Flowers Foods, Inc. (NYSE:FLO) Q1 2022 Earnings Conference Call May 20, 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
Ryan Bell - Consumer Edge Research
Steve Powers - Deutsche Bank
Mitch Pinheiro - Strudivant & Company
Ben Bienvenu - Stephens
Bill Chappell - Truist Securities
Operator
Good day, and thank you for standing by. Welcome to the Flowers Foods First Quarter 2022 Results Conference Call and Webcast. [Operator Instructions]
I would now like to hand the conference over to your speaker today, J.T. Rieck, Senior Vice President of Finance and Investor Relations. Please go ahead.
J.T. Rieck
Thank you, Shannon, 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 disclosures and reconciliations are provided in the earnings release 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. Good morning, everybody. I appreciate you joining our first quarter call. I am very proud of our team’s performance in a tough environment. Their perseverance drove record quarterly results in sales and adjusted EPS. Our leading brands continue to gain share and we are successfully implementing strategies to further that growth. Inflation and supply chain disruptions are impacting virtually all companies and we are not immune from that.
Our team is working diligently to offset those pressures. And we do callout a $0.05 impact to our ‘22 results, but we expect those headwinds to be resolved in the third quarter. The fundamentals of the business are strong and I have never been more optimistic about our prospects. And no matter the environment, our team is focused on delivering results in line with or better than our long-term financial targets.