Shares of Hostess Brands (NASDAQ:TWNK) rose 9% in pre-market trading after the company reported Q1 results.
Earnings per share were unchanged 0.00% year over year to $0.14, which beat the estimate of $0.13.
Revenue of $243,485,000 higher by 9.31% from the same period last year, which beat the estimate of $228,880,000.
Earnings guidance hasn't been issued by the company for now.
Hostess Brands hasn't issued any revenue guidance for the time being.
52-week high: $14.86
52-week low: $9.32
Price action over last quarter: down 0.87%
Hostess Brands is the second-largest U.S. provider of sweet baked goods under the Hostess and Dolly Madison group of brands, including Twinkies, Cupcakes, Ding Dongs, Ho Hos, Donettes, and Zingers. In 2018, Hostess expanded its breakfast offerings with the purchase of Aryzta's breakfast assets (the Cloverhill business), including a branded business and private-label deals, and in 2020 entered the cookie category via the Voortman tie-up. Although its roots stem from the 1919 launch of the Hostess Cupcake, the company filed for bankruptcy in 2012. Investors purchased the brands and restarted production in 2013, followed by a 2016 initial public offering. Most products are sold in the U.S., although third parties distribute some product to Mexico, the United Kingdom, and Canada.