Snack maker Utz Brands falls after CFO change

ReutersApr 17, 2025 2:06 PM

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Shares of potato-chip maker Utz Brands UTZ.N down 2.4% at $13.24

UTZ names William J. Kelley Jr as Chief Financial Officer, replacing Ajay Kataria, effective May 31

Kelley most recently served as Global CFO at Tropicana Brands Group

Co expects Q1 net sales to increase 1.5% to 1.7% from a year earlier

Sees Q1 adj EPS between $0.14 and $0.16

Reaffirms FY 2025 outlook

As of last close, stock down ~13% YTD

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