FLO on NYSE

Flowers Foods

Logo: flowersfoods.com5

Commercial bakery company in the United States

Flowers Foods, Inc., headquartered in Thomasville, Georgia, is a producer and marketer of packaged bakery foods in the United States. The company operates 44 bakeries across 19 states that produce a variety of products, including bread, buns, snack cakes, rolls, tortillas and pastries. As of February 2013, Flowers Foods had grown to be the "second-largest baking company in the United States."3 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$5.3BRevenue, fiscal 20266
$83.8MNet income, fiscal 20266
1919Founded1

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  • TickerFLO on NYSE1
  • IndustryFood and Kindred Products1
  • HeadquartersThomasville1
  • Websitewww.flowersfoods.com
  • Incorporated inGA7
  • Business address1919 Flowers Circle, Thomasville, Ga 317577
  • Filer categoryLarge accelerated filer7
  • Legal formProfit Corporation4
  • LEI7YNCQQNDK8FBM9BBTK254
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 30092 Peachtree Corners, United States4
  • Registered withGeorgia Secretary of State Corporations Division, 00462734
Flowers Bakery Headquarters, Thomasville
Photo: Michael Rivera, CC BY-SA 3.0, via Wikimedia Commons10

Flowers Foods, Inc., headquartered in Thomasville, Georgia, is a producer and marketer of packaged bakery foods in the United States. The company operates 44 bakeries across 19 states that produce a variety of products, including bread, buns, snack cakes, rolls, tortillas and pastries. As of February 2013, Flowers Foods had grown to be the "second-largest baking company in the United States."3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

3.3%Operating margin6
1.6%Net margin6
6.4%Return on equity6
1.04×Debt to equity6
$319.1MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Branded Retail brought in 66% of the revenue Flowers Foods broke down this way in fiscal 2025.

  1. Branded Retail$3.5B666%up 6% from 2024
  2. Other$1.8B634%down 3% from 2024
Products and services by year
Products and services202320242025
Branded Retail$3.3B$3.3B$3.5B
Other$1.8B$1.8B$1.8B

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Research and development0¢$9.3K
  • Selling, general and admin39¢$2.1B
  • Other costs57¢$3.0B
  • Interest1¢$76.7M
  • Income tax1¢$31.2M
  • Profit2¢$83.8M

Out of $5.3B in revenue.6

Where each dollar of operating cash went, fiscal 2026

  • Capital spending28¢$127.1M
  • Dividends paid47¢$209.3M
  • Share buybacks1¢$5.5M
  • Kept or used elsewhere23¢$104.3M

Out of $446.2M of cash from operations.6

Financial statements

Revenue1112136$5.3B in 2026+27% since 2019
0$2.0B$4.0B$6.0B2019: $4.1B$4.1B20192021: $4.4B$4.4B2021+6%2022: $4.8B$4.8B2022+10%2023: $5.1B$5.1B2023+6%2024: $5.1B$5.1B2024+0%2026: $5.3B$5.3B2026+3%
Operating income1112136$174.0M in 2026−23% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $225.4M$225.4M20192021: $321.5M$321.5M2021+43%2022: $303.2M$303.2M2022−6%2023: $172.9M$172.9M2023−43%2024: $348.3M$348.3M2024+101%2026: $174.0M$174.0M2026−50%
Net income1112136$83.8M in 2026−49% since 2019
0$100.0M$200.0M$300.0M2019: $164.5M$164.5M20192021: $152.3M$152.3M2021−7%2022: $228.4M$228.4M2022+50%2023: $123.4M$123.4M2023−46%2024: $248.1M$248.1M2024+101%2026: $83.8M$83.8M2026−66%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Net sales$5.3B$5.1B$5.1B
Materials, supplies, labor and other production costs (exclusive of depreciation and amortization shown separately below)$2.7B$2.6B$2.6B
Selling, distribution and administrative expenses$2.1B$2.0B$2.1B
Depreciation and amortization$167.4M$159.2M$151.7M
Restructuring charges$6.1M$7.4M$7.1M
Plant closure costs and impairment of assets$7.4M$10.3M$7.3M
Impairment of intangible assets$136.0M
Loss on inferior ingredients$2.7M
Income from operations$174.0M$348.3M$172.9M
Interest expense$76.7M$37.1M$36.6M
Interest income-$17.4M-$17.5M-$20.6M
Other components of net periodic pension and postretirement benefits credit-$381.0K-$273.0K-$269.0K
Income before income taxes$115.1M$328.9M$157.1M
Income tax expense$31.2M$80.8M$33.7M
Net income$83.8M$248.1M$123.4M
Net income per common share$0.40$1.18$0.58
Weighted average shares outstanding211.3M shares211.0M shares211.6M shares
Net income per common share$0.40$1.17$0.58
Weighted average shares outstanding212.1M shares212.1M shares213.4M shares
Cash dividends paid per common share$0.98$0.95$0.91

