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Flowers Foods (NYSE:FLO), Inc., a leading producer and marketer of packaged bakery foods in the United States with a market capitalization of $3.57 billion, announced the results of its Annual Meeting of Shareholders held on May 22, 2025. According to InvestingPro data, the company maintains strong dividend practices, having raised its dividend for 11 consecutive years while achieving a notable 5.82% dividend yield. The company reported that all 11 director-nominees were elected to serve one-year terms, with each nominee receiving a majority of the votes cast.
The shareholders also approved, on an advisory basis, the compensation of the company’s named executive officers. The proposal received more affirmative votes than opposing ones. Additionally, the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm was ratified. With a "GOOD" overall Financial Health Score from InvestingPro, the company’s liquid assets currently exceed its short-term obligations, maintaining a healthy current ratio of 1.26.
A shareholder proposal to adopt a policy for an independent board chair was not approved, as the votes cast in favor did not exceed the votes cast against the proposal.
These decisions were part of the company’s efforts to align with shareholder interests and maintain high standards of corporate governance. The meeting outcomes reflect shareholder support for the company’s current direction and management.
The information provided in this article is based on a press release statement.
In other recent news, Flowers Foods reported its first-quarter earnings for 2025, showing a slight miss on both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $0.35, falling short of the projected $0.38, and revenue of $1.55 billion, which was below the anticipated $1.6 billion. This performance reflects the challenging market conditions, particularly in the bread category, and a cautious outlook for the remainder of the year. Jefferies analyst Scott Marks responded by cutting the price target for Flowers Foods from $20.00 to $16.00, maintaining a Hold rating. The adjustment follows concerns over weaker performance in private label segments and the impact of tariffs. Flowers Foods’ management highlighted the necessity for more aggressive marketing strategies and innovation to navigate the competitive landscape. The company also noted the specific difficulties within the bread market, where certain product categories are facing intensified competition and margin compression. Despite these challenges, Flowers Foods is focusing on innovation and brand differentiation to drive future growth.
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