Welcome to our dedicated page for Utz Brands news (Ticker: UTZ), a resource for investors and traders seeking the latest updates and insights on Utz Brands stock.
Utz Brands, Inc. (NYSE: UTZ) is a Hanover, Pennsylvania-based manufacturer of branded salty and other savory snacks, with a portfolio that includes Utz, On The Border Chips & Dips, Zapp’s, and Boulder Canyon. This news page compiles company press releases and market updates so readers can follow how Utz communicates its performance, brand activity, and strategic priorities over time.
Recent news coverage features financial results and outlook updates, such as preliminary estimates for quarterly and full-year Net Sales and Adjusted EBITDA, as well as detailed third-quarter earnings reports. These releases often discuss Organic Net Sales, Adjusted EBITDA Margin, Net Leverage Ratio, and branded salty snacks retail sales trends, giving insight into how Utz views its operating performance within the U.S. salty snack category.
Utz news also highlights brand and product developments, including new flavor launches, packaging initiatives, and marketing campaigns. For example, Boulder Canyon communications describe national brand campaigns and collaborations, while other releases outline new snack flavors and ingredient-focused messaging, such as front-of-pack claims and plans to eliminate certified FD&C colors from the product portfolio.
Investors can find announcements about dividends, conference appearances, and webcasts, including fireside chats at investor conferences and scheduled earnings calls. These items explain when management will discuss results and provide slides or pre-recorded remarks. By reviewing this news feed, readers can track Utz’s financial disclosures, brand activity, and investor relations events in one place.
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Utz Brands, Inc. (NYSE: UTZ), a prominent U.S. salty snack manufacturer, will report its first quarter 2023 financial results on May 11, 2023, before the market opens. A conference call and webcast with the executive management team will follow at 8:30 a.m. Eastern Time. Stakeholders can access the live webcast through Utz's Investor Relations website. The company offers a diverse range of snack products under brands such as Utz®, On The Border®, and Golden Flake®. With a rich heritage spanning over a century, Utz remains committed to delivering quality snacks nationwide through various distribution channels. For further details, visit Utz's Investor Relations website.
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Utz Brands, Inc. (NYSE:UTZ) has declared a quarterly cash dividend of approximately $0.057 per share on its Class A Common Stock. This payment will be made on May 4, 2023, to stockholders of record as of April 17, 2023. The cash dividend will be financed through cash distributions from Utz Brands Holdings to Utz and other holders of its common units. Future dividends will depend on the Board's evaluations of the company's operational results and financial condition. Utz Brands manufactures various popular snack brands, showcasing a commitment to quality and consumer satisfaction, with multiple facilities across the U.S.
Utz Brands reported financial results for Q4 and FY 2022. Q4 net sales rose 17.9% to $354.7 million, primarily driven by a 15.9% increase in organic sales. Gross profit margin improved to 32.5% from 30.1% year-over-year, with adjusted gross profit margin at 36.6%. The company achieved a net income of $13.8 million, rebounding from a loss of $(16.2 million) in the prior year. FY 2022 net sales increased 19.3% to $1.4 billion, but net loss was $(14 million) compared to $8 million in FY 2021. For FY 2023, Utz anticipates organic net sales growth of 4% to 6%.
Utz Brands, Inc. (NYSE: UTZ), a leading U.S. manufacturer of branded salty snacks, will report its fourth quarter and full year 2022 financial results on March 2, 2023, before market open. A conference call and webcast with the executive management team will take place at 8:30 a.m. Eastern Time to discuss these results. Investors can access the live webcast and presentation through Utz's Investor Relations website. Utz offers a diverse portfolio of snacks, including brands like Utz®, On The Border®, and Zapp’s®. The company is based in Hanover, Pennsylvania, and has multiple manufacturing facilities across the U.S.
Utz Brands, Inc. (NYSE: UTZ) has announced an annual dividend increase from
Utz Brands, Inc. (NYSE: UTZ) reported a 16.0% increase in net sales to $362.8 million for 3Q'22, driven by 12.6% organic growth. Despite this, GAAP net income fell to $1.5 million from $31.4 million in the prior year, primarily due to a loss on warrant liability. Adjusted EBITDA rose 6.5% to $47.7 million. The company raised its full-year sales outlook to 17-19% growth, benefiting from inflation-justified pricing actions. The effective tax rate is projected at 20%, with net leverage remaining at 5.0x.