Hostess Brands, Inc. Announces Third Quarter 2020 Financial Results
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Hostess Brands (TWNK) Tops Q3 EPS by 2c, Revenues Beat; Raises FY20 EPS Mid-Point Guidance Above Consensus, Announces $100M Share Buyback
November 5, 2020 4:45 PM ESTHostess Brands (NASDAQ: TWNK) reported Q3 EPS of $0.19, $0.02 better than the analyst estimate of $0.17. Revenue for the quarter came in at $260.9 million versus the consensus estimate of $252.93 million.
Delivers Strong Third Quarter ResultsRaises Guidance to Upper-End of Previous RangeAnnounces $100 Million Share Repurchase AuthorizationWe are very pleased with the double-digit revenue growth and continued EBITDA margin expansion in the quarter driven by the strong profit accretion from our Voortman business and continued growth of the Hostess®-branded business. We are encouraged by the steady return of the convenience channel... More
