Utz Brands (NYSE:UTZ) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$365.5m (down 1.7% from 3Q 2023).
• Net loss: US$2.20m (down by 114% from US$16.0m profit in 3Q 2023).
• US$0.027 loss per share (down from US$0.20 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Utz Brands EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Food industry in the US.

The company's shares are up 4.6% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Utz Brands' balance sheet health.

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