Hostess Brands, Inc. Announces Fourth Quarter 2018 Financial Results
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Hostess Brands (TWNK) Tops Q4 EPS by 2c, Revenues Beat; Offers FY19 EPS Guidance Below Consensus
February 27, 2019 4:07 PM ESTHostess Brands (NASDAQ: TWNK) reported Q4 EPS of $0.17, $0.02 better than the analyst estimate of $0.15. Revenue for the quarter came in at $214.8 million versus the consensus estimate of $210.95 million.
Net revenue increased $18.6 million, or 9.5%, to $214.8 million, driven by $20.0 million from the recently acquired Cloverhill Business partially offset by slightly lower organic net revenue.Total Company point of sale increased 4.0% and market share was 17.4%, up 44 basis points, primarily from the addition of the Cloverhill Business.Net income was $16.4 million, compared to $189.6 million. Diluted EPS was $0.12 per share,... More