THOMASVILLE, Ga., March 11,
2024 /PRNewswire/ -- Steve
Kinsey, chief financial officer and chief accounting
officer, and J.T. Rieck, executive vice president of finance and
investor relations, of Flowers Foods, Inc. (NYSE: FLO) will
participate in a fireside chat at the BofA Securities 2024
Consumer & Retail Conference on Wednesday, March 13, 2024 at 9:40 a.m. ET.
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 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 brands are Nature's Own,
Dave's Killer Bread, Wonder, Canyon Bakehouse, and
Tastykake. Learn more at www.flowersfoods.com.
FLO-CORP FLO-IR
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 (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 (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 environmental, social, and governance
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, (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 (including the ongoing
conflict between Russia and Ukraine and the
conflict in the Middle East), 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 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.