Hostess Brands stock gained almost 8% in the wake of the company's release of financial results for the third quarter. The Twinkie maker said that net revenue dropped 2%, pointing to supply issues and shipment disruptions related to Hurricanes Harvey and Irma.
Yet in-store bakery sales climbed at a pace that nearly doubled compared to the first half of 2017, and Hostess pointed to new products like Chocolate Cake Twinkies, White Fudge Ding Dongs, and Golden CupCakes in driving efforts to grow the top line.
Hostess also issued favorable guidance for the full year, including both revenue and earnings projections that exceeded current expectations among investors. Even though the impending retirement of CEO Bill Toler looms large, Hostess is optimistic about its prospects for long-term growth.
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