Flowers Foods, Inc Reports Second Quarter 2021 Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
The U.S. Securities and Exchange Commission (the “Commission”) recently entered into four consent orders (collectively, the “Orders” and each, an “Order”) with registered investment.
Nature s Own,
Dave s Killer Bread,
Wonder, Canyon Bakehouse, Tastykake, and other bakery foods, today reported financial results for the company s 53-week fiscal 2020 and 13-week fiscal fourth quarter ended January 2, 2021.
Fiscal 2020 Summary:
Sales increased 6.4% to $4.388 billion. The additional week contributed 1.8%.
Net income decreased 7.4% to $152.3 million. Adjusted net income increased 36.1% to $278.0 million.
Adjusted EBITDA(1) increased 23.4% to $521.7 million, representing 11.9% of sales, a 160-basis point increase.
Diluted EPS decreased $0.06 to $0.72. Adjusted diluted EPS(1) increased $0.35 to $1.31. The additional week contributed $0.02.
Fourth Quarter Summary:
Sales increased 11.5% to $1.023 billion. The additional week contributed 8.2%.
Net income increased $53.6 million to $55.8 million. Adjusted net income increased 55.3% to $59.1 million.
Adjusted EBITDA(1) increased 34.3% to $113.5 million, representing 11.1% of sales, a 190-basis point inc
Uncertainty Reigns About the Start of the Hybrid Work Era and More HR Tech News
PHOTO:
Annie Spratt on Unsplash
The industry talk has been incessant that remote work is here to stay. According to PwCâs latest U.S. Remote Work Survey, more than half of U.S. executives (52%) believe employee productivity has gone up since before the pandemic. More than a third of their workers agree.
At the same time, many aspects of what post-pandemic work will look like are in flux. For example, fewer than 20% of company leaders want to return to the office as it was before COVID-19. However, only 13% are ready to give up their offices completely. But if employers and employees lack a clear view of how work will get done going forward, most agree some type of hybrid approach will take root, with workers spending some time in the office and some time outside of it.