Utz Brands, Inc. reports news as a U.S. manufacturer of branded salty snacks sold through grocery, mass merchandiser, club, convenience, drug and other retail channels. Its portfolio includes Utz, On The Border Chips & Dips, Zapp’s and Boulder Canyon, with products such as potato chips, tortilla chips, pretzels, cheese snacks, party mixes, pork skins, popcorn, salsa and dips.
Company updates commonly cover quarterly results, guidance, cash flow, leverage, dividends and share repurchase activity. Other recurring developments include product launches across core snack brands, marketing and industry conference presentations, distribution and manufacturing updates, and food-safety actions such as voluntary recalls handled through Utz Quality Foods.
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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.