Utz Brands Q1 revenue tops estimates, EPS in line

Published 01/05/2025, 11:54
Utz Brands Q1 revenue tops estimates, EPS in line

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.