Hostess Brands (NASDAQ: TWNK) delivered a record third quarter, posting double-digit growth on both the top and bottom lines. The Twinkies maker also raised its expectation for full-year sales growth.
Investors seem happy, especially considering the stock reached an all-time high of $29 last week. Let's take a closer look at Hostess Brands' most recent quarter, what lies ahead for the company, and why this consumer staples stock keeps reaching new heights.
Driven largely by price increases, Hostess' organic net revenue for Q3 jumped 20.2% from last year, reaching $346.2 million -- a record sales number. The Lenexa, Kansas-based company enjoyed growth across its entire portfolio during the third quarter.
For further details see:
Sales for This Recession-Proof Food Stock Just Keep Growing