Hostess Brands Inc is purportedly exploring a sale after fielding takeover interest from major snack producers, including PepsiCo, Mondelez, General Mills and Hershey.
The maker of America’s No. 1 cupcake, mini doughnut and sugar-free cookie brands reported second-quarter revenue of $340.5m, exceeding Wall Street forecasts.
A decade after bankruptcy, Hostess Brands is thriving under CEO Andy Callahan, who has prioritised innovation to turn the century-old maker of Twinkies, Ding Dongs and Donettes into a snacking powerhouse.
Hostess Brands has posted ‘outstanding’ Q1 2022 results, driven by accelerated innovation and marketing capabilities to drive greater engagement with consumers.
Similar to the energy boost from its newly-released caffeinated donuts, surging profits in the company’s fourth quarter helped generate double-digit earnings gains in 2021 at Hostess Brands.
The Twinkies and Ding Dongs maker posted better-than-expected results for the third quarter, with higher volume, a favourable product mix, pricing and productivity and a higher volume offsetting rising inflation.
Hostess Brands has topped consensus revenue estimates four times over the past four quarters, again surpassing the Zachs Consensus Estimate by 1.38% for the quarter ended June 2020.
Hostess Brands Inc. has finalised its acquisition of Ontario’s Voortman Cookies Ltd. from private equity firm Swander Pace Capital (SPC) for a cash transaction valued at approximately C$425m ($320m).
