Hostess Brands (TWNK) Misses Q2 EPS by 2c
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Hostess Brands, Inc. Announces Second Quarter 2018 Financial Results
August 7, 2018 4:05 PM EDTKANSAS CITY, MO.--(BUSINESS WIRE)-- Hostess Brands, Inc. (NASDAQ: TWNK, TWNKW) (Hostess or the Company), today reported its financial results for the second quarter ended June 30, 20181.
Business Highlights:
Second quarter net revenue increased $12.7 million, or 6.2%, resulting from the $20.8 million of net revenue provided by the operations of the Chicago bakery, which the Company acquired in February 2018. Hostess® branded point of sale increased 2.4% for the 13-week period ended June 30, 2018. Point of sale for the top seven sub-brands increased 4.4%. These sub-brands represent 66.1% of the Company's net revenue.... More