Brief: UTZ Brands reports Q2 results

Utz Brands

11/08/2022 11:35

Aug 11 (Reuters) - UTZ Brands Inc  UTZ.N :
    * UTZ BRANDS REPORTS RECORD SECOND QUARTER NET SALES
    * Q2 SALES ROSE 17.5 PERCENT TO $350.1 MILLION
    * RAISING ITS FULL-YEAR FISCAL 2022 NET SALES AND ADJUSTED
EBITDA
OUTLOOK
    * QTRLY ORGANIC NET SALES INCREASED 13.6% YEAR-OVER-YEAR
    * QTRLY ADJUSTED EARNINGS PER SHARE $0.13
    * FOR FISCAL 2022, RAISING TOTAL NET SALES GROWTH OUTLOOK
FROM
10-13% TO 13-15%
    * RAISING FY ORGANIC NET SALES GROWTH OUTLOOK FROM 8-10% TO
10-12%
    * INCREASING FISCAL 2022 ADJUSTED EBITDA OUTLOOK FROM MODEST
GROWTH TO 2-5% GROWTH
    * QTRLY EARNINGS PER SHARE $0.04
    * Q2 EARNINGS PER SHARE VIEW $0.11, REVENUE VIEW $335.4
MILLION --
REFINITIV IBES DATA
    * FY2022 REVENUE VIEW $1.34 BILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw2ZRQ4Na 
Further company coverage:  UTZ.N