Hostess Brands (TWNK) Misses Q3 EPS by 1c
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Hostess Brands, Inc. Announces Third Quarter 2018 Financial Results
November 7, 2018 4:05 PM ESTKANSAS CITY, Mo.--(BUSINESS WIRE)-- Hostess Brands, Inc. (NASDAQ: TWNK) (NASDAQ: TWNKW) (the Company), today reported its financial results for the third quarter ended September 30, 2018.
Business Highlights1:
Net revenue increased $18.7 million, or 9.7%, to $211.0 million, driven by $18.9 million from the business acquired in February 2018 (the Cloverhill Business). Point of sale increased 3.8%, of which 3.7% was from the Cloverhill Business. Market share was 18.9%, up 90 basis points, of which 70 basis points was from the Cloverhill Business.... More