NYSE$UTZ
Utz Brands Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported strong financial results for the first quarter as a public company.
Utz Brands reported a strong increase in net sales and gross profit. The net loss was driven by transaction-related expenses. The company also raised its full year 2020 outlook.
- Net sales increased by 24.2% compared to the prior year period.
- Gross Profit increased by 23.5% over the prior year period.
- Net loss was $7.3 million, driven by transaction expenses.
- Adjusted EBITDA increased by 39.8% over the prior year period.
Headline financials
Revenue & EPS history
Utz · Revenue · Quarterly
$79.4M
Forward guidance
For the 53-week fiscal year ending January 3, 2021, the Company is providing the following guidance: Net Sales growth of 10 – 11% versus 2019 Pro Forma Net Sales of $865.5 million and Adjusted EBITDA in the range of $129 to $132 million.
Tailwinds
- Net Sales growth of 10 – 11% versus 2019 Pro Forma Net Sales of $865.5 million
- 53rd Week representing approximately two percentage points
- Adjusted EBITDA in the range of $129 to $132 million
- Estimated 53rd Week impact of approximately $3 million
- Net leverage ratio of approximately 3x at the end of FY 2020
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 Q3 2020
-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% |
Discussion
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