- Utz Brands press release ( NYSE: UTZ ): Q2 Non-GAAP EPS of $0.13 beats by $0.01 .
- Revenue of $350.1M (+17.5% Y/Y) beats by $14.71M .
- Adjusted EBITDA increased 18.2% year-over-year to $42.2M.
- For fiscal 2022, the Company is raising its total net sales growth outlook from 10-13% to 13-15%, and its Organic Net Sales growth outlook from 8-10% to 10-12% vs. estimated growth of 13.29% Y/Y.
- The company is increasing its fiscal 2022 Adjusted EBITDA outlook from modest growth to 2-5% growth.
- Finally, the company continues to expect an effective tax rate of approximately 20% and net leverage at year-end fiscal 2022 to be consistent with year-end fiscal 2021.
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Utz Brands reports Q2 earnings beat; raises its FY2022 net sales & adjusted EBITDA outlook