Utz Brands shares are trading lower after the company cut its FY24 net sales growth guidance.
Portfolio Pulse from Benzinga Newsdesk
Utz Brands shares declined as the company reduced its FY24 net sales growth guidance.
September 05, 2024 | 12:59 pm
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NEGATIVE IMPACT
Utz Brands shares are trading lower following the company's decision to cut its FY24 net sales growth guidance. This indicates potential challenges in achieving previous sales targets.
The reduction in sales growth guidance suggests that Utz Brands may face difficulties in meeting its previous sales expectations, which is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100