Utz Brands cuts annual organic sales outlook, shares down [Yahoo! Finance]
Utz Brands Inc Class A (UTZ)
Company Research
Source: Yahoo! Finance
The company revised its organic sales guidance down from roughly 3% to 2-2.5%, an adjustment attributed to a "more competitive promotional environment" that has led to "moderated consumption trends" for the brand. Commenting on the outlook revision, analysts at Evercore ISI said they believe that Utz's commentary “likely reflects moves from FLNA to regain market share through more aggressive promo and trade practices.” UTZ shares fell 1.7% following Thursday's market open. During their conference speech, Utz's CEO and CFO highlighted that the salty snack category has been more promotional than anticipated, with consumers increasingly looking for value through promotions and their choice of channels. While Utz observed some improvement in category trends during August, they maintained a cautious outlook on the potential for a full recovery. “We are executing well on our distribution growth opportunities, which we expect will continue into 2025 and beyond,” Utz Chief Executiv
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UTZ
News
- Utz Brands to Webcast Presentation at the Stephens Annual Investment Conference on November 20 [Yahoo! Finance]Yahoo! Finance
- Utz Brands to Webcast Presentation at the Stephens Annual Investment Conference on November 20Business Wire
- Utz Brands, Inc. (NYSE: UTZ) had its price target lowered by analysts at Mizuho from $24.00 to $21.00. They now have an "outperform" rating on the stock.MarketBeat
- Utz Brands, Inc. (NYSE: UTZ) had its price target raised by analysts at Piper Sandler from $22.00 to $24.00. They now have an "overweight" rating on the stock.MarketBeat
- Is It Too Late To Consider Buying Utz Brands, Inc. (NYSE:UTZ)? [Yahoo! Finance]Yahoo! Finance
UTZ
Earnings
- 10/31/24 - Beat
UTZ
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- UTZ's page on the SEC website