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THE TRUTH ABOUT: Utz brands inc | History Defined

2 Food Maker Stocks to Buy Right Now and 2 to Avoid

The food makers industry is expected to remain robust due to steady demand and technological advancements. Therefore, food stocks Sysco (SYY) and US Foods Holding (USFD) might be solid buys. However, fundamentally weak Utz Brands (UTZ) and Smart for Life (SMFL) might be best avoided. Read on.

StockNews.com · Feb 3, 2023

2 Food Stocks That’ll Leave Bad Tastes in Your Mouth

Food manufacturers are struggling to keep up with the fast-paced inflation. Furthermore, high oil prices, labor shortages, and supply chain issues are significant headwinds for the industry. Additionally, the geopolitical situation has been worsening the global food crisis. Hence, we think food stocks Beyond Meat (BYND) and Utz Brands (UTZ)…

StockNews.com · Aug 16, 2022

Utz Brands Boosts FY22 Sales Outlook On Solid Q1 Results

Utz Brands Inc (NYSE:UTZ) reported first-quarter FY22 sales growth of 26.6% year-on-year to $340.8 million, beating the consensus of $311.1 million. Organic net sales improved 20.7% to $324.8 million. Adjusted gross profit grew 10.7% Y/Y to $115.7 million, while the adjusted gross profit margin contracted 487 basis points to 33.9%. The operating loss…

Benzinga · May 12, 2022

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Utz Brands Posts Mixed Q4 Results; Supply Chain Constraints Bites Into Margin

Utz Brands Inc (NYSE:UTZ) reported fourth-quarter FY21 sales growth of 22.2% year-on-year, to $300.9 million, beating the consensus of $296.81 million. Excluding the "extra week" last year, net sales in Q4 on a comparable 13-week basis increased 30.6%. The company said the Q4 earnings were impacted by higher than anticipated industry-wide supply chain costs.…

Benzinga · Mar 3, 2022

Utz Brands Bolsters Direct Store Delivery Capabilities Via Clem Snacks, J&D Snacks Acquisitions

Utz Brands Inc (NYSE:UTZ) subsidiaries have agreed to acquire the assets of two existing third-party direct store delivery distributors (DSD), Clem Snacks Inc and J&D Snacks Inc. Financial terms were not disclosed. Clem, founded in 1955, is a family-owned and operated distributor based in Brooklyn, New York. J&D has been serving Bronx, New…

Benzinga · Jan 24, 2022

Stephens Downgrades This Snack Food Manufacturing Company

Stephens analyst Ben Bienvenu downgraded Utz Brands Inc (NYSE:UTZ) to Equal Weight from Overweight with a price target of $18, down from $23, implying a 9.4% upside. Bienvenu notes that the company appears to set up to deliver lower than consensus EBITDA numbers in Q4 as margins pressures continue to linger. The analyst believes higher…

Benzinga · Jan 19, 2022

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