Utz Brands Stock Rises as Salty Snacks Sales Drive Profit Higher

Core Insights - Utz Brands (UTZ) shares increased by 6% following the release of better-than-expected profits driven by higher sales of salty snack products [1] - The company reported fourth-quarter adjusted earnings per share (EPS) of $0.22, surpassing analyst expectations, while revenue decreased by 3$341.0 million, falling short of forecasts [1][3] Sales Performance - Organic net sales for Branded Salty Snacks grew by 3%, supported by the firm's Power Four Brands [2] - In contrast, organic net sales for Non-Branded & Non-Salty Snacks declined by 18%, primarily due to reduced demand for Partner Brands and Dips & Salsas [2] Management Commentary - CEO Howard Friedman highlighted strong sales in salty snacks while managing low-margin partner brands and private label products [2] - The company anticipates a full-year adjusted EPS increase of 10% to 15% due to improved operating profit and lower interest expenses [2] Future Outlook - Utz expects organic net sales to rise by a low-single-digit percentage, driven by continued growth in Branded Salty Snacks, particularly the Power Four Brands, and a reduced decline in Non-Branded & Non-Salty Snacks [2][3] - Despite the recent share price increase, Utz Brands has experienced a nearly 25% decline in share value over the past year [2]