NYSE$UTZ
Utz Brands Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported strong momentum with dollar, pound, and unit share gains in the Salty Snack category for the third consecutive quarter, delivered sixth consecutive quarter of year-over-year Adjusted EBITDA Margin expansion, and increased Adjusted Earnings per Share.
Utz Brands reported second quarter net sales of $356.2 million. Organic Net Sales increased 1.6%. Net income was $25.4 million, with earnings per share of $0.23. Adjusted Earnings per share increased 46.2% to $0.19.
- Net Sales of $356.2 million.
- Organic Net Sales increased 1.6%.
- Gross Profit Margin expansion of 260bps.
- Adjusted Earnings per share increased 46.2% to $0.19.
Headline financials
Revenue & EPS history
Utz · Revenue · Quarterly
$356M
Forward guidance
The Company is modestly revising its outlook for Organic Net Sales growth from ~3% or better to now ~3%, reaffirming its outlook for Adjusted EBITDA growth of 5%-8%, and raising its outlook for Adjusted Earnings per Share growth from 23%-28%, to 28%-32%.
Tailwinds
- Organic Net Sales growth driven by volume growth.
- Increased marketing investments.
- Product innovation.
- Already achieved distribution gains.
- Easier second half growth comparison.
Headwinds
- Revised outlook due to a more moderate growth outlook for the Salty Snack Category.
- Net sales will be impacted by ~$45 million due to the sale of the Good Health® and R.W. Garcia® brands.
- Effective tax rate in the range of 17%-19%.
- Interest expense of ~$47 million.
- Capital expenditures in the range of $80-$90 million.
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 2024
-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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