Flowers Foods, Inc. reported its Q1 sales increased by 6.9% to a quarter-record of USD 1.534 billion, compared to the first quarter of 2022. The company’s net income decreased by 17.4% to USD 70.7 million and its adjusted net income decreased by 13.1% to USD 80.9 million.
Flowers Foods reported its sales increased 11.0% to a record USD 4.806 billion, its 2022 financial results show. In the fourth quarter of 2022, sales increased by 10.1% to a quarter-record of USD 1.083 billion.
Bradley K. Alexander, Flowers Foods’ chief operating officer, will retire from the company at the end of the year, after 41 years of service. On January 1, 2023, Heeth Varnedoe, the company’s current chief transformation officer, will succeed Alexander as COO.
Flowers Foods, Inc. announced it was voluntarily recalling 3,000 loaves of Nature’s Own Honey Wheat bread sold in the U.S. due to the presence of undeclared milk.