11:24 AM EDT, 05/02/2024 (MT Newswires) -- Utz Brands ( UTZ ) shares were up 7.5% in recent Thursday trading after it reported Q1 adjusted earnings of $0.14 per diluted share, up from $0.11 a year earlier.

Analysts polled by Capital IQ expected $0.13.

Net sales for the quarter ended March 31 were $346.5 million, down from $351.4 million a year earlier.

Analysts surveyed by Capital IQ expected $346.8 million.

For full-year 2024, the company said it now expects adjusted EPS to grow 23% to 28%, up from its previous guidance of 16% to 21%. Utz Brands ( UTZ ) continues to expect organic net sales to rise by roughly 3%.

Price: 19.49, Change: +1.36, Percent Change: +7.50