Utz Brands, Inc. (UTZ), a snack food company, Thursday announced a turn-around to profit in fourth quarter, compared to loss last year.
For the fourth quarter, net income was $2.12 million, compared to loss of $33.21 million last year.
Earings per share were $0.03 versus loss of $0.34 the previous year.
On the adjusted basis, net income increased 41 percent to $32.4 million from $22.9 million the previous year.
Adjusted earnings per share were $0.22 versus $0.16 in the previous year.
Analysts, on average, had expected the company to earn $0.19 per share. Analysts' estimates typically exclude special items.
For fiscal year 2025, the company expects low single-digit growth in organic net sales.
Adjusted EBITDA is projected to increase by 6% to 10%, while adjusted earnings per share are expected to grow by 10% to 15%.
In the pre-market trading, Utz Brands is 2.08% higher at $13.75 on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.