Hostess profits and sales climb, thanks to strong demand for Twinkies, other products

Hostess Holdings L.P. on Thursday reported higher third-quarter profits and revenue, thanks to stronger demand for its sweet baked goods and other bakery products.

The Kansas City-based company, which is a subsidiary of Hostess Brands Inc., said net income climbed to $33.5 million for the period that ended Sept. 30. That compares with a net loss of $4.1 million a year earlier.

Net revenue climbed 24 percent to $196.2 million, as sales climbed for Twinkies, Ding Dongs, Ho Hos, and other baked treats.

Bill Toler, Hostess Brands’ president and chief executive, said the third-quarter results “are evidence of the successful execution of our strategy to continue to build out our...distribution opportunities and enhance our product assortment through innovation and new product development.”

Shares in Hostess Brands began trading Monday on the Nasdaq exchange.

This story was originally published November 10, 2016 at 6:21 PM with the headline "Hostess profits and sales climb, thanks to strong demand for Twinkies, other products."