NYSE$UTZ
Utz Brands Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Utz's financial performance declined due to higher than planned inflation across key input costs, partially offset by net sales increase.
Utz Brands reported a 23.1% increase in net sales to $297.9 million, driven by acquisitions and favorable price/mix, though pro forma net sales decreased by 4.0%. Net income increased to $16.2 million, while adjusted EBITDA rose by 9.5% to $35.7 million. The company is experiencing higher commodity, transportation, and labor costs impacting margins, with benefits from pricing actions and productivity initiatives expected in the back half of the year.
- Net sales increased by 23.1% to $297.9 million, driven by acquisitions and favorable price/mix.
- Pro forma net sales decreased by 4.0% to $299.2 million compared to the previous year.
- Net income improved to $16.2 million, primarily due to a gain from remeasurement of warrant liabilities.
- Adjusted EBITDA increased by 9.5% to $35.7 million but was impacted by higher commodity, transportation, and labor costs.
Headline financials
Revenue & EPS history
Utz · Revenue · Quarterly
$298M
Forward guidance
The Company believes that consumer demand for its products will remain strong in the second half of fiscal 2021 and continues to believe that sales growth will accelerate. However, given the challenging industry-wide supply chain dynamics, the Company is experiencing higher commodity, transportation, and labor costs. These costs began to rise in the first quarter of fiscal 2021, continued to rise in the second quarter, and impacted the Company’s profitability more than anticipated.
Tailwinds
- Consumer demand for products will remain strong in the second half of fiscal 2021.
- Sales growth will accelerate.
- Taking appropriate actions to help offset the impact, including pricing, productivity, and cost savings actions
- The benefits are expected to be weighted towards the back half of the year.
- Actions to help offset inflationary pressures will have a meaningful carry-over benefit to fiscal 2022
Headwinds
- Challenging industry-wide supply chain dynamics.
- Experiencing higher commodity, transportation, and labor costs.
- Costs began to rise in the first quarter of fiscal 2021, continued to rise in the second quarter, and impacted the Company’s profitability more than anticipated.
- Costs will continue to be more elevated than originally expected for the remainder of fiscal 2021.
- The benefits are not expected to fully offset the incremental supply chain costs already incurred during fiscal 2021, and expected to occur during the second half of fiscal 2021.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
-0.2%
Avg return
Earnings day
+0.1%
Avg return
5 days after
-1.1%
Avg return
30 days after
55%
12 / 22 earnings
Positive
+15.2%
Q1 2022
Best reaction
-13.4%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.8% | -6.2% | -8.1% | |
| Q4 2025 | -4.8% | +2.9% | -19.2% | |
| Q3 2025 | -13.4% | -15.4% | -18.9% | |
| Q1 2025 | -8.7% | -8.8% | -0.5% | |
| Q4 2024 | +2.8% | +5.0% | +1.9% | |
| Q3 2024 | +7.0% | +6.3% | +7.4% | |
| Q2 2024 | +9.5% | +12.5% | +13.8% | |
| Q1 2024 | +6.1% | +4.6% | +2.3% | |
| Q4 2023 | -4.5% | -4.0% | +0.5% | |
| Q3 2023 | +1.1% | +6.6% | +11.5% | |
| Q2 2023 | +2.3% | -1.3% | -10.9% | |
| Q1 2023 | -7.3% | -5.4% | -13.9% | |
| Q4 2022 | +5.1% | +6.6% | +1.0% | |
| Q3 2022 | +5.4% | +8.2% | +11.7% | |
| Q2 2022 | -4.5% | -4.3% | -9.8% | |
| Q1 2022 | +15.2% | +14.2% | +4.1% | |
| Q4 2021 | -8.9% | -3.0% | +4.0% | |
| Q3 2021 | +8.4% | +7.2% | +0.1% | |
| Q2 2021 | -9.9% | -13.6% | -7.2% | |
| Q1 2021 | -7.1% | -8.2% | -6.4% | |
| Q3 2020 | -0.3% | -2.1% | +12.1% | |
| Q4 2019 | +0.1% | -0.1% | +0.2% |
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