Flowers Foods, Inc. (NYSE:FLO) Q2 2022 Earnings Conference Call August 12, 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
Robert Dickerson - Jefferies
Connor Rattigan - Consumer Edge Research
Steve Powers - Deutsche Bank
Mitch Pinheiro - Sturdivant & Company.
Operator
Good day and welcome to the Flowers Foods Second Quarter 2022 Results Call. [Operator Instructions] As a reminder, this call maybe recorded. I would like to turn the call over to J.T. Rieck, Senior Vice President of Finance and IR. You may begin.
J.T. Rieck
Thank you, Michelle 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
Okay. Thanks, J.T. Good morning, everybody. Thanks for joining the second quarter call. We continue to execute well in the quarter, driving second quarter sales to record levels. Our performance in this challenging consumer environment demonstrates the resiliency of the category and the strength of our leading brands. Due to the outstanding efforts of our team, we successfully mitigated much of the supply chain pressure we discussed last quarter. As a result, we raised the bottom end of our 2022 EPS guidance by $0.05 to $1.25.
I’d like to thank our exceptional Flowers team for their hard work and dedication, which has made this strong performance possible. The fundamentals of our business are strong and I have never been more optimistic about our prospects. No matter the environment, our team is focused on delivering results in line with or better than our long-term financial targets.