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Hostess Brands, Inc. - TWNK STOCK NEWS

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.

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Hostess Brands has launched two new limited-edition wafer flavors for fall: Pumpkin Spice and S'mores. Available in stores across the U.S., these wafers are made with real pumpkin or cocoa and contain no high-fructose corn syrup or artificial ingredients. They come in 10.6-ounce packages priced at $3.79. The introduction of these seasonal flavors aligns with consumer demand for autumn snacks, as highlighted by general manager Adam Lisook, who emphasized the appeal of traditional fall flavors.

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Hostess Brands (NASDAQ: TWNK) announced a bonus of up to $1,000 for nearly 2,000 bakery and warehouse employees on August 3, 2022, in recognition of their commitment amid ongoing supply chain challenges. Despite these difficulties, the company reported a Total Incident Rate (TIR) of 1.26 at its national warehouse, significantly below the national average of 5.1. Hostess operates five bakeries across North America and achieved sales exceeding $1.1 billion. This initiative underscores the company's focus on employee well-being and operational efficiency.

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Hostess Brands, Inc. (NASDAQ: TWNK) announced a 16.8% increase in net revenue for Q2 2022, totaling $340.5 million. This growth was driven by higher prices and increased volumes. Despite a 295 basis points decline in gross margins due to inflation and supply chain challenges, gross profit rose 7.2% to $112.7 million. The company raised its full-year net revenue guidance to at least 15% growth, while maintaining EBITDA guidance of $280 - $290 million and EPS guidance of $0.93 - $0.98.

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Hostess Brands, Inc. (TWNK) will report its second-quarter earnings for the period ended June 30, 2022, on August 3, 2022, after market close. The earnings release is scheduled for approximately 4:00 p.m. EDT, followed by a conference call at 4:30 p.m. EDT. Investors can participate by dialing 877-451-6152 in the U.S. or 201-389-0879 internationally. A replay will be available after the call until August 17, 2022. The conference will also be available via a live webcast on the company's investor relations website.

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Hostess Brands (NASDAQ: TWNK), a leading sweet snacks company, announced participation in three upcoming investor conferences in June 2022. On June 9, they will engage in a fireside chat at the Evercore ISI Consumer & Retail Conference, available for live webcast and replay on their website. Following this, on June 14, they will meet investors at the Oppenheimer Consumer Growth and E-Commerce Conference. Lastly, on June 22, Hostess will host a pre-recorded fireside chat for the Jefferies Consumer Conference, accessible starting June 20. For more details, visit www.hostessbrands.com.

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Hostess Brands (NASDAQ: TWNK) has released its 2022 Corporate Responsibility Report, highlighting its commitment to sustainability and social responsibility. Key achievements include a 25% reduction in water usage and a 14% decrease in energy use over the past two years. The company plans to open a new sustainable bakery in Arkadelphia, Arkansas, by late 2023. Hostess has also improved workplace safety, earning recognition from Forbes as a Top Workplace for Mid-sized Companies and Military Veterans. The report reflects Hostess's dedication to integrating environmental, social, and governance (ESG) goals into its operations.

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Hostess Brands (NASDAQ: TWNK) reported strong financial results for Q1 2022, with net revenue of $332.1 million, reflecting a 25.1% increase year-over-year. This growth was driven by robust consumer demand and effective pricing strategies amid inflation. Gross profit rose 21.0% to $115.6 million, and adjusted net income increased 41.3% to $38.0 million, leading to an adjusted EPS of $0.27. The company has raised its full-year net revenue growth guidance to at least 12%, and plans additional pricing actions to manage escalating costs.

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Hostess Brands has committed to not advertise to children under 13 through the Children's Food and Beverage Advertising Initiative (CFBAI), aligning with strict nutrition criteria. The decision follows the company's growth and a new advertising campaign called 'Live Your Mostess,' which aims to resonate with adult consumers. Hostess plans to increase its advertising spend significantly in the coming years. This pledge reflects the company's dedication to being a socially responsible brand and positions it alongside 19 other industry leaders in improving children's food advertising.

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FAQ

What is the market cap of Hostess Brands (TWNK)?

The market cap of Hostess Brands (TWNK) is approximately 4.4B.

What products does Hostess Brands, Inc. produce?

Hostess Brands, Inc. produces a variety of fresh-baked bread and sweet goods, including Twinkies, CupCakes, Fruit Pies, Ding Dongs, Ho Ho’s, SnoBalls, Donettes, and more.

How many employees does Hostess Brands have?

Hostess Brands employs approximately 19,000 people.

How many bakeries does Hostess Brands operate?

Hostess Brands operates 36 bakeries.

What recent acquisition involved Hostess Brands?

The J.M. Smucker Co. announced the acquisition of Hostess Brands for $34.25 per share in a transaction valued at approximately $5.6 billion.

What will the acquisition by The J.M. Smucker Co. bring to Hostess Brands?

The acquisition aims to expand Hostess Brands' distribution, enhance innovation, and leverage combined resources to drive growth in the sweet baked goods category.

What are some of the brands under Hostess Brands?

Some brands under Hostess Brands include Hostess® Twinkies, CupCakes, Fruit Pies, Ding Dongs, Ho Ho’s, SnoBalls, Donettes, Drake's® cakes, Wonder® Bread, Home Pride®, and Nature's Pride®.

Where can I find career opportunities with Hostess Brands?

Career opportunities with Hostess Brands can be found on their website at www.hostessbrands.com/careers.

How many delivery routes and distribution centers does Hostess Brands have?

Hostess Brands manages approximately 5,500 delivery routes from 565 distribution centers.

What strategic benefits does the acquisition offer?

The acquisition offers expanded distribution, strong convenience store presence, enhanced innovation capabilities, and opportunities for growth.

When is the acquisition by The J.M. Smucker Co. expected to close?

The transaction is anticipated to close in the third quarter of The J.M. Smucker Co.'s current fiscal year ending April 30, 2024.

Hostess Brands, Inc.

Nasdaq:TWNK

TWNK Rankings

TWNK Stock Data

4.43B
129.80M
0.67%
105.25%
4.58%
Packaged Foods
Consumer Defensive
Link
United States
Lenexa