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Utz Brands Inc (UTZ)
:UTZ
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.19Last Year’s EPS
0.16Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 18, 2021
|% Change Since: -11.83%
|Next Earnings Date:Nov 05, 2020
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed outlook with strong distribution gains and margin expansion offset by competitive pressures and challenges in certain segments. While growth is anticipated in the fourth quarter, some market challenges persist.Company Guidance
During the Utz Third Quarter 2024 Earnings Call, the company reaffirmed its full-year organic growth outlook of 2% to 2.5%, which anticipates a significant acceleration in the fourth quarter to at least 3.5% from the reported 1.9% in the third quarter. The management highlighted various factors contributing to this expected growth, including increased marketing efforts, ongoing innovation, and distribution gains, particularly in expansion geographies. Additionally, they noted that laps would become significantly easier in the fourth quarter. The call also addressed the impact of heightened competitive activity, especially in the potato chips segment, and the company's strategic focus on power brands. Utz's efforts to improve gross margins were evident, with a year-to-date expansion of 270 basis points, driven by productivity programs and favorable price/mix dynamics. The executives expressed confidence in their ability to maintain these improvements amidst a competitive promotional environment.Reaffirmed Full Year Organic Growth Outlook
Utz reaffirmed its full-year organic growth outlook of 2% to 2.5%, indicating confidence in achieving an accelerated growth rate in the fourth quarter.
Expansion of Distribution and Market Gains
Significant distribution gains were reported, particularly in expansion geographies, with brands like On The Border and Boulder Canyon driving household penetration increases.
Strong Performance in Non-Measured Channels
Utz noted strong growth in non-measured channels, which have turned from a headwind to a tailwind, contributing positively to overall performance.
Gross Margin Expansion
The company achieved a 270 basis point expansion in gross margin year-to-date, driven by strong productivity programs delivering more than 4% of EBITDA.
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UTZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UTZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $16.15 | $17.16 | +6.25% |
| Aug 01, 2024 | $14.73 | $15.64 | +6.18% |
| May 02, 2024 | $17.92 | $19.32 | +7.81% |
| Feb 29, 2024 | $18.06 | $17.42 | -3.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Utz Brands Inc (UTZ) report earnings?
Utz Brands Inc (UTZ) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Utz Brands Inc (UTZ) earnings time?
Utz Brands Inc (UTZ) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UTZ EPS forecast?
UTZ EPS forecast for the fiscal quarter 2024 (Q4) is 0.19.
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