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. (TWNK) will report its first quarter earnings on May 4, 2022, after market close, with results available at 4:00 p.m. ET. A conference call will follow at 4:30 p.m. ET, where investors can participate by calling 877-451-6152 (U.S.) or 201-389-0879 (internationally). A replay will be accessible until May 18, 2022. The call will also be webcast live and archived on the company's website for 30 days. Hostess Brands specializes in sweet snacks, including popular products like Twinkies and Donettes.
Hostess Brands has expanded its lineup with a new flavor of its popular Hostess Cr!spy Minis, introducing Mint Chocolate to its snack offerings. This new product features a blend of creamy mint filling and chocolate-flavored layers, made with real mint and cocoa, free from high-fructose corn syrup and artificial colors. Each 7.3-ounce package is priced at $3.49 and is rolling out across retailers this month. This addition aligns with consumer trends favoring multitextured snacks, enhancing Hostess's innovative snack range.
Hostess Brands, Inc. (NASDAQ: TWNK) has appointed Travis Leonard as its new Chief Financial Officer, effective May 11, 2022. He succeeds Mike Gernigin, who will transition to the Chief Accounting Officer role. Leonard brings over 25 years of financial leadership, previously serving at Cardinal Health. His expertise is anticipated to enhance the company's growth strategy, following the long-term growth algorithm revealed on March 1. The leadership team is optimistic about revenue growth and returns for shareholders.
Hostess Brands, Inc. (NASDAQ: TWNK) announced plans to convert an idled factory in Arkadelphia, Arkansas, into a new bakery, expected to be operational in the second half of 2023. This investment of $120 million to $140 million will create approximately 150 new jobs over three years and enhance production capacity by 20% for its Donettes and cake products. The initiative aligns with a sustainability-first approach, reflecting Hostess's confidence in continued growth.
Hostess Brands, Inc. (NASDAQ: TWNK) has shared its long-term growth strategy aimed at enhancing shareholder returns during its Investors Day. CEO Andy Callahan emphasized the company's strong foundation and exciting future as it targets organic revenue growth in the mid-single digits, adjusted EBITDA growth of 5-7%, and earnings per share growth of 7-9%. Key drivers include a focus on fast-growing snacking occasions, a best-in-class business model, and robust innovation and marketing capabilities. Hostess also plans investments in a new bakery to support growth aspirations.
Hostess Brands (NASDAQ: TWNK) reported a strong fourth quarter and full-year 2021, achieving record sales of $297.2 million, a 16.1% increase year-over-year. Adjusted EBITDA rose 14.9% to $73.2 million, demonstrating effective adaptation amidst inflation and supply chain issues. The company anticipates 2022 adjusted net revenue growth of 5% to 8%, with adjusted EBITDA projected between $280 million and $290 million. Additionally, Hostess launched a new share repurchase program for up to $150 million, enhancing shareholder returns.
Hostess Brands, Inc. (TWNK) will host a virtual Investor Day on March 1, 2022, from noon to 3 p.m. EST. The company will also release its fourth-quarter and full-year earnings for the year ending December 31, 2021, at approximately 7 a.m. EST on the same day. CEO Andy Callahan and senior leadership will discuss quarterly results and strategies for profitable growth. A live Q&A will follow the presentations. Participants can pre-register for the event here.
Hostess Brands is expanding its product line with the launch of Hostess Boost™ Jumbo Donettes®, a caffeinated version of its popular donuts, available in Chocolate Mocha and Caramel Macchiato flavors. Each donut contains 50-70 mg of caffeine, offering a convenient energy boost. These larger donuts are rolling out in convenience stores across the U.S. at a suggested retail price of $2.49 per 2.5-ounce package. This innovative product targets consumers seeking alternative caffeine sources while diversifying Hostess's offerings.
Hostess Brands, Inc. (NASDAQ: TWNK) will host a virtual Investor Day on March 1, 2022, at 9 a.m. EST, coinciding with the release of its fourth quarter and full-year results for the year ended December 31, 2021. CEO Andy Callahan and senior leadership will present results and discuss the company's growth strategy targeting profitable expansion in the snack market. A Q&A session will follow the presentations for investor engagement.
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