Overview
Salty snacks maker's Q4 net sales increased 0.4% yr/yr
Adjusted EPS for Q4 met analyst expectations
Company announced $50 mln share repurchase program
Outlook
Utz expects FY'26 organic net sales growth of 2% to 3%
Company projects FY'26 adjusted EBITDA growth of 5% to 8%
Utz forecasts FY'26 adjusted free cash flow between $60 mln and $80 mln
Result Drivers
BRANDED SNACKS GROWTH - Branded Salty Snacks Organic Net Sales rose 2.5%, led by Power Four Brands, despite a decline in non-branded snacks
PRODUCTIVITY SAVINGS - Adjusted Gross Profit Margin increased 560bps, driven by productivity savings offsetting cost inflation
EXPANSION GEOGRAPHIES - Sales gains in expansion geographies contributed to overall growth, with Power Four Brands gaining share in core geographies
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EPS
Meet
$0.26
$0.26 (10 Analysts)
Q4 Adjusted Net Income
$37.60 mln
Q4 Adjusted EBITDA
$62.40 mln
Q4 Adjusted Gross Margin
36.50%
Q4 Gross Profit
$89.10 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "hold."
Wall Street's median 12-month price target for UTZ Brands Inc is $14.00, about 25.8% above its February 11 closing price of $11.13
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release: ID:nBw4b3tZ7a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)