Revenues of Hostess Brands Inc's Suppliers, deteriorated by -6.14 % compared to the same quarter a year ago, from the previous quarter, sales fell by -1.08 %, Hostess Brands Inc recorded an increase in cost of sales by 0.95 % year on year, sequentially cost of sales grew by 3.1 % in Q3.
Hostess Brands Inc's Suppliers realized a deteriorated in sales by -6.14 % compared to the same quarter a year ago, from the previous quarter, sales fell by -1.08 %, Hostess Brands Inc recorded increase in cost of sales by 0.95 % year on year, sequentially cost of sales grew by 3.1 % in Q3.
Our principal raw materials are cooking oil, sugar, coatings, flour and eggs, as well as cartons, corrugate and films used to package our products. We utilize various buying strategies to lock in prices for certain raw materials and packaging to reduce the impact of commodity price fluctuations. In addition, we are dependent on natural gas as fuel for our ovens. Our third-party common carriers use gasoline and diesel as fuel for their trucks.
We approach sourcing with a holistic strategy to acquire the best quality ingredients and packaging materials at the lowest possible cost. We have strategic, long-term relationships with our key suppliers for our raw materials and packaging that help leverage our buying power. While the cost of some raw materials has, and may continue to increase over time, we believe that we will be able to purchase an adequate supply of raw materials as needed. We also sole source certain raw materials for efficiency. We have multiple vendors that meet our supply requirements for the majority of our sole-sourced ingredients. With respect to the sole-sourced ingredients for which we do not have multiple vendors to meet our supply requirements, including certain enzymes used in our ESL technology, we continue to evaluate alternative sources in order to maintain business continuity and flexibility.
Hostess Brands Inc's Comment on Supply Chain
Our principal raw materials are cooking oil, sugar, coatings, flour and eggs, as well as cartons, corrugate and films used to package our products. We utilize various buying strategies to lock in prices for certain raw materials and packaging to reduce the impact of commodity price fluctuations. In addition, we are dependent on natural gas as fuel for our ovens. Our third-party common carriers use gasoline and diesel as fuel for their trucks.
We approach sourcing with a holistic strategy to acquire the best quality ingredients and packaging materials at the lowest possible cost. We have strategic, long-term relationships with our key suppliers for our raw materials and packaging that help leverage our buying power. While the cost of some raw materials has, and may continue to increase over time, we believe that we will be able to purchase an adequate supply of raw materials as needed. We also sole source certain raw materials for efficiency. We have multiple vendors that meet our supply requirements for the majority of our sole-sourced ingredients. With respect to the sole-sourced ingredients for which we do not have multiple vendors to meet our supply requirements, including certain enzymes used in our ESL technology, we continue to evaluate alternative sources in order to maintain business continuity and flexibility.
TWNK's Suppliers Net profit fell by
TWNK's Suppliers Net margin fell in Q3 to
-71.81 %
5.03 %
TWNK's Suppliers Net profit fell by -71.81 %
TWNK's Suppliers Net margin fell in Q3 to 5.03 %
Hostess Brands Inc's Suppliers Sales Growth
in Q3 2023 by Industry
Sources:
Hostess Brands inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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