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. (NYSE: UTZ), a prominent U.S. salty snacks manufacturer, announced that CEO Dylan Lissette and CFO Cary Devore will participate in a fireside chat at the Jefferies West Coast Consumer Conference. The event is scheduled for Wednesday, November 18, 2020, at 1:10 p.m. ET. Interested listeners can access the live webcast via Utz’s Investor Relations website, with a replay available for 90 days. Utz is known for its diverse range of snack brands and has nearly a century of heritage in the snack food industry.
Utz Brands reported strong financial results for Q3 2020, with net sales rising 24.2% to $248.0 million. Gross profit increased 23.5% to $86.2 million, while adjusted gross profit surged 34.8% to $99.2 million. However, the company faced a net loss of $7.3 million, mainly due to transaction-related expenses from its Business Combination. Despite challenges, adjusted net income rose to $17.9 million, and adjusted EBITDA grew 39.8% to $38.2 million. Utz also increased its fiscal year guidance, anticipating 10-11% net sales growth for FY 2020.
Utz Brands, Inc. (NYSE: UTZ) will report its third-quarter results for the period ended September 27, 2020, on November 5, 2020, before market open. A conference call with the management team will take place at 8:30 a.m. ET. Investors can access the live webcast through the Investor Relations section of Utz's website. Utz is recognized for its diverse range of savory snacks, including popular brands like Utz®, Golden Flake®, and Zapp’s®. The company is headquartered in Hanover, Pennsylvania, and operates fourteen facilities across multiple states.
BOULDER CANYON, a brand under Utz, introduces its new Thin & Crispy potato chips, cooked in avocado oil and available in Classic Sea Salt and Cheddar Sour Cream flavors. This innovation sets the brand apart in the saturated snack market, as it is a leader in healthier options. The launch reinforces BOULDER CANYON's commitment to providing tasty and better-for-you snacks, with its Avocado Oil Sea Salt Potato Chip recognized as a top-selling SKU in the natural foods channel. The chips are made from premium American-grown potatoes.
Utz Brands, Inc. (NYSE: UTZ) has appointed The Sasha Group as its marketing agency of record to enhance its consumer marketing strategy. This partnership aims to accelerate Utz's transition to a digital-first approach, utilizing consumer-led ideas across various audience segments. Bill Blubaugh, SVP of Marketing at Utz, expressed confidence that The Sasha Group's innovative methods will elevate the brand. The collaboration will be spearheaded by The Sasha Group's Chattanooga office, with campaigns set to launch in November 2020.
Utz Brands has appointed Shannan Redcay as Senior Vice President of Innovation and Value Creation to enhance its innovation strategy as snacking demand increases. Redcay will lead initiatives focused on new product categories and formats, responding to evolving consumer needs. In her new role, she aims to deepen connections with consumers by delivering innovative products tailored to their preferences. This strategic move follows Utz's acquisition of Conagra's H.K. Anderson filled pretzel brand, set to close in November 2020, and reflects the company's commitment to enhancing its product diversity.
Utz, the Official Salty Snack of Major League Baseball, will be the presenting sponsor of the 2020 American League Division Series (ALDS) from October 5-9. This marks Utz's third season partnering with MLB, enhancing their engagement through advertising, promotions, and special snack offerings. The ALDS will feature two best-of-five game series broadcast nationally on TBS. Additionally, Utz is hosting the ALDS Crunch Time Sweepstakes on social media with prizes including MLBshop.com credits and a year's supply of Utz products.
Utz Brands, Inc. (NYSE: UTZ) announced its subsidiary, Utz Quality Foods, LLC, has signed a definitive agreement to acquire certain assets of H.K. Anderson from Conagra Brands, Inc. (NYSE: CAG) for under $10 million. This strategic acquisition aims to enhance Utz's position in the filled pretzel market, valued at approximately $100 million, and is expected to close in November 2020. The move is intended to leverage synergies within Utz's salty snack portfolio and capture growth opportunities in the expanding pretzel segment, which saw a 10% sales increase, reaching $1.4 billion.