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.
Less than four years after acquiring Bantam, Lancaster Colony food company has made the decision to exit the business, based on its financial underperformance, but compounded by a raft of current challenges that dented Lancaster’s bottom line.
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.
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.
Kellogg Company posted better-than-expected financial results for Q2 2020, buoyed by the demand for its breakfast cereals and waffle mixes as consumers continue to stock their pantries while working from home.
General Mills posted a 21% rise in Q4 sales, driven by the burst of in-home eating and baking caused by the lockdown to contain the spread of coronavirus
The Mexican bakery giant saw increased demand for its baked goods – especially in the last two weeks of March – as consumers stocked up for the coronavirus lockdown.
The two snacking giants have reported a rise in organic sales in the first three months of the year as consumers rushed to stock up on comforting snacks before lockdown.
The Cheerios and Nature’s Valley maker has raised its forecast for 2020, as social distancing efforts aimed at slowing the rapid spread of COVID-19 is causing consumers to stockpile, boosting demand for eat-at-home products like cereals and boredom-busting...
In a conference call with analysts, the Mexican bakery giant’s chairman and CEO Daniel Servitje said the closure – although temporary – is expected to affect figures for Q1 2020.
PepsiCo posted better-than-expected fourth quarter results, primarily driven by its Frito-Lay North American unit, which delivered its fastest rate of growth since 2013, according to CEO Ramon Laguarta.