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,
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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