Hostess brands to add new bakery in Arkadelphia, Ark., to meet increased demand

• Hostess Brands (NASDAQ:TWNK) to convert an idled factory in Arkadelphia, Ark., into a state-of-the-art bakery.
• The bakery is expected to be operational in the second half of 2023 and bring approximately 150 new jobs to the community over the next three years.
• The company plans to invest $120M to $140 million to transform the 330,000-square-foot facility in Arkadelphia into a next-generation bakery.
• The new bakery will increase the company's capacity across its bakeries on its Donettes and cake platforms by approximately 20%.
• This decision will reduce the company's costs for the new bakery as well as minimize environmental impacts.
• Recently, the company was trading higher after strong earnings, long-term guidance.

Comments

[bznsizgd]

This is how I make mistakes , thoroughly researched this company and invested shortly after they emerged from BR . Felt they were really on the right path, sold too early and missed out on most of the profit. I stink….