., Feb. 21, 2025 /PRNewswire/ -- Flowers Foods, Inc. (NYSE:FLO) today announced that it has completed the acquisition of Simple Mills, a market-leading natural brand offering premium better-for-you crackers, cookies, snack bars, and baking mixes. "The addition of Simple Mills to our brand portfolio increases our presence in better-for-you and attractive snacking segments, diversifies our category exposure, and enhances our growth and margin prospects," said Ryals McMullian, chairman and CEO of Flowers Foods. "We look forward to supporting the Simple Mills team as they embark on a new phase of growth by broadening distribution, accelerating innovation, and amplifying brand awa
THOMASVILLE, Ga., Feb. 14, 2025 /PRNewswire/ -- Flowers Foods, Inc. (NYSE:FLO) today announced that its board of directors has declared a quarterly dividend of $0.24 per share, an increase of 4.3% over the same quarter last year. This is the 90th consecutive quarterly dividend paid by the company and is payable on March 14, 2025, to shareholders of record on February 28, 2025. About Flowers Foods Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE:FLO) is one of the largest producers of packaged bakery foods in the United States with 2024 sales of $5.1 billion. Flowers operates bakeries across the country that produce a wide range of bakery products. Among the company's top brands
THOMASVILLE, Ga., Feb. 7, 2025 /PRNewswire/ -- Flowers Foods, Inc. (NYSE:FLO) today reported financial results for the company's 12-week fourth quarter and 52-week fiscal year ended December 28, 2024. Fourth Quarter Summary:Compared to the prior year fourth quarter where applicable Net sales(1) decreased 1.6% to $1.111 billion as positive pricing/mix was more than offset by volume declines.Net income increased 20.9% to $43.1 million, representing 3.9% of sales, a 70-basis point increase, primarily due to higher operating income resulting from moderating ingredient costs, optimization of our non-retail business, cost savings initiatives, and a decrease in impairment of assets, partially offs
Thomasville, Ga, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Flowers Foods to Report Fourth Quarter and Full Year 2024 Results Flowers Foods, Inc. (NYSE:FLO) will report its fourth quarter and full year 2024 financial results on Friday, February 7, 2025, at 7:00 a.m. Eastern Time. The company will host a live question and answer webcast at 8:30 a.m. Eastern Time the same day. Access to the webcast, along with the press release, pre-recorded remarks by management with accompanying transcript, and supporting slide presentation, will be available and archived at investors.flowersfoods.com. About Flowers Foods Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE:F
Premium brand of better-for-you crackers, cookies, snack bars, and baking mixes expected to spur growth and diversify revenue base Enhances Flowers' growth by adding a scaled, better-for-you snacking platform that is successfully penetrating mainstream consumers and offers significant white space for future growthDiversifies category exposure, bolstering Flowers' exposure to better-for-you and attractive snacking segments through the addition of Simple Mills' market-leading products, which are meaningfully outpacing category growthStrengthens Flowers' financial profile with the transaction expected to be immediately accretive to net sales1 and adjusted EBITDA2 growth and adjusted EBITDA marg
THOMASVILLE, Ga., Nov. 15, 2024 /PRNewswire/ -- Flowers Foods, Inc. (NYSE: FLO) today announced that its board of directors has declared a quarterly dividend of $0.24 per share, an increase of 4.3% over the same quarter last year. This is the 89th consecutive quarterly dividend paid by the company and is payable on December 13, 2024, to shareholders of record on November 29, 2024. About Flowers Foods Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE:FLO) is one of the largest producers of packaged bakery foods in the United States with 2023 sales of $5.1 billion. Flowers operates bakeries across the country that produce a wide range of bakery products. Among the company's top bra
THOMASVILLE, Ga., Nov. 8, 2024 /PRNewswire/ -- Flowers Foods, Inc. (NYSE:FLO) today reported financial results for the company's 12-week third quarter ended October 5, 2024. Third Quarter Summary:Compared to the prior year third quarter where applicable Net sales(1) decreased 0.7% to $1.191 billion as positive pricing/mix was more than offset by volume declines.Net income increased $111.7 million to $65.0 million, primarily due to growth in operating income from a decrease in legal settlements and related costs, partially offset by higher net interest expense. Adjusted net income(2) increased 12.4% to $69.3 million.Adjusted EBITDA(2) increased 10.0% to $133.3 million, representing 11.2% of
Thomasville, GA, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Flowers Foods, Inc. (NYSE:FLO) will report its third quarter 2024 financial results on Friday, November 8, 2024, at 7:00 a.m. Eastern. The company will host a live question and answer webcast at 8:30 a.m. Eastern the same day. A link to the webcast, press release, pre-recorded remarks by management with accompanying transcript, and supporting slide presentation will be posted at investors.flowersfoods.com. A replay will be available at the same link following the event. About Flowers Foods Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE:FLO) is one of the largest producers of packaged bakery foods in the United States with 2
THOMASVILLE, Ga., Aug. 22, 2024 /PRNewswire/ -- Flowers Foods, Inc. (NYSE:FLO) today announced that its board of directors has declared a quarterly dividend of $0.24 per share, an increase of 4.3% over the same quarter last year. This is the 88th consecutive quarterly dividend paid by the company and is payable on September 20, 2024, to shareholders of record on September 6, 2024. About Flowers Foods Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE:FLO) is one of the largest producers of packaged bakery foods in the United States with 2023 sales of $5.1 billion. Flowers operates bakeries across the country that produce a wide range of bakery products. Among the company's top bra
THOMASVILLE, Ga., Aug. 16, 2024 /PRNewswire/ -- Flowers Foods, Inc. (NYSE:FLO) today reported financial results for the company's 12-week second quarter ended July 13, 2024. Second Quarter Summary:Compared to the prior year second quarter where applicable Sales decreased 0.2% to $1.225 billion as positive pricing/mix was more than offset by volume declines, primarily due to business exits.Net income increased 5.0% to $67.0 million, primarily due to growth in operating income, partially offset by higher net interest and income tax expense. Adjusted net income(1) increased 6.5% to $75.5 million.Adjusted EBITDA(1) increased 7.8% to $143.5 million, representing 11.7% of sales, a 90-basis point