Latest news with #SimpleMills
Yahoo
23-07-2025
- Business
- Yahoo
Flowers Foods (FLO): A Reliable Dividend Stock Still Trading Under $20
Flowers Foods, Inc. (NYSE:FLO) is included among the 13 Best Dividend Stocks to Buy Under $20. A female baker in a spotless kitchen carefully decorating a cake. In May, the company declared a 3.1% hike in its quarterly dividend to $0.2475 per share. The recent dividend marks its 91st consecutive quarterly payment and extends its streak of annual dividend increases to 23 years, underscoring a strong and reliable history of consistent dividend growth. Flowers Foods, Inc. (NYSE:FLO) also reported its financial results for the first quarter of 2025 along with the announcement. Operating cash flow showed solid growth, increasing by $30.5 million to a total of $135.6 million. During this time, the company paid out $52.3 million in dividends, which was $1.2 million higher than the previous quarter. These figures reflect ongoing strength in the company's earnings and its commitment to rewarding shareholders. Flowers Foods, Inc. (NYSE:FLO) also highlighted that the acquisition of Simple Mills was finalized and added $24.3 million to net sales. The deal resulted in a net loss of $4.2 million, which included interest expenses related to the acquisition funding and amortization of intangible assets. It contributed $3.6 million to adjusted EBITDA and had a diluted earnings per share impact of negative $0.02. Flowers Foods, Inc. (NYSE:FLO) is one of the top producers of packaged bakery goods in the United States. It operates bakeries across the country that produce a wide range of baked items. The company's brand lineup features popular names like Nature's Own, Dave's Killer Bread, Canyon Bakehouse, Simple Mills, Wonder, and Tastykake. While we acknowledge the potential of FLO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Yahoo
22-07-2025
- Business
- Yahoo
Flowers Foods (FLO): A Reliable Dividend Stock Still Trading Under $20
Flowers Foods, Inc. (NYSE:FLO) is included among the 13 Best Dividend Stocks to Buy Under $20. A female baker in a spotless kitchen carefully decorating a cake. In May, the company declared a 3.1% hike in its quarterly dividend to $0.2475 per share. The recent dividend marks its 91st consecutive quarterly payment and extends its streak of annual dividend increases to 23 years, underscoring a strong and reliable history of consistent dividend growth. Flowers Foods, Inc. (NYSE:FLO) also reported its financial results for the first quarter of 2025 along with the announcement. Operating cash flow showed solid growth, increasing by $30.5 million to a total of $135.6 million. During this time, the company paid out $52.3 million in dividends, which was $1.2 million higher than the previous quarter. These figures reflect ongoing strength in the company's earnings and its commitment to rewarding shareholders. Flowers Foods, Inc. (NYSE:FLO) also highlighted that the acquisition of Simple Mills was finalized and added $24.3 million to net sales. The deal resulted in a net loss of $4.2 million, which included interest expenses related to the acquisition funding and amortization of intangible assets. It contributed $3.6 million to adjusted EBITDA and had a diluted earnings per share impact of negative $0.02. Flowers Foods, Inc. (NYSE:FLO) is one of the top producers of packaged bakery goods in the United States. It operates bakeries across the country that produce a wide range of baked items. The company's brand lineup features popular names like Nature's Own, Dave's Killer Bread, Canyon Bakehouse, Simple Mills, Wonder, and Tastykake. While we acknowledge the potential of FLO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Sign in to access your portfolio
Yahoo
19-05-2025
- Business
- Yahoo
Flowers Foods lowers guidance as category pressures impact sales
US baked goods producer Flowers Foods has lowered its full-year outlook as category pressures weighed on first-quarter sales. Ryals McMullian, the chairman and CEO of Flowers Foods, said the quarter was marked by 'economic uncertainty and greater than expected category declines'. The company is investing in 'on-trend innovation' targeting 'faster-growing categories' as an offset, he said, noting the entry of the company's Dave's Killer Bread brand into snacking and the recent acquisition of Simple Mills, a US-based biscuit and snack-bar maker. Nature's Own brand owner Flowers Foods has forecast net sales of $5.29bn to $5.39bn, reflecting 3.8% to 5.7% growth over the previous year. Earlier guidance projected net sales of $5.40bn to $5.49bn, indicating a 5.9% to 7.5% year-on-year growth. In January, Flowers Foods expanded its snack portfolio by acquiring Simple Mills for $795m. Excluding that acquisition, net sales for fiscal 2025 are expected to be between $5.08bn and $5.17bn, representing a decline of 0.5% to growth of 1.3%. The previous guidance, excluding Simple Mills, estimated net sales