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Utz Brands Q3 sales miss estimates on inflation, weaker demand

By Reuters News


Overview

  • U.S. salty snack maker's Q3 sales fell 2.3%, missing analyst expectations

  • Adjusted EPS for Q3 dropped 56.5% and missed analyst expectations

  • Company cites inflation and weaker consumer demand for lower Q3 results


Outlook

  • Company will not provide further updates to 2026 guidance due to pending take private deal

  • Company expects take private transaction to close in Q4 2026


Result Drivers

  • LOWER VOLUMES - Co said Q3 organic net sales fell due to a 5.2% decline in volume/mix, partly offset by higher prices

  • SUPPLY CHAIN INFLATION - Co said significant supply chain cost inflation and channel mix contributed to lower adjusted gross profit margin

  • TRANSACTION COSTS - Higher SG&A expenses in Q3 were primarily due to costs related to the pending take private transaction


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Miss

$369.20 mln

$384.60 mln (5 Analysts)

Q3 Adjusted EPS

Miss

$0.10

$0.23 (6 Analysts)

Q3 Adjusted Net Income

$14.20 mln

Q3 Adjusted EBITDA

$42 mln

Q3 Adjusted EBITDA Margin

11.40%

Q3 Adjusted Gross Margin

27.20%

Q3 Gross Profit

$77.60 mln


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  • Nov 4 - Canada's Maple Leaf Foods misses Q3 revenue estimates; backs FY rev view


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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