Compare Flowers Foods with another company

Corporate structure

Flowers Foods sits at the top of its group. 95 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Flowers Foods

  • Flowers Foods Thomasville, Georgia, United States
    • Bailey Street Bakery, LLC Subsidiary · Alabama, United States
    • C&G Holdings, Inc. Subsidiary · Delaware, United States
    • Canyon Bakehouse, LLC Subsidiary · Colorado, United States
    • CK Sales Co., LLC Subsidiary · Delaware, United States
    • Daffodil Acquisition Sub, LLC Subsidiary · Delaware, United States
    • Dave's Killer Bread, Inc. Subsidiary · Oregon, United States
    • Derst Baking Company, LLC Subsidiary · Georgia, United States
    • DKB Organic Bakeries, LLC Subsidiary · Oregon, United States
    • Flowers Bakeries Brands, LLC Subsidiary · Delaware, United States
    • Flowers Bakeries Sales of Alabama, LLC Subsidiary · Alabama, United States
    • Flowers Bakeries Sales of Desert Mountain, LLC Subsidiary · Nevada, United States
    • Flowers Bakeries Sales of Desert Southwest, LLC Subsidiary · Arizona, United States
    • Flowers Bakeries Sales of Florida, LLC Subsidiary · Florida, United States
    • Flowers Bakeries Sales of Georgia, LLC Subsidiary · Georgia, United States
    • Flowers Bakeries Sales of Louisiana, LLC Subsidiary · Louisiana, United States
    • Flowers Bakeries Sales of Mid Atlantic, LLC Subsidiary · North Carolina, United States
    • Flowers Bakeries Sales of Midwest, LLC Subsidiary · Ohio, United States
    • Flowers Bakeries Sales of NE Metro North, LLC Subsidiary · New Jersey, United States
    • Flowers Bakeries Sales of NE Metro South, LLC Subsidiary · Pennsylvania, United States
    • Flowers Bakeries Sales of New England, LLC Subsidiary · Maine, United States
    • Flowers Bakeries Sales of NorCal, LLC Subsidiary · California, United States
    • Flowers Bakeries Sales of North Texas, LLC Subsidiary · Texas, United States
    • Flowers Bakeries Sales of SoCal, LLC Subsidiary · California, United States
    • Flowers Bakeries Sales of South Texas, LLC Subsidiary · Texas, United States
    • Flowers Bakeries Sales of Tennessee, LLC Subsidiary · Tennessee, United States
    • and 69 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Flowers Foods reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$134.5M6 Jan 3, 2026$130.2M6 Dec 28, 2024+3.3%
Buildings and improvements$626.4M6 Jan 3, 2026$624.3M6 Dec 28, 2024+0.3%
Machinery and equipment$1.5B6 Jan 3, 2026$1.4B6 Dec 28, 2024+2.3%
Furniture and fixtures$324.0M6 Jan 3, 2026$317.0M6 Dec 28, 2024+2.2%
Computer equipment and software$85.4M6 Jan 3, 2026$99.1M6 Dec 28, 2024−13.8%
Construction in progress$63.5M6 Jan 3, 2026$60.6M6 Dec 28, 2024+4.9%
Property and equipment, before depreciation$2.6B6 Jan 3, 2026$2.6B6 Dec 28, 2024+1.9%
Accumulated depreciation$1.7B6 Jan 3, 2026$1.6B6 Dec 28, 2024+3.8%
Property and equipment, net$952.7M6 Jan 3, 2026$964.3M6 Dec 28, 2024−1.2%
Finance-lease assets$295.0K6 Jan 3, 2026$166.0K6 Dec 28, 2024+77.7%
Operating-lease assets (leased space)$320.8M6 Jan 3, 2026$318.6M6 Dec 28, 2024+0.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$12.1M6 Jan 3, 2026$5.0M6 Dec 28, 2024+141.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.0B6 Jan 3, 2026$679.9M6 Dec 28, 2024+54.1%
Intangible assets, net (excluding goodwill)$137.0K6 Jan 3, 2026$314.0K6 Dec 28, 2024−56.4%
Indefinite-lived intangibles (excluding goodwill)$482.5M6 Jan 3, 2026$127.1M6 Dec 28, 2024+279.6%
Finite-lived intangibles, gross$873.3M6 Jan 3, 2026$831.5M6 Dec 28, 2024+5.0%
Accumulated amortization$371.2M6 Jan 3, 2026$332.2M6 Dec 28, 2024+11.7%
Finite-lived intangibles, net$502.2M6 Jan 3, 2026$499.3M6 Dec 28, 2024+0.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$201.7M6 Jan 3, 2026$171.9M6 Dec 28, 2024+17.3%
Raw materials$75.2M6 Jan 3, 2026$67.3M6 Dec 28, 2024+11.8%
Finished goods$98.0M6 Jan 3, 2026$77.0M6 Dec 28, 2024+27.2%
Supplies$28.5M6 Jan 3, 2026$27.6M6 Dec 28, 2024+3.2%

Properties, in its own words

Our principal executive offices are company owned and located in Thomasville, Georgia. The company also leases properties that are used for shared services functions and our IT group and owns several properties for our corporate offices. The company also has an additional shared services center in Phoenix, Arizona.

