Hostess Brands, Inc. Announces First Quarter 2019 Financial Results
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Hostess Brands (TWNK) Tops Q1 EPS by 1c, Revenues Beat; Affirms FY19 Revenue Growth Outlook
May 8, 2019 4:06 PM EDTHostess Brands (NASDAQ: TWNK) reported Q1 EPS of $0.14, $0.01 better than the analyst estimate of $0.13. Revenue for the quarter came in at $222.7 million versus the consensus estimate of $211.23 million.
Net revenue increased $14.0 million, or 6.7%, to $222.7 million. Organic growth contributed $7.2 million or 345 basis points of incremental net revenue primarily from strong growth in the club channel and higher revenue due to price increases. The acquisition of the Cloverhill business contributed $6.8 million or 326 basis points of incremental net revenue.Total Company point of sale in tracked channels increased 1.6% and market share of 18.2% was... More