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The latest announcement is out from UTZ Brands ( (UTZ) ).
Utz Brands reported financial results for the fourth quarter and full year 2024, with net sales of $341.0 million for the quarter and $1,409.3 million for the year, showing a slight increase in organic net sales and significant growth in adjusted earnings metrics. Despite a net sales decrease in the fourth quarter due to brand divestitures, the company achieved notable profit margin expansions and a turnaround to net income from a previous loss, driven by productivity initiatives and favorable sales volume/mix. Looking ahead to 2025, Utz anticipates continued growth in organic net sales and adjusted earnings, supported by strategic investments and cost-saving measures, while positioning itself to meet or exceed its fiscal 2026 financial goals.
More about UTZ Brands
Utz Brands, Inc. is a leading U.S. manufacturer of branded salty snacks, producing a diverse portfolio of savory snacks under popular brands such as Utz®, On The Border®, Zapp’s®, and Boulder Canyon®. With a century-long family heritage, Utz is headquartered in Hanover, Pennsylvania, and operates multiple manufacturing facilities across the U.S., distributing its products nationally through various retail channels.
YTD Price Performance: -11.09%
Average Trading Volume: 882,980
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.86B
See more insights into UTZ stock on TipRanks’ Stock Analysis page.
