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 are Nature's Own, Dave's Killer Bread,
Wonder, Canyon Bakehouse, and Tastykake. Learn more
at www.flowersfoods.com.
FLO-IR FLO-DIV FLO-CORP
Forward-Looking Statements
Statements contained in this press release and certain other
written or oral statements made from time to time by Flowers Foods,
Inc. (the "company", "Flowers Foods", "Flowers", "us", "we", or
"our") and its representatives that are not historical facts are
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements relate to
current expectations regarding our business and our future
financial condition and results of operations and are often
identified by the use of words and phrases such as "anticipate,"
"believe," "continue," "could," "estimate," "expect," "intend,"
"may," "plan," "predict," "project," "should," "will," "would," "is
likely to," "is expected to" or "will continue," or the negative of
these terms or other comparable terminology. These forward-looking
statements are based upon assumptions we believe are reasonable.
Forward-looking statements are based on current information and are
subject to risks and uncertainties that could cause our actual
results to differ materially from those projected. Certain factors
that may cause actual results, performance, liquidity, and
achievements to differ materially from those projected are
discussed in our Annual Report on Form 10-K for the year ended
December 30, 2023 (the "Form 10-K")
and Quarterly Reports on Form 10-Q filed with the Securities and
Exchange Commission ("SEC") and may include, but are not limited
to, (a) unexpected changes in any of the following: (1) general
economic and business conditions; (2) the competitive setting in
which we operate, including advertising or promotional strategies
by us or our competitors, as well as changes in consumer demand;
(3) interest rates and other terms available to us on our
borrowings; (4) supply chain conditions and any related impact on
energy and raw materials costs and availability and hedging
counter-party risks; (5) relationships with or increased costs
related to our employees and third-party service providers; (6)
laws and regulations (including environmental and health-related
issues and the impacts of tariffs); and (7) accounting standards or
tax rates in the markets in which we operate, (b) the loss or
financial instability of any significant customer(s), including as
a result of product recalls or safety concerns related to our
products, (c) changes in consumer behavior, trends and preferences,
including health and whole grain trends, and the movement toward
less expensive store branded products, (d) the level of success we
achieve in developing and introducing new products and entering new
markets, (e) our ability to implement new technology and customer
requirements as required, (f) our ability to operate existing, and
any new, manufacturing lines according to schedule, (g) our ability
to implement and achieve our corporate responsibility goals in
accordance with regulatory requirements and expectations of
stakeholders, suppliers, and customers; (h) our ability to execute
our business strategies which may involve, among other things, (1)
the ability to realize the intended benefits of completed, planned
or contemplated acquisitions, dispositions or joint ventures, such
as the acquisition of Purposeful Foods Holdings, Inc. (such
transaction, the "Simple Mills acquisition", including the risk
that we may fail to complete such transaction on the terms
contemplated or at all, and/or realize the expected benefits of any
transaction, (2) the deployment of new systems (e.g., our
enterprise resource planning ("ERP") system), distribution channels
and technology, and (3) an enhanced organizational structure (e.g.,
our sales and supply chain reorganization), (i) consolidation
within the baking industry and related industries, (j) changes in
pricing, customer and consumer reaction to pricing actions
(including decreased volumes), and the pricing environment among
competitors within the industry, (k) our ability to adjust pricing
to offset, or partially offset, inflationary pressure on the cost
of our products, including ingredient and packaging costs; (l)
disruptions in our direct-store-delivery distribution model,
including litigation or an adverse ruling by a court or regulatory
or governmental body that could affect the independent contractor
classifications of the independent distributor partners, and
changes to our direct-store-delivery distribution model in
California, (m) increasing legal complexity and legal proceedings
that we are or may become subject to, (n) labor shortages and
turnover or increases in employee and employee-related costs, (o)
the credit, business, and legal risks associated with independent
distributor partners and customers, which operate in the highly
competitive retail food and foodservice industries, (p) any
business disruptions due to political instability, pandemics, armed
hostilities, incidents of terrorism, natural disasters, labor
strikes or work stoppages, technological breakdowns, product
contamination, product recalls or safety concerns related to our
products, or the responses to or repercussions from any of these or
similar events or conditions and our ability to insure against such
events, (q) the failure of our information technology systems to
perform adequately, including any interruptions, intrusions,
cyber-attacks or security breaches of such systems or risks
associated with the implementation of the upgrade of our ERP
system; and (r) the potential impact of climate change on the
company, including physical and transition risks, availability or
restriction of resources, higher regulatory and compliance costs,
reputational risks, and availability of capital on attractive
terms. The foregoing list of important factors does not include all
such factors, nor does it necessarily present them in order of
importance. In addition, you should consult other disclosures made
by the company (such as in our other filings with the SEC or in
company press releases) for other factors that may cause actual
results to differ materially from those projected by the company.
Refer to Part I, Item 1A., Risk Factors, of the Form 10-K, Part II,
Item 1A., Risk Factors, of the Form 10-Q for the quarter ended
October 5, 2024 and subsequent filings with the SEC for additional
information regarding factors that could affect the company's
results of operations, financial condition and liquidity. We
caution you not to place undue reliance on forward-looking
statements, as they speak only as of the date made and are
inherently uncertain. The company undertakes no obligation to
publicly revise or update such statements, except as required by
law. You are advised, however, to consult any further public
disclosures by the company (such as in our filings with the SEC or
in company press releases) on related subjects.
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SOURCE Flowers Foods, Inc.