of $5.18bn to $5.26bn, or growth of 1.5% to 3%. Adjusted EBITDA is projected to range from $534m to $562m, compared to the previous estimate of $560m to $591m. Without the Simple Mills acquisition, adjusted EBITDA is expected to be $504m to $529m, down from the prior guidance of $526m to $554m. Adjusted diluted EPS is now projected at $1.05 to $1.15, compared to the earlier estimate of $1.11 to $1.24. Excluding Simple Mills, adjusted diluted EPS is expected to be $1.13 to $1.22, down from the previous $1.18 to $1.28. McMullian said the company's adjusted financial guidance 'reflects our first-quarter performance, the challenging consumer environment, and potential for increased tariff costs'. He added: 'To improve our near-term results, we are gaining additional shelf space, winning new business, and taking other proactive measures, while evolving our business to enable long-term outperformance." Net sales for the quarter ended 19 April dropped to $1.55bn, and net income fell 27.4% to $52.9m. Adjusted EBITDA climbed 1.6% to $162m, while the margin fell 30 basis points to 10.4%. Diluted EPS dipped by $0.09 to $0.25. Simple Mills added $24.3m in net sales along with a net loss of $4.2m, affecting diluted EPS by -$0.02. Flowers Foods said Simple Mills will contribute $218-225m to the year's net sales, down from $223-230m previously. "Flowers Foods lowers guidance as category pressures impact sales" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
16-05-2025
- Business
- Yahoo
Flowers Foods Q1 Earnings & Revenues Miss Estimates, FY25 View Lowered
Flowers Foods, Inc. FLO reported first-quarter fiscal 2025 results, wherein both top and bottom lines missed the Zacks Consensus Estimate. Both net sales and earnings experienced year-over-year declines. Management revised its full-year 2025 outlook, citing first-quarter performance, a challenging consumer environment and the anticipated impact of higher tariff costs. Adjusted earnings per share (EPS) of 35 cents missed the Zacks Consensus Estimate of 38 cents. The bottom line also decreased from 38 cents reported in the year-ago quarter. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Flowers Foods, Inc. price-consensus-eps-surprise-chart | Flowers Foods, Inc. Quote Sales declined 1.4% year over year to $1,554 million. The top line missed the Zacks Consensus Estimate of $1,603 million. Price/mix declined 0.3%, impacted by increased promotional activity in branded retail. Volumes dropped 2.7%, mainly due to decreases in traditional loaf bread and cake. The Simple Mills acquisition added 1.6%. We estimated the price/mix to be up 1.4% and volumes to decline 1.1% in the first retail sales inched down 0.4% to $1,011 million, due to lower volumes and an unfavorable price/mix due to heightened promotional activity. These headwinds were partially offset by contributions from the Simple Mills acquisition. The pricing/mix inched down 0.9%, sales volume decreased 1.9% and the Simple Mills acquisition contributed 2.4%. We anticipated the price/mix and volumes to be down 1.1% each in the fiscal first sales decrease 3.3% to $543 million, impacted by inflationary pressure on consumer spending and the execution of non-retail margin optimization strategies. While pricing/mix improved 0.4% and volume declined 3.7%. We estimated the price/mix to be up 6% and volumes to decline 1% in the fiscal first quarter. Materials, supplies, labor and other production costs (exclusive of depreciation and amortization) contracted 50 basis points (bps) to 50.1% of sales on moderating ingredient expenses. This improvement was partially offset by lower production volumes, higher workforce-related expenses and increased outside product distribution and administrative (SD&A) expenses were 40.8% of sales, up 110 bps. The increase in SD&A costs as a percentage of net sales was driven by higher workforce-related expenses, acquisition-related costs and vehicle rental fees. These were partially offset by lower distributor distribution fees, savings from cost-reduction initiatives implemented after the fiscal first quarter of the prior year and reduced incentive compensation. Adjusted SD&A expenses were 39.5% of sales, up 20 bps from the year-ago quarter. Adjusted EBITDA increased 1.6% to $162 million. The adjusted EBITDA margin was 10.4%, expanding 30 bps. We anticipated an adjusted EBITDA margin increase of 50 bps to 10.6% for the quarter under review. FLO ended its fiscal first quarter with cash and cash equivalents of nearly $7.3 million and long-term debt of $1,790.4 million. Stockholders' equity at the quarter end was $1,415.6 the fiscal first quarter, cash flow from operating activities totaled $135.6 million and capital expenditures were $25.6 million. The company paid out dividends worth $52.3 million during this time. Image Source: Zacks Investment Research For fiscal 2025, management now expects net sales in the range of $5.297-$5.395 billion, indicating a 3.8% to 