We operate 44 bakeries across the continental U.S. Each of the listed bakeries is company owned except for Modesto, California and Philadelphia, Pennsylvania. We believe that our bakeries have adequate production utilization and can meet the current operational requirements for the operation of the business. As discussed in Item 1., Business, of this Form 10-K, the company has restructured its plant operation responsibilities from the sales function to the supply chain function. Additionally, across the continental U.S. in the markets we serve, we own approximately 140 warehouse/distribution centers and lease approximately 500 warehouse/distribution centers.

The rest of Item 2

The table below sets forth the production and sales operations in our bakeries:

Alabama · Kansas · Tennessee

Birmingham (P) · Lenexa (PS) · Cleveland (P)

Montgomery (P) · Kentucky · Crossville (PS)*

Tuscaloosa (P) · Bardstown (P) · Knoxville (P)

Arizona · London (PS)* · Texas

Mesa (PS)* · Louisiana · Denton (P)

Tolleson (P) · Lafayette (P) · El Paso (PS)

Arkansas · New Orleans (PS) · Houston (P)

Batesville (PS) · Maine · Houston (PS)

Texarkana (P) · Lewiston (P) · San Antonio (PS)

California · Lewiston (PS) · Tyler (PS)

Modesto (Leased) (P) · Nevada · Utah

Colorado · Henderson (PS) · West Jordan (P)

Johnstown (P) · North Carolina · Virginia

Florida · Goldsboro (PS) · Lynchburg (P)

Bradenton (P) · Jamestown (P) · Norfolk (PS)

Jacksonville (P) · Newton (P)

Lakeland (P) · Oregon

Miami (P) · Milwaukie (PS)*

Georgia · Pennsylvania

Savannah (P) · Oxford (PS)

Suwanee (P) · Philadelphia (Leased) (PS)

Thomasville (PS)

Tucker (P)

Villa Rica (P)

P - Production Only

PS - Production and Sales

*Only thrift store sales

We believe our facilities are well-maintained and adequate, that they are being appropriately utilized and that they have sufficient production utilization for their present intended purposes. Utilization is actual labor time as a percent of available hours of production in a week (based on 120 hours/week for three shifts). On a consolidated basis during Fiscal 2025, our average quarterly production utilization ranged from 90% to 99% across all bakeries. During heightened periods of demand, the company can improve utilization by streamlining production with longer production runs and fewer differentiated products produced. Production utilization is not materially different when a sales facility is also located at the bakery.

Item 2 of the 10-K filed Feb 25, 2026.18

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

1914–1942

In 1914, brothers William Howard and Joseph Hampton Flowers founded the Flowers Ice Cream Company in Thomasville, Georgia. To meet local demand for fresh bread, they established the Flowers Baking Company in 1919. The bakery initially sold 500 loaves of "Flowers Quality Bread" on its first morning, utilizing modern equipment capable of producing 30,000 loaves daily. Throughout the 1920s, the company expanded its distribution of bread, rolls, and cakes via rail into southern Georgia, Alabama, and Florida.

During the company's early years, William Howard Flowers managed the bakery while Joseph Hampton Flowers oversaw the ice cream operations. In 1929, the firm completed its first divestiture by selling the ice cream division to Foremost Dairies. Following the death of William Howard Flowers in 1934, his son, William Howard Flowers Jr., assumed leadership of the bakery.

The company made its first acquisition in 1937 by purchasing the Tally Maid Bakery of Tallahassee, Florida. During World War II, the bakery operated continuously to supply bread to U.S. military camps across the southeastern United States. In 1942, Flowers became the sixth bakery in the country to franchise Quality Bakers of America's Sunbeam brand, incorporating the Little Miss Sunbeam mascot on its packaging.

1960s–1980s

During the 1960s, Flowers expanded by purchasing bakeries in Panama City, Florida and Opelika, Alabama. The company constructed a new bakery in Jacksonville, Florida in 1965, and entered the metropolitan Atlanta market two years later by acquiring the Atlanta Baking Company.

In 1968, the company launched an initial public offering, changed its name to Flowers Industries Inc., and began trading over-the-counter. The following year, the company listed on the American Stock Exchange. The stock offering raised over $2 million, funding a series of acquisitions of bakeries across Virginia, Alabama, Louisiana, and the Carolinas. Flowers entered the frozen foods market in 1976 by purchasing Stilwell Foods, a frozen vegetable producer.

