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UTZ - Utz Brands: Network Optimization Strategy Making Good Progress
Utz Brands Inc Class A
2024-06-19 00:25:37 ET
Summary
Utz has shown robust net sales and profitability margins in the past three years. Additionally, its power brands also showed strong retail sales and volume growth in 1Q24.
Its disposals of R.W. Garcia, Good Health, and five manufacturing facilities are expected to reduce its leverage ratio and interest expense, driving margin expansion for UTZ.
In 2023, UTZ's net leverage ratio contracted from 5x in 2022 to 4.6x. Looking ahead, UTZ's net leverage ratio is expected to contract to 3x by FY2025.