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Hostess Brands gains after posting 4Q results beating Wall Street estimates

The maker of Twinkies, Ding Dongs and Ho Hos reported adjusted earnings per share of $0.17 on net revenue of $214.8 million, up 9.5% from a year earlier.
A Hostess box
Net revenue for Hostess got a $20 million boost from the recently acquired Cloverhill

Hostess Brands Inc (NASDAQ:TWNK) climbed Thursday after reporting fourth-quarter results that beat the estimates of Wall Street analysts.

The maker of Twinkies, Ding Dongs and Ho Hos posted late Wednesday adjusted earnings per share of $0.17 on net revenue of $214.8 million, up 9.5% from a year earlier. The average estimate of analysts was for earnings per share of $0.15 on revenue of $210.95 million.

Shares climbed 8.5% to $12.38 in Thursday's Nasdaq trading.

READ: Greggs lifts 2019 profit guidance as new vegan sausage roll helps to beef up sales

Net revenue, according to the company, got a $20 million boost from the recently acquired Cloverhill bakery business. 

“We are pleased with our solid finish to the year,” Hostess CEO Andy Callahan said in a statement. “The team executed on our plan to advance our business in a dynamic operating environment. Our achievements have created a strong foundation for Hostess to build on in the future.”

The Kansas City, Missouri, company said it expects continued revenue growth driven by Hostess-branded breakfast and other core products as well as expanded distribution and improved merchandising execution.

Contact Dennis Fitzgerald at [email protected]

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