Maker of Hostess Twinkies Posts Big Loss

Deseret News (Salt Lake City) › December 29, 2005

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Summary

KANSAS CITY, Mo. -- Interstate Bakeries Corp., the maker of Hostess Twinkies and Wonder Bread, announced Wednesday that it lost $32.5 million last month, its largest one-month drop since filing for bankruptcy last year.

The company, which has operations in Salt Lake City and Ogden, also reduced its retained earnings for the prior fiscal year by $331.5 million, including a $229 million reduction in the value of intangible assets. It also set aside $66 million to cover what it must contribute to pension plans.

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Maker of Hostess Twinkies Posts Big Loss

For the four weeks ending Nov. 12, the Kansas City-based comp...

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