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 that President and CEO Andy Callahan, along with CFO Travis Leonard, will host a fireside chat at the Stephens Annual Investment Conference on November 16, 2022, at 11:00 a.m. EDT. This event will provide insights into the company’s performance and future outlook. A live audio webcast and replay will be accessible via the official Hostess Brands website. The company, known for its iconic snack products, reported over $1.1 billion in annual sales in 2021 and employs around 2,600 team members.
Hostess Brands has launched a limited-edition lineup of holiday snacks, including Holiday HoHos, Mint Chocolate Flavored Twinkies, Holiday CupCakes, and Hot Cocoa & Marshmallow Flavored Donettes. These festive treats are designed to capture the spirit of the holiday season and are available in multi-packs at grocery stores nationwide, with some offered in single-serve packages at convenience stores. The company aims to enhance holiday gatherings with these snacks, encouraging creative recipes for festive displays.
Hostess Brands (TWNK) reports remarkable financial growth for Q3 2022, with net revenue hitting $346.2 million, a 20.2% increase from last year. Adjusted EBITDA rose by 12.2% to $72.7 million, while adjusted EPS increased to $0.23. The company is optimistic, raising its full-year guidance for net revenue growth to 17% - 19%, alongside adjusted EBITDA and EPS forecasts. However, gross margins declined due to 18.5% inflation challenges. Cash reserves stand at $232.7 million, with share repurchases totaling $94.1 million year-to-date.
Hostess Brands, Inc. (NASDAQ: TWNK) will report its Q3 earnings on November 2, 2022, after market close. Results will be accompanied by a conference call at 4:30 p.m. EDT for investors. The company, with over $1.1 billion in annual sales, is known for its popular snack products including Twinkies and CupCakes. The earnings release will be available at approximately 4:00 p.m. EDT, with further details accessible on the company's website.
Voortman® has launched a new line of holiday wafers and cookies, now available across the U.S. and Canada. The seasonal treats include two new flavors: Candy Cane and Eggnog flavored wafers, along with other festive options. These products, made with real ingredients and without artificial additives, feature flavors like Chocolate Mint and Gingerbread.
As part of Hostess Brands (NASDAQ: TWNK), Voortman aims to meet rising consumer demand for festive snacks this winter season.
Hostess Brands, Inc. (NASDAQ: TWNK) has appointed Adrian Poretti as its new chief supply chain officer (CSCO) effective immediately. Poretti joins the leadership team with over 30 years of experience, most recently at Kimberly-Clark, where he enhanced global supply chain capabilities. He replaces Gary Schmidt, who served as interim CSCO since January 2022. Poretti's role will focus on operations and supply chain management as the company aims for sustainable growth. With annual sales exceeding $1.1 billion, Hostess Brands is recognized for its iconic sweet snacks.
Hostess Brands has launched a new product line called Hostess Bouncers™, designed for on-the-go snacking. Available in three flavors: Glazed Twinkies, Glazed Chocolate Ding Dongs, and Cinnamon Donettes, these mini snack cakes feature creamy fillings and are packaged in portable pouches. The introduction aligns with consumer demand for convenient, mess-free treats. Hostess continues to capture the market with its portfolio as part of a broader strategy to enhance its offerings.
Hostess Brands, Inc. (NASDAQ: TWNK) will host a fireside chat at the Barclays Global Consumer Staples Conference on September 8, 2022, at 8:15 a.m. EDT. Key executives participating include Andy Callahan (CEO), Travis Leonard (CFO), and Arist Mastorides (CCO). A live audio webcast will be available, with replay options on their official website. Hostess Brands is recognized for its popular snacks, including Twinkies® and CupCakes, achieving over $1.1 billion in net sales in 2021.
Hostess Brands, a leading snacking company, is expanding its lineup with six seasonal treats for fall, launching in September. Highlights include the return of Pumpkin Spice Flavored Twinkies, Iced Pumpkin Flavored CupCakes, and Caramel Crunch Donettes, along with a new addition, Creepy Caramel Ding Dongs. Prices range from $2.30 for single-serve packs to $3.99 for multi-packs. These snacks are positioned for various autumn activities, appealing to consumer demand for seasonal flavors.
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