earnings
confidence high
sentiment positive
materiality 0.80
Utz Q2 net sales $356.2M, adj EPS $0.19 (+46% YoY), raises FY adjusted EPS guidance
Utz Brands, Inc.
2024-Q2 EPS reported
$0.19
revenue$702,713,000
- Q2 net sales $356.2M; organic net sales +1.6%; net income $25.4M vs $(8.6)M prior year.
- Adjusted EPS $0.19 (+46.2% YoY); Adjusted EBITDA $49.7M (+10.0%).
- Gross profit margin expanded 260bps to 35.0%; adjusted gross margin 37.6%.
- Raised FY2024 adjusted EPS growth guidance to 28-32% (from 23-28%).
- Revised FY organic net sales growth outlook to ~3% (from ~3% or better).