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UTZBearishCorporate Developmentsnews
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Utz Stock Slips as Pretzel Maker Drops Sales Expectations

Sep 5, 2024, 2:50 PM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

Utz lowered net sales growth projection to 2-2.5%. Expectations of more consumer price sensitivity affect competitiveness. Adjusted EPS growth remains unchanged, near market consensus. Shares fell over 1% following guidance adjustment. Year-to-date shares are up roughly 9%.

  • Utz lowered net sales growth projection to 2-2.5%.
  • Expectations of more consumer price sensitivity affect competitiveness.
  • Adjusted EPS growth remains unchanged, near market consensus.
  • Shares fell over 1% following guidance adjustment.
  • Year-to-date shares are up roughly 9%.

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