Hostess suffers $4.5 loss in period
Hostess Brands, Inc. sustained a loss of $4.5 million in the five weeks ended June 2.
This compared with a loss of $938,000 in the four weeks ended April 28. EBITDA in the most recent five weeks was $6.7 million, which compared with $2.9 million in the period ended April 28.
Net sales in the five weeks ended June 2 were $232.8 million, which compared with $184,407,000 in the four weeks ended April 28.
Hostess Brands listed its total assets as of June 2 at $1.1 billion and total liabilities at $2.5 billion.
The results were filed July 6 in the US Bankruptcy Court Southern District of New York.