5.7% increase year over year. This forecast is revised from the previous guidance of $5.403-$5.487 billion, implying a 5.9% to 7.5% increase year over EBITDA is likely to be in the range of $534-$562 million compared with $560-$591 million projected earlier and $538.5 million recorded in fiscal 2024. For fiscal 2025, adjusted EPS is envisioned in the range of $1.05-$1.15 compared with the earlier view of $1.11-$1.24 and $1.28 delivered in fiscal expects depreciation and amortization in the range of $170-$175 million, while net interest expenses are likely to be $63-$68 million. For fiscal 2025, capital expenditures are expected in the range of $140-$150 Zacks Rank #3 (Hold) stock has lost 6.6% in the past three months compared with the industry's decline of 0.2%. Nomad Foods Limited NOMD manufactures, markets and distributes a range of frozen food products in the United Kingdom and internationally. It currently sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Nomad Foods' current fiscal-year sales and earnings implies growth of 5% and 7.3%, respectively, from the prior-year levels. NOMD delivered a trailing four-quarter earnings surprise of 3.2%, on International, Inc. MDLZ manufactures, markets and sells snack food and beverage products in Latin America, North America, Asia, the Middle East, Africa and Europe. It presently carries a Zacks Rank of 2 (Buy). MDLZ delivered a trailing four-quarter earnings surprise of 9.8%, on average. The Zacks Consensus Estimate for Mondelez International's current financial-year sales indicates growth of 4.9% from the year-ago numbers. Oatly Group AB OTLY, an oatmilk company, provides a range of plant-based dairy products made from oats. It presently carries a Zacks Rank of 2. OTLY delivered a trailing four-quarter earnings surprise of 25.1%, on consensus estimate for Oatly Group's current fiscal-year sales and earnings implies growth of 2.7% and 56.6%, respectively, from the year-ago figures. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Flowers Foods, Inc. (FLO) : Free Stock Analysis Report Mondelez International, Inc. (MDLZ) : Free Stock Analysis Report Nomad Foods Limited (NOMD) : Free Stock Analysis Report Oatly Group AB Sponsored ADR (OTLY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
16-05-2025
- Business
- Yahoo
Flowers Foods Cuts Annual Outlook As Tariffs Bite Into Profit
Flowers Foods, Inc. (NYSE:FLO) reported first-quarter adjusted earnings per share of 35 cents, missing the analyst consensus estimate of 38 cents. Quarterly sales of $1.55 billion (down 1.4% year over year) missed the analyst consensus estimate of $1.60 billion. Adjusted EBITDA increased 1.6% to $162.0 million, representing 10.4% of net sales, a 30-basis point increase. The company said it had completed the acquisition of Simple Mills, which contributed $24.3 million in net sales, net loss of $4.2 million, and $3.6 million to adjusted EBITDA.'Despite economic uncertainty and greater than expected category declines in the first quarter, Flowers' performance underscores the importance of our leading brands, each of which maintained or gained unit and dollar share. To mitigate category weakness, we are continuing to invest in on-trend innovation and targeting significant opportunities in faster-growing categories and adjacencies,' said Ryals McMullian, chairman and CEO of Flowers Foods. 'Our adjusted 2025 financial guidance reflects our first quarter performance, the challenging consumer environment, and the potential for increased tariff costs. To improve our near-term results, we are gaining additional shelf space, winning new business, and taking other proactive measures while evolving our business to enable long-term outperformance,' McMullian added. Net income decreased 27.4% to $53.0 million, representing 3.4% of sales, a 120-basis point decrease year over year. Outlook: Flowers Foods lowered its FY2025 GAAP EPS guidance to $0.95 to $1.05, below the $1.16 consensus estimate. The company also cut its sales outlook to $5.30 billion to $5.39 billion from the prior $5.40 billion to $5.49 billion range, compared with the $5.41 billion estimate. Flowers Foods cut its FY2025 adjusted EPS guidance to $1.05 to $1.15 from $1.18 to $1.28, compared with the $1.16 estimate. It also lowered sales guidance, excluding the Simple Mills acquisition, to $5.08 billion to $5.17 billion from $5.18 billion to $5.26 billion, compared with the $5.41 billion estimate. According to Benzinga Pro, FLO stock has lost over 32% in the past year. Investors can gain exposure to the stock via First Trust Cons. Staples AlphaDEX (NYSE:FXG). Price Action: FLO shares are trading lower by 0.38% to $17.01 at the last check on Friday. Image by Kritchai7752 via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? FLOWERS FOODS (FLO): Free Stock Analysis Report This article Flowers Foods Cuts Annual Outlook As Tariffs Bite Into Profit originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
