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 (NASDAQ: TWNK) has announced bonuses of up to $750 for nearly 2,000 bakery and distribution center employees to acknowledge their hard work and dedication. The company emphasizes a strong commitment to workplace safety, achieving a record safety performance in 2021 with a total recordable incident rate over 75% better than the industry average. Hostess operates five bakeries across North America, producing popular snacks like Twinkies and CupCakes, and maintains high safety and quality standards.
Hostess Brands has appointed Arist Mastorides as Chief Customer Officer, effective January 10, 2022. With over 30 years of experience in sales and marketing, Mastorides will guide global sales, customer engagement, and category insights. His leadership aims to enhance Hostess's growth through strong customer partnerships. The company, known for iconic snacks like Twinkies and CupCakes, continues to foster talent and build a robust management team under CEO Andy Callahan's vision, indicating a strategic focus on value creation and sustainable growth.
Hostess Brands, Inc. (NASDAQ: TWNK) reported a 10.4% increase in net revenue to $288.0 million for Q3 2021, driven by robust growth in Hostess® and Voortman® brands. Gross profit rose 8.6% to $99.0 million, with adjusted EPS increasing from $0.19 to $0.21. The company raised its 2021 net revenue guidance to 9.0% - 10.0% while maintaining adjusted EBITDA and EPS forecasts. Despite a CFO departure, strong performance and effective pricing strategies have contributed to an improved cash position of $228.1 million and a net leverage ratio of 3.3x.
Hostess Brands, Inc. (Nasdaq: TWNK, TWNKW) announced the expiration of its warrants to acquire Class A Common Stock, effective at 5:00 p.m. EDT on November 4, 2021. The trading of these warrants will be suspended before the opening of the Nasdaq on November 5, 2021. Despite this development, the listing of Hostess Brands' Class A Common Stock will remain unaffected. Hostess Brands is renowned for its sweet snacks, producing iconic products like Twinkies and Donettes across North America.
Hostess Brands, Inc. (NASDAQ: TWNK, TWNKW) announced the rescheduling of its third quarter 2021 earnings release to November 9, 2021. The earnings results will be available post-market at 4:00 PM ET, followed by a conference call at 4:30 PM ET. The company confirmed full-year guidance with adjusted net revenue growth projected at 9.0%-10.0%, up from 7.5%-9.0%. Adjusted EBITDA remains stable between $260-$268 million. Adjusted EPS is also retained at $0.83-$0.87. The leverage ratio and capital expenditures are expected to remain around ~3x and $60-$65 million respectively.
Hostess Brands, Inc. (Nasdaq: TWNK, TWNKW) will report its third-quarter results for the period ended September 30, 2021, on November 3, 2021, after market close. The earnings release will be available at 4:00 p.m. ET, followed by a conference call at 4:30 p.m. ET. Interested parties can join via phone or a live webcast on the company’s Investor Relations website. The call will be archived for 30 days. Hostess Brands is known for its popular sweet snack products, including Twinkies and Donettes.
Hostess Brands has partnered with the American Red Cross to encourage blood donations by donating over 300,000 treats nationwide. This initiative will provide popular snacks, including Twinkies and Zingers, to blood donors at 11 donation sites across the U.S. amid ongoing blood shortages due to the COVID-19 pandemic. Hostess aims to inspire communities to donate blood and provide a boost of energy to donors as a reward for their contributions.
Hostess Brands, Inc. (NASDAQ: TWNK, TWNKW) announced that its CEO, Andy Callahan, and CFO, Brian Purcell, will participate in the Barclays Global Consumer Staples Conference on September 9, 2021, at 3:20 p.m. Eastern. The event will be a fireside chat and will be available via webcast, with replays accessible on the company's website. Known for iconic snacks like Twinkies® and CupCakes, Hostess continues to be a leader in the North American packaged food market.
Hostess Brands reported strong financial results for Q2 2021, with a net revenue of $291.5 million, a 13.8% increase year-over-year. Adjusted net income rose to $32.2 million, with adjusted EPS increasing to $0.23. The company raised its full-year guidance for revenue growth to 7.5%-9.0% and adjusted EBITDA to $260 million - $268 million. Key drivers included strong sales of Hostess branded products and new innovations like Baby Bundts. The company also returned approximately $25 million to shareholders through share repurchases.
Hostess Brands, Inc. (Nasdaq: TWNK, TWNKW) announced it will report its second-quarter results for the period ended June 30, 2021 on August 4, 2021, after market close. The earnings release will be accessible at approximately 4:00 p.m. ET, followed by a conference call at 4:30 p.m. ET to discuss the results. Interested investors can participate via phone or listen to the live webcast on the Company's website. Hostess Brands is known for its iconic snack products, including Twinkies® and CupCakes, and continues to grow its product offerings through acquisitions like Voortman Cookies Limited.
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