To accommodate its growth, the company moved its headquarters in 1975 to a new 15-acre corporate complex south of Thomasville, Georgia. Flowers listed on the New York Stock Exchange in 1982 under the ticker symbol "FLO" and debuted on the Fortune 500 list of the largest U.S. industrial corporations the following year at number 470. During the 1980s, the company temporarily diversified into selling sandwiches and cookies, exiting both ventures by the end of the decade while continuing to acquire bakeries across the southeastern and southwestern United States.

1990s–present

In 1996, Flowers Industries expanded its portfolio by acquiring the Mrs. Smith's frozen dessert brand and entering a joint venture to purchase the Keebler Company. By the early 2000s, the company refocused on its core snack cake and bread operations. It divested its interest in Keebler Company in 2001 for $1.2 billion, subsequently restructuring and rebranding as Flowers Foods. The company then sold Mrs. Smith's in 2003.

Flowers Foods continues to pursue acquisitions to expand into emerging product categories. These initiatives include targing the Hispanic market with its Mi Casa tortilla line, and offering organic products—such as Dave's Killer Bread and Alpine Valley Bread—alongside keto-friendly items and smaller loaf variations under its Nature's Own Brand.

From Wikipedia’s article on Flowers Foods, shared under CC BY-SA 4.0.8

Leadership

Who has led Flowers Foods, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (45)

Products and brands

  • Wonder Bread

Listed on Wikidata.1

Subsidiaries and ownership

Also owns

Subsidiaries (Exhibit 21)

  • Bailey Street Bakery, LLC Alabama9
  • C&G Holdings, Inc. Delaware9
  • CK Sales Co., LLC Delaware9
  • Canyon Bakehouse, LLC Colorado9
  • DKB Organic Bakeries, LLC Oregon9
  • Daffodil Acquisition Sub, LLC Delaware9
  • Dave's Killer Bread, Inc. Oregon9
  • Derst Baking Company, LLC Georgia9
  • Flowers Bakeries Brands, LLC Delaware9
  • Flowers Bakeries Sales of Alabama, LLC Alabama9
  • Flowers Bakeries Sales of Desert Mountain, LLC Nevada9
  • Flowers Bakeries Sales of Desert Southwest, LLC Arizona9
  • Flowers Bakeries Sales of Florida, LLC Florida9
  • Flowers Bakeries Sales of Georgia, LLC Georgia9
  • Flowers Bakeries Sales of Louisiana, LLC Louisiana9
  • Flowers Bakeries Sales of Mid Atlantic, LLC North Carolina9
  • Flowers Bakeries Sales of Midwest, LLC Ohio9
  • Flowers Bakeries Sales of NE Metro North, LLC New Jersey9
  • Flowers Bakeries Sales of NE Metro South, LLC Pennsylvania9
  • Flowers Bakeries Sales of New England, LLC Maine9
  • Flowers Bakeries Sales of NorCal, LLC California9
  • Flowers Bakeries Sales of North Texas, LLC Texas9
  • Flowers Bakeries Sales of SoCal, LLC California9
  • Flowers Bakeries Sales of South Texas, LLC Texas9
All 94 listed subsidiaries
  • Flowers Bakeries Sales of Tennessee, LLC Tennessee9
  • Flowers Bakeries Sales of Utah, LLC Utah9
  • Flowers Bakeries Sales, LLC Georgia9
  • Flowers Bakeries, LLC Georgia9
  • Flowers Bakery of Cleveland, LLC Tennessee9
  • Flowers Bakery of Crossville, LLC Tennessee9
  • Flowers Bakery of London, LLC Kentucky9
  • Flowers Bakery of Montgomery, LLC Alabama9
  • Flowers Bakery of Suwanee, LLC Georgia9
  • Flowers Bakery of Texarkana, LLC Arkansas9
  • Flowers Baking Co. of Bardstown, LLC Kentucky9
  • Flowers Baking Co. of Batesville, LLC Arkansas9
  • Flowers Baking Co. of Baton Rouge, LLC Louisiana9
  • Flowers Baking Co. of Biddeford, LLC Maine9
  • Flowers Baking Co. of Birmingham, LLC Alabama9
  • Flowers Baking Co. of Bradenton, LLC Florida9
  • Flowers Baking Co. of California, LLC California9
  • Flowers Baking Co. of Denton, LLC Texas9
  • Flowers Baking Co. of Denver, LLC Colorado9
  • Flowers Baking Co. of El Paso, LLC Texas9
  • Flowers Baking Co. of Florida, LLC Florida9
  • Flowers Baking Co. of Henderson, LLC Nevada9
  • Flowers Baking Co. of Houston, LLC Texas9
  • Flowers Baking Co. of Jacksonville, LLC Florida9
  • Flowers Baking Co. of Jamestown, LLC North Carolina9
  • Flowers Baking Co. of Knoxville, LLC Tennessee9
  • Flowers Baking Co. of Lafayette, LLC Louisiana9
  • Flowers Baking Co. of Lakeland, Inc. Delaware9
  • Flowers Baking Co. of Lenexa, LLC Kansas9
  • Flowers Baking Co. of Miami, LLC Florida9
  • Flowers Baking Co. of Modesto, LLC California9
  • Flowers Baking Co. of Morristown, LLC Tennessee9
  • Flowers Baking Co. of New Orleans, LLC Louisiana9
  • Flowers Baking Co. of Newton, LLC North Carolina9
  • Flowers Baking Co. of Norfolk, LLC Virginia9
  • Flowers Baking Co. of Ohio, LLC Ohio9
  • Flowers Baking Co. of Opelika, LLC Alabama9
  • Flowers Baking Co. of Oxford, Inc. Pennsylvania9
  • Flowers Baking Co. of Portland, LLC Oregon9
  • Flowers Baking Co. of San Antonio, LLC Texas9
  • Flowers Baking Co. of Texas, LLC Texas9
  • Flowers Baking Co. of Thomasville, LLC Georgia9
  • Flowers Baking Co. of Tucker, LLC Georgia9
  • Flowers Baking Co. of Tyler, LLC Georgia9
  • Flowers Baking Co. of Utah, LLC Utah9
  • Flowers Baking Co. of Villa Rica, LLC Georgia9
  • Flowers Finance II, LLC Delaware9
  • Flowers Finance, LLC Delaware9
  • Flowers Foods Specialty Group, LLC Georgia9
  • Flowers Specialty Brands, LLC South Carolina9
  • Flowers Ventures, LLC Georgia9
  • Flowers Warehouse Sales, Inc. Tennessee9
  • Franklin Baking Company, LLC North Carolina9
  • Holsum Bakery of Tolleson, LLC Arizona9
  • Holsum Bakery, Inc. Arizona9
  • Holsum Holdings, LLC Arizona9
  • KKB Acquisition, LLC Delaware9
  • Leeland Baking Co., LLC Texas9
  • Lepage Bakeries Brattleboro, LLC Vermont9
  • Lepage Bakeries Cedar Street, LLC Maine9
  • Lepage Bakeries Park Street, LLC Maine9
  • Lynchburg Organic Baking Co., LLC Virginia9
  • Mesa Organic Baking Co., Inc. Arizona9
  • Purposeful Foods Holdings, Inc. Delaware9
  • Purposeful Foods Intermediate Holdings, Inc. Delaware9
  • Simple Mills, Inc. Delaware9
  • Stevens Street Properties, LLC Georgia9
  • Tasty Baking Company Pennsylvania9
  • Tasty Baking Sales, LLC Pennsylvania9
  • Tuscaloosa Organic Baking Co., LLC Alabama9

