UTZ Earnings Prediction
The chart below shows how UTZ performed 10 days before and after its earnings report, based on data from the past quarters. Typically, UTZ sees a -2.02% change in stock price 10 days leading up to the earnings, and a +0.96% change 10 days following the report. On the earnings day itself, the stock moves by +2.33%. This data can give you a slight idea of what to expect for the next quarter's release.
UTZ Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
365.52M
-1.70%
2.62%
Gross Margin
35.85%
11.79%
2.37%
Operating Margin
8.31%
87.58%
5.19%
Net Margin
0.21%
-95.18%
-97.06%
EPS
-0.03
-115.79%
-113.04%
No Data Available
UTZ Earnings Analysis
Utz Brands, Inc. Corporation (UTZ.N) Earnings Conference Call
Positive
Organic Growth Outlook: 1. Organic Growth Outlook Reaffirmed: Utz Brands reaffirmed its full-year organic growth outlook of 2% to 2.5%, indicating a significant sequential acceleration expected in Q4 to at least 3.5%.
Household Penetration Growth: 2. Household Penetration Increase: The company reported a household penetration increase of 180 basis points, driven by distribution gains in expansion markets and strong performance from brands like On the Border and Boulder Canyon.
Gross Margin Improvement: 3. Gross Margin Expansion: Year-to-date, Utz has achieved approximately 270 basis points of gross margin expansion, with expectations to finish the year with about 250 basis points of improvement, supported by strong productivity programs.
Market Share Expansion: 4. Volume Share Gains: Year-to-date, Utz has successfully held its core volume share and gained approximately 0.2 percentage points in expansion markets, reflecting effective distribution and brand strategies.
Non-Measured Channel Growth: 5. Strong Performance in Non-Measured Channels: The company is experiencing growth in non-measured channels, which are expected to continue building momentum, contributing positively to overall performance.
Negative
Organic Growth Challenges: 1. Declining Organic Growth: Utz Brands reaffirmed its full-year organic growth outlook of only 2% to 2.5%, indicating a need for a significant acceleration to achieve even the low end of this target after reporting just 1.9% growth in Q3.
Volume Share Decline: 2. Volume Share Loss: Despite gaining volume share in a competitive promotional environment, Utz lost dollar share, highlighting a concerning trend in translating volume gains into revenue.
Promotional Environment Impact: 3. Increased Promotional Activity: The company noted a much more promotional environment in Q3, with promotions returning to levels seen in 2019, which could pressure margins and profitability moving forward.
Pricing Power Challenges: 4. Competitive Pricing Pressures: The competitive pricing environment has led to a translation challenge from volume to value, with the company struggling to maintain pricing power amidst increased promotional activity.
Convenience Channel Challenges: 5. Weak Performance in Convenience Channel: The convenience channel continues to be a challenge for Utz, with no clear correlation to recent lower gas prices, indicating ongoing difficulties in this segment.
UTZ FAQs
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UTZ Earning Call Sentiment
Utz Brands, Inc. (UTZ) Q3 2024 Earnings Call Transcript
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UTZ.N
-0.89%Positive
The earnings call presents a generally positive outlook for Utz Brands. The company reports revenue growth, improved net income, and strong cash flow, although gross margins have declined slightly. Strategic initiatives, including new product launches and market expansion, suggest continued growth. While there are risks and uncertainties, management's responses in the Q&A indicate confidence in their competitive positioning and growth strategies. The market cap suggests moderate sensitivity, leading to a predicted positive stock price movement of 2% to 8% over the next two weeks.
