Flowers Foods, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 14, 2022
August 11, 2022 at 04:12 pm EDT
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Flowers Foods, Inc. reported earnings results for the second quarter and six months ended July 14, 2022. For the second quarter, the company reported sales was USD 1,129.05 million compared to USD 1,017.31 million a year ago. Net income was USD 53.68 million compared to USD 56.36 million a year ago. Basic earnings per share from continuing operations was USD 0.25 compared to USD 0.27 a year ago. Diluted earnings per share from continuing operations was USD 0.25 compared to USD 0.26 a year ago.
For the six months, sales was USD 2,564.98 million compared to USD 2,319.48 million a year ago. Net income was USD 139.27 million compared to USD 128.01 million a year ago. Basic earnings per share from continuing operations was USD 0.66 compared to USD 0.6 a year ago. Diluted earnings per share from continuing operations was USD 0.65 compared to USD 0.6 a year ago.
Flowers Foods, Inc. is a producer and marketer of packaged bakery foods in the United States. The Company's products include breads, buns, rolls, snack items, bagels, English muffins, and tortillas and are sold under a variety of brand names, including Nature's Own, Dave's Killer Bread (DKB), Wonder, Canyon Bakehouse, Tastykake, and Mrs. Freshley's. Its fresh baked foods customers include mass merchandisers, supermarkets and other retailers, restaurants, quick-serve chains, food wholesalers, institutions, dollar stores and vending companies. It supplies national and regional restaurants, institutions and foodservice distributors, and retail in-store bakeries with breads and rolls. It sells packaged bakery products to wholesale distributors for ultimate sale to food outlets. It sells packaged snack cakes primarily to customers who distribute them nationwide through multiple channels of distribution, including mass merchandisers, supermarkets, vending outlets and convenience stores.
FLOWERS FOODS, INC. 
