10:54 AM EDT, 08/01/2024 (MT Newswires) -- Utz Brands ( UTZ ) shares were up nearly 5% in recent Thursday trading after the company posted higher Q2 adjusted earnings and raised its 2024 EPS outlook.

The company reported Q2 adjusted earnings of $0.19 per share, up from $0.13 a year earlier.

Analysts polled by Capital IQ expected $0.16.

Net sales for the quarter that ended June 30 were $356.2 million, down from $362.9 million a year earlier.

Analysts polled by Capital IQ expected $356.2 million.

The company raised its full-year adjusted EPS growth outlook to between 28% and 32% from the previous range of 23% to 28%. Analysts polled by Capital IQ expect $0.71.

Price: 15.54, Change: +0.70, Percent Change: +4.72