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Stock impact report

Utz Brands Provides Business Update at 2024 Barclays Global Consumer Staples Conference

Utz Brands Inc Class A (UTZ) 
Company Research Source: Business Wire
HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded Salty Snacks and a small-cap value and growth Staples equity, today provided a full-year 2024 financial outlook update in conjunction with its participation at the 2024 Barclays Global Consumer Staples Conference."We experienced a strong start in the first half of the year, thanks to our continued focus on our growth strategies and value creation initiatives,” said Howard Friedman, Chief Executive Officer of Utz. “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. We will continue to make appropriate adjustments to our promotional activities to meet consumer value expectations but will re Show less Read more
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