- May 20, 2009
- 143,335
- 65,428
- 2,330
Yeah..
It had nothing to do with the fact that they kept selling junk food to a culture that was moving away from it.
Market demand, something, something.. Profit.. Etc.
"There were all these crazy work rules, like one driver can only drive cake and the other can only drive bread. Hostess went through bankruptcy in 2004 and not enough work was done in that filing to deal with these issues.
I hear that the push toward healthier food is what did us in, but that hasnt affected us at all. Why do you have chocolate companies? How do you explain doughnut shops when doughnuts havent changed in 100 years? We were north of $2 billion a year in sales. They werent the problem, our cost structure was..."
Also you might want to Google "Richard Gephardt + Hostess"
Hmmm..
Considering their REVENUE was down 2.3% in 2011, I am assuming that is because they were selling negative amounts of twinkies?
Or maybe people weren't buying them at all.
#170 Hostess Brands - Forbes.com
To make a comparison to doughnut SHOPS is hilarious, that is a completely different demographic than convenience stores and grocery stores (where hostess was stocked).
$2B a year in sales = "not buying them at all" That's Gubbamint thinking for ya