Overview
- U.S. salty snacks maker's Q2 net sales rose 1.4% yr/yr
- Adjusted EPS for Q2 missed analyst expectations
- Company to be taken private by Intersnack Group in deal expected to close Q4 2026
Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q2 Adjusted EPS | Miss | $0.19 | $0.20 (9 Analysts) |
| Q2 Adjusted Net Income | | $27.10 mln | |
| Q2 Adjusted EBITDA | | $55.70 mln | |
| Q2 Adjusted EBITDA Margin | | 15.00% | |
| Q2 Adjusted Gross Margin | | 33.20% | |
| Q2 Gross Profit | | $96.20 mln | |
Result Drivers
- Price realization - Co said net sales growth was driven by higher prices, partially offset by lower volume/mix
- Branded snacks growth - Branded Salty Snacks organic net sales rose 3.3%, led by Power Four Brands, offset by decline in non-branded items
- Productivity savings - Adjusted gross profit margin expanded due to productivity savings, more than offsetting supply chain cost inflation
Outlook and analyst coverage
UTZ•
