Growth opportunities and accelerated productivity headlined the most recent report from Utz Brands. Last week, the supplier released its financial results for the fiscal third quarter ended September 29, 2024, reporting net sales of $365.5 million.
“In the third quarter, our momentum continued with solid Organic Net Sales growth, our seventh consecutive quarter of Adjusted EBITDA Margin expansion, and Adjusted Earnings Per Share growth of nearly 24 percent,” said Howard Friedman, Chief Executive Officer. “We are executing well on our distribution growth opportunities, and we believe our accelerated productivity cost savings will give us the flexibility to expand our margins and increase investments in our brands to support our continued growth.”
According to a press release, additional highlights from the report include:
“While we continue to expect a more competitive promotional environment in response to consumers seeking value, we will continue to make appropriate adjustments to our activities to meet consumer expectations,” Friedman added. “We are on track to meet our full-year financial targets, and we look forward to a strong finish to the year.”
For more from the press release, click here.
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