Utz Brands Reports Strong Third Quarter 2020 Financial Results
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Utz Brands (UTZ) Reports Q3 Revenues Beat
November 5, 2020 6:37 AM ESTUtz Brands (NYSE: UTZ) reported Q3 EPS of $, versus $0.11 reported last year. Revenue for the quarter came in at $248 million versus the consensus estimate of $246.11 million.
Third Quarter 2020 Financial Highlights Compared to Prior Year Period
Net sales of $248.0 million, an increase of 24.2% over the prior year periodGross Profit of $86.2 million, an increase of $16.4 million or 23.5% over the prior year period. Adjusted Gross Profit of $99.2 million, an increase of $25.6 million or 34.8% over the prior year period. Adjusted Gross Profit Margin improved to 40.0% from 36.9% in the prior yearNet loss of $7.3... More