THOMASVILLE, Ga., Nov. 19, 2021 /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 its board of directors has
declared a quarterly dividend of $
0.21 per share, an increase of 5% over the same quarter last
year. This is the 77th consecutive quarterly dividend paid by the
company and is payable on December 17,
2021, to shareholders of record on December 3, 2021.
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 2020 sales of $4.4
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–CORP FLO–DIV FLO–IR
Forward-Looking Statements
Statements contained in this filing 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 the timing, scope and expected
benefits of the company's share repurchase authorization and the
ultimate impact of the share repurchase program on our business,
results of operations and financial condition 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 this Annual Report on Form 10-K (the "Form 10-K") 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) 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 (7) accounting standards or tax rates in the markets in which
we operate, (b) the ultimate impact of the COVID-19 outbreak and
measures taken in response thereto, including additional variants
of the virus, the efficacy and distribution of vaccines, and the
impact of federal vaccine mandates on our business, workforce,
results of operations and financial condition, which are highly
uncertain and are difficult to predict, (c) our ability to manage
the demand, supply and operational challenges with the actual or
perceived effects of the COVID-19 pandemic; (d) the loss or
financial instability of any significant customer(s), including as
a result of product recalls or safety concerns related to our
products, (e) changes in consumer behavior, trends and preferences,
including health and whole grain trends, and the movement toward
more inexpensive store branded products, (f) the level of success
we achieve in developing and introducing new products and entering
new markets, (g) our ability to implement new technology and
customer requirements as required, (h) our ability to operate
existing, and any new, manufacturing lines according to schedule,
(i) our ability to implement and achieve our environmental, social,
and governance ("ESG") goals in accordance with suppliers,
regulations, and customers; (j) our ability to execute our business
strategies which may involve, among other things, (1) the
integration of acquisitions or the acquisition or disposition of
assets at presently targeted values, (2) the deployment of new
systems and technology, and (3) an enhanced organizational
structure, (k) consolidation within the baking industry and related
industries, (l) changes in pricing, customer and consumer reaction
to pricing actions (including decreased volumes), and the pricing
environment among competitors within the industry, (m) disruptions
in our direct-store-delivery distribution model, including
litigation or an adverse ruling by a court or regulatory or
governmental body, or other regulatory developments, that could
affect the independent contractor classifications of the
independent distributor partners, (n) increasing legal complexity
and legal proceedings that we are or may become subject to, (o)
labor shortages and turnover or increases in employee and
employee-related costs, (p) the credit, business, and legal risks
associated with independent distributor partners and customers,
which operate in the highly competitive retail food and foodservice
industries, (q) 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, (r) the failure of our
information technology systems to perform adequately, including any
interruptions, intrusions or security breaches of such systems or
risks associated with the planned implementation of a new
enterprise resource planning ("ERP") system; and (s) the potential
impact of climate change on the company, including physical and
transition risks, 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 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 Securities and
Exchange Commission ("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 and Part II,
Item 1A., Risk Factors of the Form 10-Q for the quarter ended
October 9, 2021 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.