Hostess Brands (TWNK) Tops Q1 EPS by 1c

Hostess Brands (NASDAQ: TWNK) reported Q1 EPS of $0.14, $0.01 better than the analyst estimate of $0.13. Revenue for the quarter came in at $243.5 million versus the consensus estimate of $228.88 million.

2020 Outlook:

The Company previously issued its full year 2020 guidance on February 26, 2020, which did not include the impact of COVID-19. Despite first quarter results that exceeded Company expectations, the Company is suspending its 2020 Outlook due to the rapidly evolving situation and the high degree of uncertainty caused by the COVID-19 pandemic. The Company does not believe that it can estimate the full financial impacts of the pandemic with reasonable accuracy. The Company believes it has sufficient liquidity to satisfy its cash needs, as supported by cash on hand, cash flow from operations and access to its revolving credit facility. The Company reaffirms its long-term financial objectives of organic revenue growth, adjusted EBITDA margins and free cash flow conversion in the top-quartile of its peers.

For earnings history and earnings-related data on Hostess Brands (TWNK) click here.

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