earnings
confidence medium
sentiment negative
materiality 0.75
Utz Q2 net sales up 23% but adjusted EBITDA margin down 150 bps on cost inflation
Utz Brands, Inc.
2021-Q2 EPS reported
-$0.07
revenue$567,101,000
- Q2 net sales $297.9M, +23.1% vs prior-year; pro forma net sales -4.0% to $299.2M.
- Adjusted EBITDA $35.7M, margin 12.0% (down 150 bps); adjusted EPS $0.13.
- CEO cites higher-than-planned inflation in commodities, transportation, and labor.
- Updated FY2021 outlook: pricing and productivity benefits expected in H2 with carryover to 2022.