Welcome to our dedicated page for Hostess Brands news (Ticker: TWNK), a resource for investors and traders seeking the latest updates and insights on Hostess Brands stock.
Hostess Brands, Inc. (NASDAQ: TWNK) stands as one of the largest wholesale bakers and distributors of fresh-baked bread and sweet goods in the United States. With a workforce of 19,000 employees, Hostess Brands operates 36 bakeries and 570 bakery retail outlets, managing approximately 5,500 delivery routes from 565 distribution centers nationwide.
The company's portfolio includes some of the most recognizable snack and bread products in the U.S., such as Hostess® Twinkies, CupCakes, Fruit Pies, Ding Dongs, Ho Ho’s, SnoBalls, Donettes, as well as Drake's® cakes, Wonder® Bread, Home Pride®, and Nature's Pride®.
Recently, Hostess Brands made headlines when The J.M. Smucker Co. (NYSE: SJM) announced the signing of a definitive agreement to acquire Hostess Brands for $34.25 per share in a cash and stock transaction. This acquisition, valued at approximately $5.6 billion, represents a strategic expansion for The J.M. Smucker Co., adding iconic sweet baked goods brands to their portfolio. The transaction is expected to enhance Smucker's focus on convenient consumer occasions and includes manufacturing facilities in several states and provinces, along with approximately 3,000 employees joining The J.M. Smucker Co.
This acquisition aims to leverage Hostess Brands' strong distribution in convenience stores and its leading innovation pipeline. Together, the combined resources are expected to drive continued growth, benefiting consumers, customers, and shareholders alike. Financially, the merger strengthens the company's profile, providing significant value by accelerating growth in convenient consumer occasions.
For those interested in exploring career opportunities with Hostess Brands, please visit their career page.
Hostess Brands, Inc. (NASDAQ: TWNK) announced it will report its first-quarter earnings for the period ended March 31, 2023, on May 9, 2023, after market close. The earnings release is scheduled for 4:00 p.m. EDT, followed by a conference call at 4:30 p.m. EDT. Investors can participate by calling 877-451-6152 in the U.S. or +1-201-389-0879 internationally. A replay will be available for two hours after the call until May 23, 2023. The company, which generates annual sales of approximately $1.4 billion, is known for popular brands like Hostess® Donettes®, Twinkies®, and CupCakes. A live webcast will also be available on their Investor Relations website, archived for 30 days.
Voortman, the leading crème wafer and zero sugar cookie brand in the U.S., has launched its new Zero Sugar Mini Wafers in vanilla and chocolate flavors. These bite-sized snacks contain no artificial ingredients or high-fructose corn syrup, packaged in resealable pouches for convenience. This addition complements Voortman's existing zero sugar portfolio, which includes Iced Oatmeal and Vanilla Shortbread Mini Cookies. Insights from a recent survey reveal that 84% of consumers are prioritizing healthier eating habits this spring, with a significant focus on reducing sugar intake. The new wafers are now available at grocery retailers nationwide.
Hostess Brands has announced the launch of two new breakfast snacks: Hostess Donettes Old Fashioned mini donuts and Hostess Chocolate Drizzle Baby Bundts. These snacks enhance their product lineup aimed at delivering delightful flavors for families. The Donettes feature a moist texture and sweet glaze, while the Baby Bundts are made with real cocoa and topped with a chocolate drizzle. Both items contain no artificial colors or high-fructose corn syrup. They will be available at grocery stores and convenience stores nationwide starting this month, with Donettes sold in 10.5-ounce packages and Baby Bundts in 10-ounce multipacks.
Hostess Brands has launched its innovative product, Hostess Kazbars, available in two flavors: Chocolate Caramel and Triple Chocolate. These snacks feature six layers of chocolate cake, crème, candy crunch, and caramel or chocolate fudge, all encased in a chocolate coating. Following strong consumer testing, Kazbars will be sold in 10-ounce boxes (eight mini bars) and as single 2.75-ounce bars, hitting stores nationwide in mid-March 2023. Hostess Brands, recognized for their iconic snacks, reported over $1.3 billion in annual sales.
Hostess Brands, Inc. (NASDAQ: TWNK) reported strong financial results for Q4 and FY 2022, with net revenue of $339.5 million, a 14.2% increase, driven by pricing actions. Gross profit rose 10.4% to $121.9 million, despite a decrease in gross margin due to inflation. Net income was $32.9 million, or $0.24 per diluted share. Full-year revenue reached $1,358.2 million, up 18.9%, with net income increasing to $164.2 million, or $1.19 per diluted share. The company provided optimistic 2023 guidance, forecasting adjusted revenue growth of 4% to 6% and adjusted EBITDA of $315 million to $325 million.
Hostess Brands, Inc. (NASDAQ: TWNK) announces an upcoming presentation by its CEO, Andy Callahan, CFO, Travis Leonard, and Chief Growth Officer, Dan O’Leary, at the Consumer Analyst Group of New York Conference.
The presentation, scheduled for 5:00 p.m. EST on February 22, 2023, will outline the Company’s strategy for profitable growth. Investors can access a live audio webcast and replay via the Company’s website.
Hostess Brands, recognized for iconic snacks such as Twinkies and CupCakes, reported sales exceeding $1.1 billion in 2021, employing approximately 2,600 team members.
Hostess Brands, Inc. (NASDAQ: TWNK) announced it will release its results for the fourth quarter and full year ended December 31, 2022, on February 21, 2023, after market close. Key materials will be available on its website at approximately 4:00 p.m. EST, including a press release and presentation. A live Q&A session featuring CEO Andy Callahan and CFO Travis Leonard will follow at 5:00 p.m. EST. Hostess Brands is recognized for its iconic snack products, with 2021 sales exceeding $1.1 billion. Investors can join the call by dialing 877-451-6152 or +1-201-389-0879 internationally and access a replay until March 7, 2023.
Hostess Brands, Inc. (NASDAQ: TWNK) will report its fourth quarter and full year results for the period ended December 31, 2022, on February 21, 2023, after market close. The earnings release is set for approximately 4:00 p.m. EST, followed by a conference call at 4:30 p.m. EST. Interested investors can access the call via phone or through a live webcast on the company’s Investor Relations website. Hostess Brands, with annual sales exceeding $1.1 billion, is recognized for producing iconic snacks like Twinkies and CupCakes, employing around 2,600 team members.
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