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.
Synopsis
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Utz Brands: Network Optimization Strategy Making Good Progress