Hostess Brands, Inc.
hostessbrands.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2023 10-Q, filed Nov 7, 2023. Its latest SEC filing is a SC 13G/A from Feb 9, 2024.
10-Q for Q3 FY2023, filed Nov 7, 2023
The sections below describe the company as of the FY2022 annual report.
What Did They Do?
Makes and sells packaged sweet snacks, including snack cakes, donuts and cookies, under Hostess, Voortman and other brands to retailers and distributors in North America.
10-K for FY2022, filed Feb 21, 2023Hostess Brands, Inc. (together with its subsidiaries) (“We” or the “Company”) is a leading sweet snacks company focused on developing…View ↗
Hostess® has been an iconic American brand for generations. Our extensive portfolio of timeless and universally recognized names such as…View ↗
We generate revenue through selling packaged snacks, which include iconic products such as Donettes®, Twinkies®, CupCakes, Ding Dongs®…View ↗
How Did They Make Money?
Retailers and distributors pay for packaged snacks when the products ship or arrive, depending on the customer arrangement. Customers are invoiced at shipment or pickup, with payment generally due within 30 days.
10-K for FY2022, filed Feb 21, 2023
$1.4B
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10-K for FY2022, filed Feb 22, 2023
$1.4B ↗
Who Were Their Customers?
Sells primarily to supermarket chains, national mass retailers and convenience stores, with smaller sales to club, dollar and drug stores, vending and other retail outlets. Products go to customers’ warehouses or distribution centers, and customers distribute them to retail stores or distributors; third-party distributors help reach convenience, drug and dollar stores.
10-K for FY2022, filed Feb 21, 2023We generate revenue through selling packaged snacks, which include iconic products such as Donettes®, Twinkies®, CupCakes, Ding Dongs®…View ↗
We are a leading sweet snacks company focused on developing, manufacturing, marketing, selling and distributing snacks in North America…View ↗
We believe our DTW distribution model allows our products to be everywhere consumers shop for snacks. It provides greater reach into…View ↗
10-K for FY2022, filed Feb 21, 2023
The Company has one customer that accounted for 10% or more of the Company’s total net revenue. The percentage of total net revenues for…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 12 cents of every revenue dollar as net income in FY2022 and turned 10 cents into free cash flow.
10-K for FY2022, filed Feb 22, 2023
$220.3MView ↗
10-K for FY2022, filed Feb 22, 2023
$164.2MView ↗
10-K for FY2022, filed Feb 22, 2023
$129.4MView ↗
How Were They Changing?
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Nov 7, 2023
Smucker completed its acquisition of Hostess Brands
Hostess became a wholly owned subsidiary of Smucker, and its shares ceased trading on Nasdaq.
Sources
8-K, filed Nov 7, 2023
On November 7, 2023 (the “Closing Date”), following consummation of the Offer, Purchaser merged with and into the Company (the “Merger”)…View ↗
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Sep 12, 2023
Hostess agreed to be acquired by Smucker
The agreement provided for a cash-and-stock exchange offer followed by a merger.
Sources
8-K, filed Sep 12, 2023
On September 10, 2023, Hostess Brands, Inc., a Delaware corporation (the “Company”), entered into an Agreement and Plan of Merger (the…View ↗
Grew. Revenue grew 60% in 4 years, from $850.4M in FY2018 to $1.4B in FY2022, about 12% a year.
Added cookies and wafers
The latest report describes a broader snack business that includes Voortman cookies and wafers alongside Hostess baked snacks; the older report describes the Voortman acquisition but presents it as an addition to the baked-goods business.
10-K for FY2019, filed Feb 26, 2020 10-K for FY2022, filed Feb 21, 2023Hostess Brands, Inc. (together with its subsidiaries) (“We” or the “Company”) is a leading sweet snacks company focused on developing…View ↗
Hostess® has been an iconic American brand for generations. Our extensive portfolio of timeless and universally recognized names such as…View ↗
The Company has one reportable segment: Snacking. The Snacking segment consists of sweet baked goods, cookies, bread and buns that are sold…View ↗
Who Did They Compete With?
Competes with Flowers Foods, Grupo Bimbo, McKee Foods, and Mondelez International
10-K for FY2022, filed Feb 21, 2023We face competition from other brands, large national bakeries, smaller regional operators and supermarket chains with their own private…View ↗
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