Gold prices hit 2-week high as Trump-Fed feud escalates with Cook firing
Investing.com -- Utz Brands, Inc. (NYSE:UTZ) reported first quarter financial results that beat revenue expectations while meeting earnings per share estimates. The snack food manufacturer’s revenue grew YoY as it continues to focus on its core branded salty snacks business.
Utz Brands reported Q1 adjusted earnings per share of $0.16, matching the analyst consensus estimate. Revenue for the quarter came in at $352.1 million, surpassing the $345.61 million analysts were expecting. The company’s Q1 revenue represented an increase from the same period last year, though the exact percentage was not provided.
For fiscal year 2025, Utz Brands reiterated its previously announced outlook. The company continues to expect low-single digit organic net sales growth, led by its branded salty snacks segment, particularly its "Power Four" brands. Utz also forecasts adjusted EBITDA growth of 6% to 10% and adjusted EBITDA margin expansion of approximately 100 basis points.
"We’re pleased to deliver first quarter results in line with expectations as we continue executing our strategy focused on our core branded salty snacks portfolio," said [CEO Name], Chief Executive Officer of Utz Brands. "Our outlook for fiscal 2025 remains unchanged as we drive productivity improvements and favorable product mix to expand margins."
The company projects adjusted earnings per share growth of 10% to 15% for fiscal 2025, driven by increased operating earnings and lower interest expenses.
Utz Brands expects these improvements to be fueled by strong productivity cost savings and an improved product mix leading to adjusted gross profit margin expansion.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.