Hostess Brands (TWNK) Tops Q4 EPS by 2c, Revenues Beat; Offers FY19 EPS Guidance Below Consensus
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Hostess Brands, Inc. Announces Fourth Quarter 2018 Financial Results
February 27, 2019 4:05 PM ESTKANSAS CITY, Mo.--(BUSINESS WIRE)-- Hostess Brands, Inc. (NASDAQ: TWNK) (NASDAQ: TWNKW) (Hostess or the Company), today reported its financial results for the fourth quarter and full year ended December31, 2018.
Business Highlights for the Quarter1:
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.... More