snack maker’s stock faces mixed outlook By Investing.com
Utz Brands, Inc. (NYSE:UTZ), a prominent player in the snack food industry, has been navigating a challenging market environment characterized by increased promotional activity and shifting consumer preferences. As the company approaches the end of 2024, analysts are closely monitoring its performance and strategic initiatives to gauge its potential for growth and market share expansion.
Recent Performance and Market Trends
In the third quarter of 2024, Utz Brands demonstrated resilience in the face of industry headwinds. The company reported volume growth in the low single digits (LSD%), which analysts viewed positively given the challenging market conditions. This performance came despite a guide-down during the quarter, suggesting…
