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Flowers Foods ( (FLO) ) just unveiled an update.
On February 14, 2025, C. Martin Wood III announced his decision to retire from the board of directors of Flowers Foods at the end of his current term, coinciding with the company’s 2025 annual meeting of shareholders. This decision will result in a reduction of the board’s size from 12 to 11 members. Additionally, on February 21, 2025, Flowers Foods completed the acquisition of Purposeful Foods Holdings, Inc., the parent company of Simple Mills, for $795 million. This acquisition aims to enhance Flowers Foods’ presence in the better-for-you and snacking segments, diversifying its category exposure and improving growth and margin prospects.
More about Flowers Foods
Flowers Foods, Inc., headquartered in Thomasville, Georgia, is one of the largest producers of packaged bakery foods in the United States, with 2024 net sales of $5.1 billion. The company operates bakeries across the country producing a wide range of bakery products, with top brands including Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, and Tastykake.
YTD Price Performance: -7.20%
Average Trading Volume: 1,843,362
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.02B
See more data about FLO stock on TipRanks’ Stock Analysis page.
