2023-05-09 16:34:15 ET
- Hostess Brands press release ( NASDAQ: TWNK ): Q1 GAAP EPS of $0.28 beats by $0.01 .
- Revenue of $345.4M (+4.0% Y/Y) beats by $6.96M .
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Guidance and Outlook
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The Company reaffirms the following expected consolidated financial results for the full year 2023:
- Net revenue growth of 4% to 6%
- Adjusted EBITDA of $315 million to $325 million, an increase of 7% to 10% from 2022
- Adjusted EPS of $1.08 to $1.13, an increase of 10% to 15% from 2022
- Weighted average diluted shares outstanding of approximately 135 million
- Capital expenditures of approximately $150 million to $170 million
- Income tax rate of approximately 27%
For further details see:
Hostess Brands GAAP EPS of $0.28 beats by $0.01, revenue of $345.4M beats by $6.96M