Utz Brands Inc - Ordinary Shares - Class A

NYSE:UTZ   3:59:50 PM EDT
-0.46 (-1.94%)
Other Pre-Announcement

UTZ Brands Reports Q4 2020 Financial Results

Published: 03/18/2021 10:52 GMT
Utz Brands Inc - Ordinary Shares - Class A (UTZ) - Sees FY 2021 Adjusted Earnings per Share $0.70 to $0.75 Excluding Items.
Q4 Sales $246.3 Million Versus Refinitiv Ibes Estimate of $243 Million.
Productivity Efforts Are On-target and Set to Double to 2% of Cogs in 2021.
Remain on Track to Ramp Up to Previously Stated Productivity Goals of 3-4% of Cogs by 2023.
Implementing Pricing Initiatives to Help Offset Expected Commodity Inflation of Approximately 4%.
Sees FY Net Sales Consistent With 2020 Pro Forma Net Sales of $1.16b.
FY2021 Earnings per Share View $0.60, Revenue View $1.15 Billion -- Refinitiv Ibes Data (analyst estimates).
For Successor Period of 14 Weeks Ended January 3, 2021, Loss per Share Was $0.13.