Utz Brands: Q1 Earnings Snapshot
HANOVER, Pa. (AP) _ Utz Brands, Inc. (UTZ) on Thursday reported a loss of $17.6 million in its first quarter.
On a per-share basis, the Hanover, Pennsylvania-based company said it had a loss of 22 cents. Earnings, adjusted for non-recurring costs, came to 11 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The company posted revenue of $340.8 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $309.1 million.