Utz Shares Plunge 13.8% Amid Q3 Earnings Disappointment

Utz Brands' Q3 earnings report revealed a 13.8% drop in shares as profitability plummeted to 0.9%, down from 5.3% last year, despite a 3.4% YoY revenue increase and adjusted EPS meeting analyst forecasts. Investors focused on the significant pressure on margins, with operating and gross margins declining by 2.3 percentage points YoY. The stock has fallen 28.3% YTD and is trading 39.7% below its 52-week high.