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Hostess Brands (NASDAQ: TWNK, TWNKW) reported a strong financial performance for Q4 2020, achieving $256 million in net revenue, an 18.1% increase year-over-year. The growth was largely driven by the acquisition of Voortman and increased sales of Hostess-branded products. Gross profit rose to $95.8 million, reflecting a significant margin improvement. Adjusted net income reached $28.7 million, resulting in adjusted EPS of $0.21. For 2021, the company expects adjusted net revenue growth of 3.0% to 4.5% and adjusted EBITDA of $255 million to $265 million, signaling continued growth momentum.
Hostess Brands, Inc. (Nasdaq: TWNK, TWNKW) will report its fourth quarter and full year results for 2020 on February 24, 2021, after market close. A conference call for investors is scheduled for 3:30 p.m. CT (4:30 p.m. ET) to discuss these results. Participants can join the call via telephone or through a live webcast available on the Company’s website. Hostess is known for its iconic snacks like Twinkies®, CupCakes, and Donettes®, and has expanded its product range following the acquisition of Voortman Cookies Limited in January 2020.