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Hostess Brands has launched two new limited-edition wafer flavors for fall: Pumpkin Spice and S'mores. Available in stores across the U.S., these wafers are made with real pumpkin or cocoa and contain no high-fructose corn syrup or artificial ingredients. They come in 10.6-ounce packages priced at $3.79. The introduction of these seasonal flavors aligns with consumer demand for autumn snacks, as highlighted by general manager Adam Lisook, who emphasized the appeal of traditional fall flavors.
Hostess Brands (NASDAQ: TWNK) announced a bonus of up to $1,000 for nearly 2,000 bakery and warehouse employees on August 3, 2022, in recognition of their commitment amid ongoing supply chain challenges. Despite these difficulties, the company reported a Total Incident Rate (TIR) of 1.26 at its national warehouse, significantly below the national average of 5.1. Hostess operates five bakeries across North America and achieved sales exceeding $1.1 billion. This initiative underscores the company's focus on employee well-being and operational efficiency.
Hostess Brands, Inc. (NASDAQ: TWNK) announced a 16.8% increase in net revenue for Q2 2022, totaling $340.5 million. This growth was driven by higher prices and increased volumes. Despite a 295 basis points decline in gross margins due to inflation and supply chain challenges, gross profit rose 7.2% to $112.7 million. The company raised its full-year net revenue guidance to at least 15% growth, while maintaining EBITDA guidance of $280 - $290 million and EPS guidance of $0.93 - $0.98.
Hostess Brands, Inc. (TWNK) will report its second-quarter earnings for the period ended June 30, 2022, on August 3, 2022, after market close. The earnings release is scheduled for approximately 4:00 p.m. EDT, followed by a conference call at 4:30 p.m. EDT. Investors can participate by dialing 877-451-6152 in the U.S. or 201-389-0879 internationally. A replay will be available after the call until August 17, 2022. The conference will also be available via a live webcast on the company's investor relations website.
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Hostess Brands (NASDAQ: TWNK), a leading sweet snacks company, announced participation in three upcoming investor conferences in June 2022. On June 9, they will engage in a fireside chat at the Evercore ISI Consumer & Retail Conference, available for live webcast and replay on their website. Following this, on June 14, they will meet investors at the Oppenheimer Consumer Growth and E-Commerce Conference. Lastly, on June 22, Hostess will host a pre-recorded fireside chat for the Jefferies Consumer Conference, accessible starting June 20. For more details, visit www.hostessbrands.com.
Hostess Brands (NASDAQ: TWNK) has released its 2022 Corporate Responsibility Report, highlighting its commitment to sustainability and social responsibility. Key achievements include a 25% reduction in water usage and a 14% decrease in energy use over the past two years. The company plans to open a new sustainable bakery in Arkadelphia, Arkansas, by late 2023. Hostess has also improved workplace safety, earning recognition from Forbes as a Top Workplace for Mid-sized Companies and Military Veterans. The report reflects Hostess's dedication to integrating environmental, social, and governance (ESG) goals into its operations.
Hostess Brands (NASDAQ: TWNK) reported strong financial results for Q1 2022, with net revenue of $332.1 million, reflecting a 25.1% increase year-over-year. This growth was driven by robust consumer demand and effective pricing strategies amid inflation. Gross profit rose 21.0% to $115.6 million, and adjusted net income increased 41.3% to $38.0 million, leading to an adjusted EPS of $0.27. The company has raised its full-year net revenue growth guidance to at least 12%, and plans additional pricing actions to manage escalating costs.
Hostess Brands has committed to not advertise to children under 13 through the Children's Food and Beverage Advertising Initiative (CFBAI), aligning with strict nutrition criteria. The decision follows the company's growth and a new advertising campaign called 'Live Your Mostess,' which aims to resonate with adult consumers. Hostess plans to increase its advertising spend significantly in the coming years. This pledge reflects the company's dedication to being a socially responsible brand and positions it alongside 19 other industry leaders in improving children's food advertising.
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