Flowers Foods saw net income double to $248.1M in 2024, despite sales drops in traditional breads.

Flowers Foods reported a strong fiscal 2024, with net income doubling to $248.1 million, or $1.17 per share, despite lower sales in traditional bread and sweet goods. The earnings increase was due to efficiency improvements and cost reductions. The company is focusing on premium and healthier products to offset declines in traditional categories and is optimistic about its product portfolio, though it expects a volatile market in 2025.

5 weeks ago
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