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Current Position:Home » News » Processed Foods » Bakery & Cereals » Topic

Hostess loss tops $5 million in latest period

Zoom in font  Zoom out font Published: 2012-08-09  Origin: foodbusinessnews  Views: 39
Core Tip: 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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