Hostess loss tops $5 million in latest period

by Eric Schroeder
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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.

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READER COMMENTS (5)

By bigdaddy hd 8/14/2012 4:34:48 PM
AS a worker they i estimate must lose in smashed caked because of retard loaders that put on skids and the bottom 3 rows all smashed even tho they been told they still smash the cake.Half or more orders have unaccounted cake they never ordered.This has to add up to millions you idiots.Those boxes used one time thrown out Dumpster guy come 3 times a week to unload.Painting 20 year old truck with a cheap ass paint job that wont last a year another genius idea.The routing like having guys drive 80 miles back but you got a closed depot right there.On AND ON IT GOES where it stops nobody knows.This is the most mismanaged company ive ever worked at its unbelievable the waste.They have to be losing well over the 5 million just in destroyed product bread and cake!Someones doing side deals on repairs and painting nobody could be that stupid(ya think)

By Dave Walker 8/9/2012 12:19:46 AM
Why are we painting trucks with over a half a million miles on them? These idiots that keep lending Hostess money without cleaning out the clueless management is beyond belief.

By Harry Grimes 8/8/2012 12:37:39 PM
Duh!!!! When u have too many Exec VP's that have nothing to do with the mission, which is selling bread and cake, as well as others of the same ilk,in ALL areas of the company, you are gonna FAIL, BIG TIME!!!!! get back to the basics of what it's all really about' you clueless "suits" !!!!!

By F Zalocha 8/8/2012 10:48:29 AM
Yes but we did update the NP packaging because that was very very important for a broke compnay to do. Management is broken.

By F Zalocha 8/8/2012 10:46:48 AM
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