Utz Brands (NYSE:UTZ) reported its Q1 earnings results on Thursday, May 11, 2023 at 06:30 AM.
Here’s what investors need to know about the announcement.
Earnings
Utz Brands beat estimated earnings by 10.0%, reporting an EPS of $0.11 versus an estimate of $0.1.
Revenue was up $10.67 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 1.78% drop in the share price the next day.
Here’s a look at Utz Brands’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.12 | 0.14 | 0.16 | 0.09 |
| EPS Actual | 0.15 | 0.16 | 0.13 | 0.11 |
| Revenue Estimate | 336.76M | 341.78M | 334.09M | 311.08M |
| Revenue Actual | 354.67M | 362.82M | 350.15M | 340.77M |
To track all earnings releases for Utz Brands visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
