Utz Brands (UTZ) Reports Acquisition of Festida Foods
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Utz Brands (UTZ) Misses Q1 EPS by 1c, Revenues Miss
May 13, 2021 6:32 AM EDTUtz Brands (NYSE: UTZ) reported Q1 EPS of $0.13, $0.01 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $269.2 million versus the consensus estimate of $274.87 million.
In the first quarter, we continued to execute against our value creation strategies to position the Company for long-term success, said Dylan Lissette, Chief Executive Officer of Utz. Even as we lapped significant out-performance versus the category in the early weeks of the COVID-19 pandemic last year, we are pleased with our Power Brands sales momentum and the continued growth in our Emerging and Expansion geographies. In... More
