Hostess Brands, Inc. Announces Third Quarter 2019 Financial Results
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Hostess Brands (TWNK) Tops Q3 EPS by 1c, Revenues Beat; Offers FY19 EPS Guidance
November 6, 2019 4:13 PM ESTHostess Brands (NASDAQ: TWNK) reported Q3 EPS of $0.13, $0.01 better than the analyst estimate of $0.12. Revenue for the quarter came in at $227.2 million versus the consensus estimate of $215.73 million.
Business Highlights for the Third Quarter 2019 as Compared to the Prior Year Period1
Net revenue increased $16.2 million, or 7.7%, to $227.2 million due to higher volume of core Hostess® branded products and breakfast innovation driven by distribution and merchandising support, as well as the previously announced price increases, partially offset by the sale of the In-Store Bakery ("ISB") business on August 30, 2019. Excluding ISB, net revenue increased... More