Hostess Brands rode favorable snacking trends to a strong first quarter, with net income up 30% year-over-year.
Hostess Brands rode favorable snacking trends to a strong first quarter, with net income up 30% year-over-year.
The company reported net revenue of $332 million for the quarter, up 25% from the same quarter last year. Net income was $34.6 million, up from $26.7 million year-over-year.
“Our strong volume growth during the quarter, even as we successfully implemented pricing actions to offset high inflation, underscores favorable snacking behaviors as well as our superior innovation and supply-chain execution,” CEO Andy Callahan said in a statement.
Hostess’s gains were driven by strong point-of-sale growth in both sweet baked goods, up 24.7%, and its Voortman cookie business, up 29%. Hostess acquired Voortman, a leading processor of crème wafers and sugar-free cookies, in 2019.
Kaeser is the world’s leading air systems specialist and offers a full range of compressed air solutions for almost any application. From industrial compress...
Take a moment to see the scope of Kaeser's commitment to innovative system designs that guarantee ultra-reliable compressed air, easy maintenance, and greater efficiency.
Ventilation has a huge impact on the ambient temperature in the compressor room and is often the missing link to temperature regulation issues. Here are four factors to consider...
Learn how to get a smart, reliable, energy-efficient compressed air system delivered in a turnkey, weatherproof and temperature-controlled enclosure that needs little or no onsite...
