Snack food company Utz Brands (NYSE:UTZ) will be reporting earnings this Thursday before market hours. Here’s what to expect.
Utz beat analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $352.1 million, up 1.6% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ adjusted operating income estimates.
Is Utz a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Utz’s revenue to grow 1.7% year on year to $362.3 million, a reversal from the 1.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.18 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Utz has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Utz’s peers in the shelf-stable food segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Lamb Weston delivered year-on-year revenue growth of 4%, beating analysts’ expectations by 5.7%, and Mondelez reported revenues up 7.7%, topping estimates by 1.5%. Lamb Weston traded up 19.3% following the results.
Read our full analysis of Lamb Weston’s results here and Mondelez’s results here.
There has been positive sentiment among investors in the shelf-stable food segment, with share prices up 3.6% on average over the last month. Utz is up 15.3% during the same time and is heading into earnings with an average analyst price target of $17.30 (compared to the current share price of $14.47).
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