Utz Brands Stock Rises as Salty Snacks Sales Drive Profit Higher
1. Utz beat Q4 EPS forecasts at $0.22. Earnings outperformed estimates. 2. Branded salty snacks grew 3%, driven by strong Power Four Brands. Growth bolstered sales. 3. Non-branded and non-salty snacks fell 18%. Declines from partner brands impacted revenue. 4. Full-year guidance expects EPS up 10-15% with low-single-digit net sales growth. Confidence is rising. 5. Shares climbed 6% on report despite a past 25% decline. Market reaction was immediate.