Utz Brands Inc (UTZ) said before open Thursday that it earned $0.13 per share in quarter two 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $350.1 million, beating estimates by $16.1 million.
In the same quarter a year ago, the company earned $0.13 per share on revenue of $297.9 million.
The stock is up 3.02% to $18.75 after the report.
Wall Street Analysts had an average rating of Buy on the stock prior to the report.
Trading in the five days leading up to the report earned Utz Brands Inc a Bullish Sentiment Rank from InvestorsObserver.
Utz Brands Inc has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 92, putting Utz Brands Inc in the top 25% of stocks. The firm set a 52-week low on May 11, 2022 at $12.06 and set a 52-week high on August 11, 2021 at $21.74.
Utz Brands Inc is a snack food manufacturing company. It manufactures a diverse portfolio of salty snacks under popular brands including Utz, Zapp's, Golden Flake, Good Health, Boulder Canyon, Hawaiian, TORTIYAHS!, among others. The company's products include potato chips, pretzels, cheese snacks, pork skins, pub/party mixes, and veggie snacks. Its products are distributed nationally and internationally through grocery, mass merchant, club, convenience, drug, and other channels.
News Home
Utz Brands Inc Up 3.02% To $18.75 After Earnings
Mentioned in this article
