NYSE$UTZ

Utz Brands Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Reported net sales of $341.0 million, organic net sales were flat, and net income of $2.1 million.

Utz Brands reported flat organic net sales for Q4 2024, with branded salty snacks increasing by 2.9%. The company's net income was $2.1 million, and adjusted EBITDA increased by 7.5% to $53.1 million. Adjusted earnings per share increased by 37.5% to $0.22.

  • Net Sales of $341.0 million.
  • Organic Net Sales were flat; Branded Salty Snacks increased 2.9%.
  • Gross Profit Margin expansion of 230bps.
  • Adjusted EBITDA increased 7.5% to $53.1 million.

Headline financials

Total Revenue

$341M

Previous: $352M-3.1%
EPS (adj)

$0.22

Previous: $0.16+37.5%
Gross Profit Margin

25.5%

No prior period
Adjusted Gross Profit Margin

30.9%

No prior period
Adjusted SG&A Margin

15.4%

No prior period
Adjusted EBITDA Margin

15.6%

Previous: 14.0%+11.4%
Capital Expenditures

-$37.8M

Previous: -$10M-277.0%
Net Income

$2.1M

Previous: -$33.2M+106.3%
Operating Income

$7.24M

Previous: $10.2M-28.9%
Gross Profit

$110M

Previous: $115M-4.2%

Revenue & EPS history

Utz · Revenue · Quarterly

$341M

Q4 2024-3.1%vs Q4 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

For the fiscal year 2025, the Company expects low-single digit Organic Net Sales growth, 6% to 10% Adjusted EBITDA growth, and 10% to 15% Adjusted Earnings per Share growth.

Tailwinds

  • Organic Net Sales growth of low-single digits led by continued Branded Salty Snacks growth, particularly the Power Four Brands.
  • Less decline in Non-Branded & Non-Salty Snacks.
  • Adjusted EBITDA growth of 6% to 10%.
  • Adjusted EBITDA margin expansion of approximately 100bps, led by Adjusted Gross Margin expansion fueled by strong productivity cost savings and improved product mix.
  • Adjusted Earnings per Share growth of 10% to 15% led by increased operating earnings and lower interest expense.

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 Q4 2024

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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