earnings
confidence high
sentiment positive
materiality 0.75
Utz reports Q2 net sales up 17.5% to $350.1M; raises FY2022 outlook
Utz Brands, Inc.
2022-Q2 EPS reported
-$0.18
revenue$690,914,000
- Net sales $350.1M, up 17.5% YoY; organic net sales +13.6%.
- Adjusted EBITDA $42.2M, up 18.2% YoY; adjusted EBITDA margin 12.1%.
- GAAP net income $2.5M vs $16.2M prior year; adjusted EPS $0.13 flat.
- Raising full-year fiscal 2022 net sales and Adjusted EBITDA outlook.
- Pricing actions and productivity programs expected to offset cost inflation in H2.