Utz Stock Slips as Pretzel Maker Drops Sales Expectations [Yahoo! Finance]
Utz Brands Inc Class A (UTZ)
Company Research
Source: Yahoo! Finance
The chip and pretzel company said it expects consumers to be more value-conscious in the back half of 2024, creating a more competitive promotional environment. Utz's adjusted EPS projection remained unchanged, and near the Street's consensus. Utz Brands ( UTZ ) shares fell after the snack manufacturer dropped its full-year guidance. The company, known for its namesake chips along with a range of other chip and pretzel brands, said it expects full-year organic net sales to grow 2% to 2.5% year-over-year, down from a previous estimate of 3%. Utz attributed the adjustment to “a more competitive promotional environment." Utz reiterated its adjusted earnings per share growth projection of 28% to 32%, which at the midpoint reflects levels near Visible Alpha's consensus estimate. The guidance update came ahead of a presentation at the 2024 Barclays Global Consumer Staples Conference on Thursday. "I do think that pricing is something that consumers are being more thoughtful about,
Show less
Read more
Impact Snapshot
Event Time:
UTZ
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
UTZ alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
UTZ alerts
High impacting Utz Brands Inc Class A news events
Weekly update
A roundup of the hottest topics
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 Brands falls after reducing its organic sales expectations [Seeking Alpha]Seeking Alpha
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