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Acquisitions

In 1976, the company entered the frozen foods market by acquiring Stilwell Foods of Stilwell, Oklahoma, along with its Rio Grande Foods unit in McAllen, Texas. In 1996, Flowers acquired both the Keebler Company and Mrs. Smith's Pies. However, in 2001 it sold its investment in Keebler to the Kellogg Company. Its remaining business units, Flowers Bakeries and Mrs. Smith's Bakeries, were spun off into a new entity named Flowers Foods. In 2002, the company restructured into three divisions: Flowers Bakeries, Flowers Snack, and Mrs. Smith's Bakeries.

In late 2002, Flowers purchased Ideal Baking Company and acquired Bishop Baking Company from Kellogg, expanding its presence into north Arkansas, southern Missouri, and parts of Tennessee, including Memphis. In 2003, Flowers sold its Mrs. Smith's frozen dessert business to the Schwan Food Company and renamed the Flowers Snack division, resulting in two divisions: Flowers Bakeries and Flowers Specialty.

In 2005, Flowers acquired Royal Cake Company and continued operating its bakery in Winston-Salem, North Carolina. In February 2006, Flowers purchased Derst Baking Co. of Savannah, Georgia, which retained its name under the Flowers Foods Bakeries Group. In 2008, Flowers acquired ButterKrust Bakery in Lakeland, Florida and Holsum Bakery in Phoenix. In 2009, the company purchased Leo's Foods, a tortilla manufacturer.

Acquisitions continued into the 2010s. In 2011, Flowers acquired Philadelphia-based snack cake maker Tastykake, expanding into the mid-Atlantic region. In 2012, it purchased Lepage Bakeries in Maine and acquired assets and licenses from Bimbo Bakeries for the Sara Lee and Earthgrains brands in California and Oklahoma City. In 2013, the company purchased most of the bread brands of Hostess Brands, including Wonder Bread, along with 20 closed Hostess bakeries.

