Utz Stock Slips as Pretzel Maker Drops Sales Expectations
UTZUtz Brands(UTZ) Investopedia·2024-09-06 02:42

Key TakeawaysUtz lowered its organic net sales growth projection to between 2% and 2.5%.The chip and pretzel company said it expects consumers to be more value-conscious in the back half of 2024, creating a more competitive promotional environment.Utz's adjusted EPS projection remained unchanged, and near the Street's consensus. Utz Brands (UTZ) shares fell after the snack manufacturer dropped its full-year guidance. The company, known for its namesake chips along with a range of other chip and pretzel bran ...