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Utz Brands Inc - UTZ STOCK NEWS

Welcome to our dedicated news page for Utz Brands (Ticker: UTZ), a resource for investors and traders seeking the latest updates and insights on Utz Brands.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Utz Brands's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Utz Brands's position in the market.

News
Utz Brands Announces Continued Acceleration of Supply Chain Transformation Strategy and Completes Term Loan Repricing
Rhea-AI Summary
Utz Brands announced the sale of two manufacturing facilities to Our Home, generating $18.5 million in cash proceeds. The net cash will be used to reduce long-term debt and strengthen the balance sheet. The completion of the $630 million Term Loan repricing resulted in a lower interest rate. Our Home will offer employment to Utz associates during the transition period. The transactions are expected to close on April 22, 2024, with financial benefits including debt reduction and cash addition.
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Utz Brands to Report First Quarter 2024 Financial Results on May 2, 2024
Rhea-AI Summary
Utz Brands, Inc. (UTZ) will release its first quarter 2024 financial results on May 2, 2024, followed by a conference call and webcast. The leading U.S. manufacturer of salty snacks invites investors to join the discussion with the executive management team.
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Zapp’s Encourages Everyone to ‘Bounce to the Flavor’ in New Campaign, Celebrating the Snack Company’s New Orleans Roots
Rhea-AI Summary
Zapp’s® launches a new advertising campaign in partnership with The Sasha Group celebrating bold flavors and New Orleans heritage. The campaign features Bounce music, a brand anthem by Mannie Fresh, and vibrant campaign videos showcasing local musicians and dancers. Utz Brands, Inc. Senior Vice President of Marketing Stacey Schultz emphasizes the brand's focus on unique flavors and culinary uniqueness of New Orleans. Fans can engage with the campaign on social media platforms. Zapp’s offers a variety of kettle-style potato chips and Pretzel Stix in traditional and New Orleans-style flavors.
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-0.8%
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Utz Brands, Inc. Increases Quarterly Cash Dividend
Rhea-AI Summary
Utz Brands, Inc. (UTZ) announces a dividend increase from $0.228 to $0.236 per share. The Board of Directors approved a quarterly cash dividend of approximately $0.059 per share on the Company's Class A Common Stock. Payment is scheduled for May 2, 2024. The dividend will be funded by cash distributions from Utz Brands Holdings, Future dividends will depend on the Board's discretion and company performance.
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0.92%
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Utz Brands Showcases Better-For-You Portfolio at Natural Products Expo West
Rhea-AI Summary
Utz Brands, Inc. introduces new Canyon Poppers puffed snack line under Boulder Canyon brand at Natural Products Expo West. The snacks feature rich flavors, are made with avocado oil, gluten-free, and Non-GMO Project Verified. The launch includes Aged White Cheddar and Jalapeño Ranch flavors, expanding the brand's portfolio beyond chips.
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0.22%
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Utz Brands, Inc. to Webcast Presentation at the BofA Securities 2024 Consumer & Retail Conference on March 12
Rhea-AI Summary
Utz Brands, Inc. (NYSE: UTZ) to present at the BofA Securities 2024 Consumer & Retail Conference in Miami, FL. The presentation is scheduled for March 12, 2024, at 11:20 a.m. ET. Interested parties can access the live audio webcast on the company's investor relations website.
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-0.51%
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conferences
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Utz Brands Reports Fourth Quarter and Full-Year 2023 Results
Rhea-AI Summary
Utz Brands, Inc. reported financial results for Q4 and FY 2023, with net sales down in Q4 but up for the year. Adjusted EBITDA increased, while net loss widened. The company completed dispositions to pay down debt and reduce leverage. The CEO highlighted progress in building Utz as a pure-play U.S. snacking company.
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-3.54%
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Utz Unveils New Mixed Minis Pretzels
Rhea-AI Summary
Utz introduces new bite-sized shaped pretzels with three mouthwatering flavors - Sea Salt, Garlic Butter, and Mike's Hot Honey. Available in twists, rings, and waffles, these Utz Mixed Minis Pretzels promise a fresh, crunchy, and flavorful snacking experience. The product is available in 4-ounce and 12-ounce sizes for on-the-go or take-home options, catering to both loyal fans and potential new customers.
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-1.65%
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Utz Brands Announces Acceleration of Supply Chain Transformation and Brand Portfolio Strategy
Rhea-AI Summary
Utz Brands, Inc. announced the sale of certain assets and brands to Our Home, including Good Health® and R.W. Garcia® brands, for $182.5 million. The company plans to use the proceeds to reduce long-term debt and accelerate deleveraging. Our Home will offer employment to Utz associates as part of the transition. Utz also provided preliminary fiscal-year 2023 net sales results and narrowed its Adj. EBITDA outlook range.
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0.4%
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Utz Quality Foods Issues Allergy Alert on Undeclared Milk in Utz® Wavy Original Potato Chips in Metro New York Area
Rhea-AI Summary
Utz Quality Foods, LLC. issues a voluntary recall for 88 cases of Utz® 2.75 oz. Wavy Original Potato Chips due to an undeclared milk allergen. The recall was initiated after it was discovered that some bags contained seasoned chips instead of plain ones. The affected products were distributed in New York State and primarily within New York City. No illnesses associated with the recall have been reported. Consumers with a milk allergy should not consume the products and can contact Utz Customer Care for a refund.
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Rhea-AI Sentiment
End-of-Day
2.35%
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Stock UTZ logo
Utz Brands Inc

NYSE:UTZ

UTZ Rankings

#2143 Ranked by Market Cap
#3571 Ranked by Stock Gains
#1681 Ranked by Dividends

UTZ Stock Data

1.40B
64.28M
17.59%
93.17%
7.88%
Dog and Cat Food Manufacturing
Manufacturing
Link
US
Hanover

About UTZ

utz quality foods, llc, a privately-owned and family managed company founded in 1921 and based in hanover, pa manufacturers and markets snack foods throughout the united states and internationally. the company produces a full line of snack products including potato chips, pretzels, cheese snacks, corn products and popcorn. utz has four manufacturing facilities in hanover, with additional facilities in louisiana, massachusetts, and wilkes-barre, pa. utz products are distributed nationally through grocery, mass-merchant, club stores, convenience stores, drug stores and other channels under the utz, zapp’s, “dirty”, wachusett, mystic, & california chips brand names. for information about utz or its products, visit www.utzsnacks.com or call 1-800-for-snax.