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.
Turkey Hill LLC announced the appointments of Andy Jacobs as CEO and Paul Gagliano as Chief Customer Officer, both bringing 30 years of experience in the food and beverage industry. Jacobs, previously at Hostess Brands (NASDAQ: TWNK), is set to lead Turkey Hill towards accelerated growth and geographic expansion, while Gagliano aims to leverage his expertise to drive the company's growth strategy. The appointments reflect Turkey Hill's commitment to enhancing its market position and innovation in product offerings.
Hostess Brands, Inc. (Nasdaq: TWNK, TWNKW), a top snack manufacturer known for Twinkies, CupCakes, and Donettes, announced participation in key investor conferences. On June 15, 2021, a fireside chat will commence at 4:15 p.m. Eastern during the Evercore ISI Consumer & Retail Summit. Another fireside chat is scheduled for June 23, 2021, at 3:15 p.m. Eastern for the Jefferies Virtual Consumer Conference. Both events will be available for live webcast and replay through the Company’s website.
Hostess Brands (Nasdaq: TWNK, TWNKW) has announced the appointment of Amit Sharma as Vice President of Investor Relations. Sharma brings over 15 years of equity research experience in the consumer packaged goods and food sectors, previously serving as Executive Director at Rabobank. President and CEO Andy Callahan expressed enthusiasm for Sharma's fresh perspective, which is expected to enhance investor communications and deliver long-term value for shareholders. Sharma holds an MBA and is a CFA charterholder.
Hostess Brands, Inc. (NASDAQ: TWNK) reported strong financial results for Q1 2021, with net revenue of $265.4 million, up 9.0% from the previous year. Gross profit increased 20.4% to $95.5 million, driven by robust sales of Hostess® and Voortman® products. Adjusted net income rose 44.6% to $26.9 million, with adjusted EPS reaching $0.20. The company also reaffirmed its positive outlook for 2021, expecting adjusted revenue growth of 3.0% to 4.5% and adjusted EBITDA between $255 million and $265 million.
Hostess Brands announced the appointment of Dan O'Leary as Chief Growth Officer, effective May 10, 2021. In this newly created role, O'Leary will oversee P&L management and general operations for both Hostess and Voortman brands, while also leading marketing and strategic growth initiatives. O'Leary brings over two decades of experience from companies like Tyson Foods and Kraft Foods. His expertise aims to enhance Hostess's innovation efforts and long-term value creation, aligning with the company's growth trajectory over the past five years.
Hostess Brands, Inc. (Nasdaq: TWNK, TWNKW) will announce its first-quarter earnings for the period ending March 31, 2021, on May 17, 2021, before market open. A conference call to discuss the results is scheduled for 7:30 a.m. CT (8:30 a.m. ET). Interested investors can call 877-451-6152 domestically or 201-389-0879 internationally to participate. A replay will be available after the call until May 31, 2021. The event will also be webcast live and archived on the Company’s website.
Hostess Brands, Inc. (Nasdaq: TWNK, TWNKW) has appointed Olu Beck and Hugh G. Dineen to its Board of Directors, enhancing its leadership team. Both new members bring over 40 years of combined experience in consumer packaged goods, with Beck previously serving as CEO of Wholesome Sweeteners and Dineen as CMO at MetLife. Chairman Jerry Kaminski expressed confidence that their expertise will help advance the company's strategic goals while President Andy Callahan emphasized the focus on incremental growth through both organic means and acquisitions, aiming to boost stockholder value.
Hostess Brands, a prominent baked goods manufacturer, announced participation in two investor conferences in March 2021. On March 10, the company will host a fireside chat at the UBS Global Consumer and Retail Conference at 1:00 p.m. Eastern, with live webcasting available for replay on their website. The following day, March 11, they will engage in one-on-one meetings at the DA Davidson 4th Annual Consumer Growth Conference. Founded in 1919, Hostess is known for brands like Twinkies and CupCakes, and it expanded its portfolio with the acquisition of Voortman Cookies in 2020.
Hostess Brands (NASDAQ: TWNK, TWNKW) reported a strong financial performance for Q4 2020, achieving $256 million in net revenue, an 18.1% increase year-over-year. The growth was largely driven by the acquisition of Voortman and increased sales of Hostess-branded products. Gross profit rose to $95.8 million, reflecting a significant margin improvement. Adjusted net income reached $28.7 million, resulting in adjusted EPS of $0.21. For 2021, the company expects adjusted net revenue growth of 3.0% to 4.5% and adjusted EBITDA of $255 million to $265 million, signaling continued growth momentum.
Hostess Brands, Inc. (Nasdaq: TWNK, TWNKW) will report its fourth quarter and full year results for 2020 on February 24, 2021, after market close. A conference call for investors is scheduled for 3:30 p.m. CT (4:30 p.m. ET) to discuss these results. Participants can join the call via telephone or through a live webcast available on the Company’s website. Hostess is known for its iconic snacks like Twinkies®, CupCakes, and Donettes®, and has expanded its product range following the acquisition of Voortman Cookies Limited in January 2020.
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