Utz Brands Q4 Adj. EPS $0.16, Inline, Sales $352.10M Miss $357.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
Utz Brands (NYSE:UTZ) reported Q4 adjusted EPS of $0.16, meeting analyst estimates, but missed sales forecasts with $352.10M versus the expected $357.89M. This represents a slight increase in EPS from last year but a decrease in sales.
February 29, 2024 | 11:35 am
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Utz Brands reported Q4 adjusted EPS of $0.16, aligning with estimates, but sales of $352.10M missed expectations by 1.62%, indicating a slight decrease in sales from the previous year.
The EPS meeting expectations suggests stability in Utz Brands' profitability, which could reassure investors. However, the slight miss in sales forecasts and a decrease from the previous year's sales might raise concerns about growth prospects. The mixed results could lead to neutral short-term stock price movement as investors digest both the positive and negative aspects of the report.
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