Flowers Foods, Inc. (NYSE:FLO) Q4 2022 Earnings Conference Call February 10, 2023 8:30 AM ET

Company Participants

J. T. Rieck - Executive Vice President, Finance and Investor Relations

Ryals McMullian - President and Chief Executive Officer

Steve Kinsey - Chief Financial Officer

Conference Call Participants

Bill Chappell - Truist

Robert Dickerson - Jefferies

Jim Salera - Stephens

Connor Rattigan - Consumer Edge

Mitchell Pinheiro - Sturdivant

Operator

Good day and thank you for standing by. Welcome to the Flowers Foods Fourth Quarter and Fiscal Year 2022 Results Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to hand the conference over to your speaker today, J. T. Rieck, Executive Vice President of Finance and Investor Relations. Please go ahead.

J. T. Rieck

Thank you, Tanya and good morning. I hope everyone had the opportunity to review our earnings release, listen to our prepared remarks and view the slide presentation that were all posted yesterday evening on our Investor Relations website. After today’s Q&A session, we will also post an audio replay of this call.

Please note that in this Q&A session, we may make forward-looking statements about the company’s performance. Although we believe these statements to be reasonable, they are subject to risks and uncertainties that could cause actual results to differ materially. In addition to what you hear in these remarks, important factors relating to Flowers Foods’ business are fully detailed in our SEC filings. We also provide non-GAAP financial measures for which disclosure and reconciliations are provided in the earnings release and at the end of the slide presentation on our website.

Joining me today are Ryals McMullian, President and CEO; and Steve Kinsey, our CFO. Ryals, I will turn it over to you.

Ryals McMullian

Thanks, J. T. Good morning, everybody. Thanks for joining the fourth quarter call. I am really proud of our accomplishments in 2022 and would once again like to thank our Flowers team for their hard work in making that performance possible.

Despite the challenging macroeconomic environment, we generated record sales, we advanced our innovation pipeline and we made important progress with our digital and supply chain initiatives. And we expect to build on that progress this year in 2023. We will be making additional investments in digital and supply chain as well as marketing support for the DKB bar launch. Although these investments, alongside continued inflationary pressures, will impact our near-term results, I am confident by enhancing our already strong foundation we are positioning the company for future long-term success.