Flowers Foods, Inc. (NYSE:FLO) Q3 2022 Earnings Conference Call November 11, 2022 8:30 AM ET

Company Participants

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

Ryals McMullian - President and Chief Executive Officer

Steve Kinsey - Chief Financial Officer

Conference Call Participants

Bill Chappell - Truist Securities

Connor Rattigan - Consumer Edge

Mitchell Pinheiro - Sturdivant & Company

Stephen Powers - Deutsche Bank

Jim Salera - Stephens

Operator

Good day, and thank you for standing by. Welcome to the Flowers Foods Third Quarter 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, SVP of Finance and Investor Relations. Please go ahead.

J.T. Rieck

Thank you, Gigi, and good morning, everyone. I hope you all 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’ll turn it over to you.

Ryals McMullian

Thanks, J.T., and good morning, everybody. I appreciate you joining our third quarter call. Before we get started on this Veterans Day, we’d like to recognize the contributions of our servicemen and women, both past and front. We thank you for your service to our country and the sacrifices you have made for our freedom.

Moving on to our results, we executed well in the quarter, driving third quarter sales to record levels. Our performance in this challenging consumer environment demonstrates the resiliency of our business and the ongoing effectiveness of our strategy. Consumers continued to express a preference for the differentiated attributes of our leading brands and we are focused on maintaining our momentum with investments in innovation and marketing, including our new agile innovation capability.