Read the full text

Flowers Foods made three acquisitions in 2015: Dave's Killer Bread of Milwaukie, Oregon, for $275 million in cash; Alpine Valley Bread Co., an organic bakery in Mesa, Arizona; and the North American rights to the Roman Meal trademark for bread, buns, and rolls. At the end of 2018, Flowers Foods acquired Canyon Bakehouse, a privately held gluten-free bread company based in Johnstown, Colorado. With that purchase, the company had acquired 16 companies since 2003.

Flowers Foods bought Papa Pita for an undisclosed amount in 2023. Most recently, in the first quarter of 2025, Flowers Foods acquired Simple Mills for $795 million in cash.

From Wikipedia’s article on Flowers Foods, shared under CC BY-SA 4.0.8

Timeline

  1. Aug 28, 20268-K Bylaws or fiscal year changed83
  2. Aug 20, 20268-K Results of operations84
  3. Jun 5, 20268-K Executive or director change85
  4. Jun 2, 20268-K Shareholder vote86
  5. May 21, 20268-K Results of operations; Other events87
  6. Apr 7, 20268-K Entered a material agreement; New debt or obligation88
  7. Mar 30, 20268-K Executive or director change89
  8. Feb 23, 20268-K Executive or director change90
  9. Feb 12, 20268-K Results of operations91
  10. Jan 6, 20268-K Executive or director change92
  11. Nov 19, 20258-K Executive or director change93
  12. Nov 6, 20258-K Results of operations94
  13. May 28, 2019New chief executive Ryals McMullian becomes CEO19
  14. Jun 4, 2013New chief executive Allen L. Shiver becomes CEO20
  15. Jan 5, 2006New chief executive George E. Deese becomes CEO21
  16. 1919Founded Founded1

Calendar

Coming up

  1. Nov 5, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.23 a share, on Nov 6, 2025.95

When it reported results

  1. Aug 20, 2026Reported quarterly or annual results84
  2. May 21, 2026Reported quarterly or annual results87
  3. Feb 12, 2026Reported quarterly or annual results91
  4. Nov 6, 2025Reported quarterly or annual results94
  5. Aug 15, 2025Reported quarterly or annual results96
  6. May 16, 2025Reported quarterly or annual results97
  7. Feb 7, 2025Reported quarterly or annual results98
  8. Nov 8, 2024Reported quarterly or annual results99

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

376 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 44 major events, 251 insider forms, 20 large holders, 41 other. The latest 20:

  1. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  2. Oct 8, 2026144 EDGAR
  3. Aug 28, 2026S-3ASR EDGAR
  4. Aug 28, 20268-K EDGAR
  5. Aug 20, 202610-Q EDGAR
  6. Aug 20, 20268-K EDGAR
  7. Aug 7, 2026SCHEDULE 13G EDGAR
  8. Jul 31, 2026SCHEDULE 13G/A EDGAR
  9. Jul 28, 2026SCHEDULE 13G/A EDGAR
  10. Jun 18, 202611-K EDGAR
  11. Jun 16, 20264 PRIMARY DOCUMENT EDGAR
  12. Jun 10, 20264 PRIMARY DOCUMENT EDGAR
  13. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  14. Jun 5, 20268-K EDGAR
  15. Jun 4, 2026SCHEDULE 13G/A EDGAR
  16. Jun 2, 20268-K EDGAR
  17. Jun 1, 20264 PRIMARY DOCUMENT EDGAR
  18. Jun 1, 20264 PRIMARY DOCUMENT EDGAR
  19. Jun 1, 20264 PRIMARY DOCUMENT EDGAR
  20. Jun 1, 20264 PRIMARY DOCUMENT EDGAR

The 376 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

22 open-market trades by officers, directors and large owners since October 2021: 12 buys and 10 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 8, 2026SCAGLIONE DIEGO ANTHONYChief Financial OfficerBuy5,000$7.51$37.5KForm 4
Apr 1, 2026McMullian RyalsChairman and CEOSale209,000$8.03$1.7MForm 4
Jan 2, 2026McMullian RyalsChairman and CEOSale209,000$10.87$2.3MForm 4
Dec 3, 2025STITH MELVIN TDirectorBuy456$10.90$5.0KForm 4
Sep 25, 2025McMullian RyalsChairman and CEOSale350,000$12.83$4.5MForm 4
Sep 9, 2025Cox CindyChief Human Resources OfficerSale3,600$15.00$54.0KForm 4
May 27, 2025DEESE GEORGE EDirectorBuy6,000$16.84$101.0KForm 4
May 27, 2025McFadden William JamesonDirectorBuy3,000$16.92$50.8KForm 4
May 27, 2025Chubb Thomas Caldecot IIIDirectorBuy3,000$16.88$50.6KForm 4
Apr 2, 2024Casey Edward J. Jr.DirectorBuy5,000$23.55$117.8KForm 4
Mar 11, 2024THOMAS TERRY SChief Growth OfficerSale36,577$23.11$845.3KForm 4
Dec 20, 2023KINSEY R STEVEChief Financial OfficerBuy1,780$22.46$40.0KForm 4
Dec 19, 2023TILLMAN STEPHANIE BChief Legal CounselBuy700$22.37$15.7KForm 4
Dec 18, 2023McMullian RyalsChairman and CEOBuy9,100$21.99$200.1KForm 4
Jun 28, 2023COURTNEY H MARKChief Brand OfficerSale14,272$24.39$348.1KForm 4
Dec 20, 2022Chubb Thomas Caldecot IIIDirectorBuy2,000$28.42$56.8KForm 4
Aug 23, 2022Chubb Thomas Caldecot IIIDirectorBuy3,000$27.50$82.5KForm 4
Aug 18, 2022McMullian RyalsChairman and CEOSale143,020$27.97$4.0MForm 4
Jul 20, 2022STITH MELVIN TDirectorBuy7$26.80$195Form 4
Jun 2, 2022McMullian RyalsChairman and CEOSale9,400$26.40$248.2KForm 4

