Utz Brands rises on strong annual sales forecast

Utz Brands

02/03/2023 15:43

** Shares of snacks maker Utz Brands Inc  UTZ.N  rise as
much as 12.5% to a near three-month high of $18.34
    ** ** Stock last up ~10% after co forecasts full-year sales
above Wall Street estimates on expected boost from price hikes
    ** Expects annual sales to rise 3% to 5% above estimates of
3.1% increase, per Refinitiv data
    ** Co also beats Q4 sales, profit estimates
    ** With Thursday's gains, UTZ up over 20% in the past 12
months

 (Reporting by Anne Florentyna Gnanaraja Sekar in Bengaluru)
 ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;))