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Dec 29, 2024
Utz Q4 2024 Earnings Report
Reported net sales of $341.0 million, organic net sales were flat, and net income of $2.1 million.
Key Takeaways
Utz Brands reported flat organic net sales for Q4 2024, with branded salty snacks increasing by 2.9%. The company's net income was $2.1 million, and adjusted EBITDA increased by 7.5% to $53.1 million. Adjusted earnings per share increased by 37.5% to $0.22.
Net Sales of $341.0 million.
Organic Net Sales were flat; Branded Salty Snacks increased 2.9%.
Gross Profit Margin expansion of 230bps.
Adjusted EBITDA increased 7.5% to $53.1 million.
Revenue by Segment
Forward Guidance
For the fiscal year 2025, the Company expects low-single digit Organic Net Sales growth, 6% to 10% Adjusted EBITDA growth, and 10% to 15% Adjusted Earnings per Share growth.
Positive Outlook
- Organic Net Sales growth of low-single digits led by continued Branded Salty Snacks growth, particularly the Power Four Brands.
- Less decline in Non-Branded & Non-Salty Snacks.
- Adjusted EBITDA growth of 6% to 10%.
- Adjusted EBITDA margin expansion of approximately 100bps, led by Adjusted Gross Margin expansion fueled by strong productivity cost savings and improved product mix.
- Adjusted Earnings per Share growth of 10% to 15% led by increased operating earnings and lower interest expense.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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