Utz Brands: Reports Third Quarter 2024 Results

Hanover / PA. (utz) Utz Brands Inc., a leading U.S. manufacturer of branded salty snacks and a small-cap growth and value Staples equity, reported financial results for its fiscal Q3-2024 ended September 30.

«In the third quarter our momentum continued with solid Organic Net Sales growth, our seventh consecutive quarter of Adjusted Ebitda Margin expansion, and Adjusted Earnings Per Share growth of nearly 24 percent,» said CEO Howard Friedman. «We are executing well on our distribution growth opportunities, and we believe our accelerated productivity cost savings will give us the flexibility to expand our margins and increase investments in our brands to support our continued growth. While we continue to expect a more competitive promotional environment in response to consumers seeking value, we will continue to make appropriate adjustments to our activities to meet consumer expectations. We are on track to meet our full-year financial targets, and we look forward to a strong finish to the year.» For additional information please read the Company’s PDF file below (277 KB):