Hostess suffers $4.5 million loss in period

by Eric Schroeder
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IRVING, TEXAS — Hostess Brands, Inc. sustained a loss of $4,465,000 in the five weeks ended June 2.

This compared with a loss of $938,000 in the four weeks ended April 28. EBITDA in the most recent five weeks was $6,736,000, which compared with $2,898,000 in the period ended April 28.

Net sales in the five weeks ended June 2 were $232,845,000, which compared with $184,407,000 in the four weeks ended April 28.

Hostess Brands listed its total assets as of June 2 at $1,067,189,000 and total liabilities at $2,531,810,000.

The results were filed July 6 in the U.S. Bankruptcy Court Southern District of New York.

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READER COMMENTS (5)

By Bread and Buns 7/17/2012 9:24:56 AM
Hostess will under bid to hurt their competitors knowing they will not make a profit. Duh!

By bread----money 7/16/2012 11:11:49 AM
what do you expect when the foreign companies run consistent triple and quadroople bogo's and deteroriate the value of everyone's product.

By kalvinsims 7/14/2012 4:28:00 PM
i hope hostess ca pull out of its woes

By Mike Skorup 7/14/2012 8:03:59 AM
the court better shut these guys down before the run up a bigger tab. I guess they are going to let them go really bad, like the banks!

By Fred 7/13/2012 11:45:12 AM
What did you expect? The incompetance is running amok.