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.
Utz Brands, Inc. reported strong retail sales trends for the periods ending October 31 and November 28, 2021. Retail sales increased by 8.7% in the 4-week period ending October 31, and 7.7% in the 12-week period compared to the previous year. For the November period, sales soared 10.9% and 9.7% respectively. The report aims to correct previous underreporting of sales data attributed to missing new items. This positive trend indicates robust consumer demand for Utz's snack products.
Utz Brands, Inc. (NYSE: UTZ) has acquired RW Garcia Holdings, LLC for $56 million, funded through cash and credit facilities. This acquisition is expected to enhance Utz's market position and contribute positively to earnings from fiscal 2022 onward. RW Garcia specializes in high-quality, organic tortilla chips and snacks, aligning with Utz's portfolio. The addition of RW Garcia also strengthens Utz's production capabilities across the U.S., benefitting from RW Garcia's facilities in Nevada and North Carolina.
Utz Brands, Inc. (NYSE: UTZ) reported fiscal Q3 2021 results with net sales of $312.7 million, a 26.1% increase year-over-year. Strong retail sales growth was driven by Power Brands, which accounted for 87% of total sales. Adjusted net income rose 40.7% to $25.6 million, despite higher commodity and labor inflation affecting margins. The company anticipates continued inflation challenges but remains confident in long-term growth strategies. Utz expects modest organic sales growth for fiscal 2021, reaffirming its Adjusted Earnings Per Share guidance of $0.55 – $0.60.
Utz Brands, Inc. (NYSE: UTZ) announces the appointment of Chad Whyte as Senior VP of Supply Chain Planning and Logistics, effective January 3, 2022. With 25 years of supply chain experience, Whyte aims to enhance the company's supply chain network and productivity in response to increased consumer demand.
His previous role as President of Aloe Group involved collaboration with Utz on supply chain initiatives. Brian Greth transitions to SVP of Enterprise Integration, focusing on M&A integration.
Utz Brands, Inc. (NYSE: UTZ) has announced a definitive agreement to acquire R.W. Garcia Holdings, LLC for
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Utz Brands, Inc. (NYSE: UTZ) has announced it will report its Q3 2021 financial results on November 11, 2021, prior to market opening. A conference call will be held at 8:30 a.m. Eastern Time to discuss these results. Investors can access the live webcast and subsequent replay on the company’s Investor Relations website.
Utz specializes in a wide range of branded salty snacks, and operates 15 facilities across the U.S. with a commitment to high-quality ingredients.
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Utz Brands, Inc. (NYSE:UTZ) has declared a quarterly cash dividend of
Utz Brands, Inc. (NYSE: UTZ), a leading U.S. salty snacks manufacturer, will present at the Barclays Global Consumer Staples Conference on September 10, 2021, at 9:20 a.m. ET. CEO Dylan Lissette and CFO Cary Devore will engage in a discussion with Barclays analyst Andrew Lazar. The live presentation can be accessed on Utz's Investor Relations website, with a replay available for 90 days. Utz offers a wide range of popular snack brands and operates fifteen facilities across multiple states, fostering a strong commitment to quality ingredients and consumer satisfaction.
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