Hostess loss tops $5 million in latest period
by Eric Schroeder
IRVING, TEXAS — Hostess Brands, Inc. sustained a loss of $5,126,000 in the four weeks ended June 30. This compared with a loss of $4,465,000 in the five weeks ended June 2 and a loss of $938,000 in the four weeks ended April 28. EBITDA in the most recent five weeks was $4,403,000, which compared with $6,736,000, in the period ended June 2 and $2,898,000 in the period ended April 28.
Net sales in the four weeks ended June 30 were $186,306,000, which compared with $232,845,000 in the five weeks ended June 2 and $184,407,000 in the four weeks ended April 28.
Hostess Brands listed its total assets as of June 30 at $1,070,359,000 and total liabilities at $2,540,002,000.
The results were filed Aug. 3 in the U.S. Bankruptcy Court Southern District of New York.