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The EPS beat and robust salty snack growth outweigh the revenue decline from non-branded segments. Similar earnings surprises (e.g., in snack stocks like Mondelez) have historically led to share price rallies.
What happened, with direct paths to the underlying reporting
Utz beat Q4 EPS forecasts at $0.22. Earnings outperformed estimates. Branded salty snacks grew 3%, driven by strong Power Four Brands. Growth bolstered sales. Non-branded and non-salty snacks fell 18%. Declines from partner brands impacted revenue. Full-year guidance expects EPS up 10-15% with low-single-digit net sales growth. Confidence is rising. Shares climbed 6% on report despite a past 25% decline. Market reaction was immediate.
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