All 22 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025A. Ryals McMullianChairman and Chief Executive Officer$1.0M$7.8M106
2025R. Steve KinseyFormer Chief Financial Officer$734.1K$2.5M106
2025Heeth Varnedoe IVPresident and Chief Operating Officer$729.2K$2.4M106
2025Terry S. ThomasChief Growth Officer$677.1K$2.1M106
2025Stephanie B. TillmanChief Legal Counsel$583.4K$1.8M106
2025D. AnthonyScaglione Chief Financial Officer$57.7K$1.5M106
2024A. Ryals McMullianChairman and Chief Executive Officer$987.9K$7.9M106
2024R. Steve KinseyFormer Chief Financial Officer$700.0K$2.7M106
2024Heeth Varnedoe IVPresident and Chief Operating Officer$700.0K$2.6M106
2024Terry S. ThomasChief Growth Officer$650.0K$2.6M106
2024Stephanie B. TillmanChief Legal Counsel$542.6K$1.9M106
2023A. Ryals McMullianChairman and Chief Executive Officer$954.3K$6.4M106
2023Terry S. ThomasChief Growth Officer$202.5K$3.3M106
2023R. Steve KinseyFormer Chief Financial Officer$665.0K$2.3M106
2023Heeth Varnedoe IVPresident and Chief Operating Officer$560.2K$1.8M106
2023Stephanie B. TillmanChief Legal Counsel$483.4K$1.6M106

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.34,631,216$273.6M0.0%+14,612,794
Vanguard Portfolio Management LLC13,811,454$109.1M0.0%+3,053,268
Fuller & Thaler Asset Management, Inc.10,983,938$86.8M0.2%−364,874
Vanguard Capital Management LLC8,826,026$69.7M0.0%+94,851
State Street Corp8,756,329$69.2M0.0%−3,211,278
Quantinno Capital Management LP8,527,936$67.4M0.1%+5,131,382
Charles Schwab Investment Management Inc8,196,732$64.8M0.0%+1,679,440
Invesco Ltd.7,444,845$58.8M0.0%+2,189,100
Aqr Capital Management LLC7,163,993$56.6M0.0%+2,821,864
Gotham Asset Management, LLC6,650,995$52.5M0.1%+6,174,229
Morgan Stanley5,949,191$47.0M0.0%+2,134,166
Dimensional Fund Advisors LP5,264,867$41.6M0.0%−2,280,286
Geode Capital Management, LLC5,224,816$41.3M0.0%+1,247,088
UBS Group AG4,842,232$38.3M0.0%+658,688
Goldman Sachs Group Inc4,634,570$36.6M0.0%+2,244,886
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.4,493,625$35.5M0.0%+2,968,104
Fmr LLC3,720,124$29.4M0.0%+3,065,518
Two Sigma Investments, LP2,420,213$19.1M0.0%+1,551,906
Northern Trust Corp2,321,861$18.3M0.0%+539,196
Bank Of America Corp /de/2,299,753$18.2M0.0%+437,286
Pine Valley Investments Ltd Liability Co1,987,882$15.7M0.7%New
Magarian Capital Management, LLC1,803,177$14.2M4.6%New
Bank of New York Mellon Corp1,527,897$12.1M0.0%−242,458
Southeast Asset Advisors, LLC1,506,841$11.9M1.2%+113,307
Man Group plc1,497,487$11.8M0.0%+869,812

