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Flowers Foods, Inc. engages in the manufacture and sale of bakery products. It operates through the Direct-Store-Delivery (DSD) and Warehouse Delivery segments. Read More The DSD segment produces fresh breads, buns, rolls, tortillas, and cakes sold by a network of independent distributors to retail and foodservice customers. The Warehouse Delivery segment offers snack cakes and frozen breads and rolls under the Mrs. Freshley's, Alpine Valley Bread, and European Bakers brands. The company was founded in 1919 and is headquartered in Thomasville, GA.
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Seeking AlphaMay 24
Flower Foods announces C-suite move
Flower Foods (NYSE:FLO) names Bradley Alexander as the new chief operating officer of the company. Alexander was serving as president of Flowers' Fresh Packaged Bread Business Unit. He now oversees the company's fresh packaged bread and snacking/specialty business units, supply chain and sales, and is responsible for driving the execution of Flowers' strategic initiatives. Shares of Flower Foods are up 25% YTD....
Flowers Foods boosts dividend by 5.6%
Flowers Foods Inc. FLO, +0.54% said Thursday it will raised its quarterly dividend by 5.6% to 19 cents a share, from 18 cents. The packaged bakery foods company, which brands include Wonder, Tastykake and Nature's Own, said the new dividend will be payable June 21 to shareholders of record on June 7. Based on Wednesday's stock closing price of $23.00, the new annual dividend rate implies a dividend yield of 3.30%, compared with the implied yield for the S&P 500 SPX, -1.27% of 2.02%, according to FactSet. Fl...
Yahoo FinanceMay 16
Wall Street Green on Thursday
- By Omar Venerio U.S. stocks were in positive territory on Thursday. The Dow Jones Industrial Average gained 0.91% to 25,877, the S&P 500 index advanced 0.95% to 2,878 and the Nasdaq Composite Index rose 1.01% to 7,901. Shares of Flowers Foods Inc. (FLO) gained more than 6% on Thursday after the company announced first-quarter results. Revenue grew 4.1% from the prior-year quarter to $1.26 billion, beating expectations by $30 million. Earnings of 32 cents per share topped estimates by 2 cents. Scrol...
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