Hostess Brands, Inc. Announces Second Quarter 2019 Financial Results
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Hostess Brands (TWNK) Tops Q2 EPS by 2c, Revenues Beat; Offers FY19 EPS Guidance
August 7, 2019 4:22 PM EDTHostess Brands (NASDAQ: TWNK) reported Q2 EPS of $0.17, $0.02 better than the analyst estimate of $0.15. Revenue for the quarter came in at $241.1 million versus the consensus estimate of $224.76 million.
Business Highlights for the Second Quarter 2019 as Compared to the Prior Year Period
Net revenue increased $25.2 million, or 11.7%, to $241.1 million due to higher volume of both core and new Hostess® branded products driven by distribution and merchandising support as well as realization of price increases.Total Company point of sale in tracked channels increased 6.3% and market share of 19.0% was up 81 basis points.Gross... More