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

7 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Sep 11, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+74.5%Report
Aug 4, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−84.3%Report
Jun 11, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+90.8%Report
Jun 9, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−92.2%Report
Apr 10, 2023Daniel S. GoldmanDemocratic, HouseSale$15,001 - $50,000+165.9%Report
Mar 6, 2023Daniel S. GoldmanDemocratic, HouseBuy$15,001 - $50,000−168.9%Report
Mar 28, 2022Virginia FoxxRepublican, HouseSale$50,001 - $100,000+145.1%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Flowers Foods is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFLOWERS FOODS INC2
  • CIK0001128928
  • Employer ID (EIN)58-258237918
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inGeorgia18
  • Fiscal year endsJanuary 22
  • Industry code (SIC)2000 Food and Kindred Products2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address1919 Flowers Circle, Thomasville, GA 317572
  • Phone91222691102
  • Shares outstanding212,057,418 as of Aug 14, 202614
  • Public float$3.2B as of Jul 12, 202518
  • AuditorPricewaterhouseCoopers LLP, Atlanta, Georgia PCAOB ID 238; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceDec 1, 20002
  • Filings1,856 in all: 4 (1,111), 8-K (206), 5 (87), 10-Q (77), 3 (40), SC 13G/A (38), 4/A (31), 10-K (25)2
    All 45 form types

    DEF 14A (25), 11-K (24), DEFA14A (24), ARS (16), SC 13D/A (15), SC 13G (15), 5/A (14), 8-K/A (11), CORRESP (11), UPLOAD (11), S-8 (10), 3/A (7), S-3ASR (7), 424B5 (5), FWP (4), PRE 14A (4), SC TO-T/A (4), SCHEDULE 13G (4), SCHEDULE 13G/A (4), 424B2 (3), SC TO-C (3), 10-12B/A (2), 144 (2), 305B2 (2), SC 13D (2), 10-12B (1), 10-K/A (1), 10-K405 (1), 10-Q/A (1), 424B3 (1), 8-A12B (1), CT ORDER (1), EFFECT (1), NO ACT (1), POS AM (1), S-8 POS (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Feb 25, 2026
    Quarterly report (10-Q) Aug 20, 2026
    Proxy statement (DEF 14A) Apr 14, 2026
    Latest 8-K (8-K) Aug 28, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par valueFLONYSE

From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks Flowers Foods names in Item 1A of its 10-K filed Feb 25, 2026: 24 risks under these headings, as written.18

  • Operational Risks
  • Economic conditions may negatively impact demand for our products, which could adversely impact our sales and operating profit.
  • A disruption or change in the operation of our DSD distribution system could materially and/or negatively affect our results of operations, financial condition and cash flows.
  • We may not be able to attract or retain the highly skilled people we need for our business.
  • Labor shortages and increased turnover or increases in employee and employee-related costs could have adverse effects on our profitability.
  • The costs of maintaining and enhancing the value and awareness of our brands are increasing, which could have an adverse impact on our revenues and profitability.
  • Our inability to execute our business strategy could adversely affect our business.
  • We may be adversely impacted by the failure to successfully realize the expected benefits of acquisitions, divestitures or joint ventures.
  • Disruption in our supply chain or distribution capabilities from political instability, armed hostilities, incidents of terrorism, natural disasters, weather, inferior product or ingredient supply, or labor strikes could have an adverse effect on our business, financial condition and results of operations.
  • The third-party vendor management processes may not be appropriately designed to reduce risks related to the delivery of goods, supplies and services.
  • Loss of one or more of our independent contract manufacturers could adversely affect our business.
  • Changes in tariffs and other trade disruptions may impact our business, results of operations and financial condition, depending on future developments, which are highly uncertain and are difficult to predict.
The other 13 risks
  • Technology Risks
  • We may be adversely impacted if our IT systems fail to perform adequately, including with respect to cybersecurity issues.
  • We may experience difficulties in deploying the upgrade of our ERP system.
  • We use, and may continue to expand our use of, AI in our business, and challenges with properly managing its use could result in reputational harm, competitive harm, and legal liability, and adversely affect our business operations.
  • Industry Risks
  • Increases in costs and/or shortages of raw materials, fuels and utilities could adversely impact our profitability.
  • Competition could adversely impact revenues and profitability.
  • Product removals, damaged product or safety concerns could adversely impact our results of operations.
  • Consolidation in the retail and foodservice industries could adversely affect our sales and profitability.
  • Inability to anticipate or respond to changes in consumer preferences may result in decreased demand for our products, which could have an adverse impact on our future growth and operating results.
  • We rely on several large customers for a significant portion of sales and the loss of one of our large customers or their decision to give higher priority to other brands could adversely affect our business, financial condition or results of operations.
  • Our large customers may impose requirements on us that may adversely affect our results of operations.
  • Legal and Regulatory Risks
  • Government regulation, including labeling or warning requirements, could adversely impact our results of operations and financial condition.
  • Climate change, or legal, regulatory, or market measures to address climate change, may negatively affect our business and operations.
  • We are subject to increasing legal complexity and could be party to litigation that may adversely affect our business.
  • Executive Offices
  • Information about our Executive Officers

Legal proceedings

For a description of all material pending legal proceedings, See Note 23, Commitments and Contingencies, of Notes to Consolidated Financial Statements of this Form 10-K.

The opening of Item 3, Legal Proceedings.18

Sources

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