Utz Brands falls after reducing its organic sales expectations [Seeking Alpha]
Utz Brands Inc Class A (UTZ)
Company Research
Source: Seeking Alpha
Chief Executive Officer Howard Friedman noted that the company experienced a strong start in the first half of the year due to its continued focus on growth strategies and value creation initiatives. "Further, we are executing well on our distribution growth opportunities, which we expect will continue into 2025 and beyond. However, our consumption trends in the third quarter to date moderated more than we expected due to a more competitive promotional environment, primarily in response to consumer value-seeking behavior. " Utz Brands ( UTZ ) plans to make appropriate adjustments to its promotional activities to meet consumer value expectations but will remain disciplined and focused on building sustainable long-term demand. For the full-year fiscal, Utz Brands ( UTZ ) reaffirms its outlook for adjusted EBITDA and adjusted EPS growth. Organic net sales are now expected to grow between 2% to 2.5%, compared to the company's previous expectation of approximately 3%. The revised ou
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UTZ
News
- Pulling back 3.6% this week, Utz Brands' NYSE:UTZ) five-year decline in earnings may be coming into investors focus [Yahoo! Finance]Yahoo! Finance
- Utz Brands: Spotlight On Growth Outlook And Potential M&A (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- Utz Brands declares $0.059 dividend [Seeking Alpha]Seeking Alpha
- Utz Brands, Inc. Declares Quarterly Cash DividendBusiness Wire
- Utz Stock Slips as Pretzel Maker Drops Sales Expectations [Yahoo! Finance]Yahoo! Finance
UTZ
Earnings
- 8/1/24 - Beat
UTZ
Sec Filings
- 8/29/24 - Form 4
- 8/29/24 - Form 3
- 8/20/24 - Form 8-K
- UTZ's page on the SEC website