2023-08-08 16:18:52 ET
- Hostess Brands press release ( NASDAQ: TWNK ): Q2 GAAP EPS of $0.24 misses by $0.02 .
- Revenue of $352.4M (+3.5% Y/Y) misses by $6.68M .
- Adjusted EBITDA increased 16.1% to $80.0 million. Adjusted EBITDA margins increased by 247 basis points to 22.7%.
- Cash and cash equivalents were $99.4 million as of June 30, 2023, resulting in a net leverage ratio of 2.9x.
- Capital expenditures were $58.2 million, including the build-out of the new bakery in Arkadelphia, Arkansas, which remains on track to begin operations in the 4th quarter of 2023.
- Reaffirms full-year 2023 guidance for net revenue growth of 4% to 6%, raises adjusted EBITDA and adjusted EPS guidance toward the higher end of its previous $315 million to $325 million and $1.08 to $1.13 guidance ranges, respectively.
For further details see:
Hostess Brands GAAP EPS of $0.24 misses by $0.02, revenue of $352.4M misses by $6.68M