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BUZZ-Utz hits worst day on record after snacks maker forecasts drop in annual profit

Reuters
Feb 12
BUZZ-Utz hits worst day on record after snacks maker forecasts drop in annual profit

** Shares of potato-chips and pretzels maker Utz Brands UTZ.N down as much as 19% at $9.02 - lowest on record

** Co expects fiscal 2026 adjusted earnings per share to decline, driven primarily by higher depreciation and amortization of about $13 million

** Expects annual adjusted EPS to decline in the range of 3% to 6%, compared with a 6.5% rise reported in 2025; analysts expected a 9.5% rise, as per data compiled by LSEG

** If losses hold, stock set for worst day on record

** Reports Q4 sales of $342.2 million vs estimates of $343.4 million

** Logs quarterly adj profit of 26 cents per share in line with analysts' estimates

** Stock fell nearly 34% in 2025

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))

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