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Utz Brands, Inc. - UTZ STOCK NEWS

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. (symbol: UTZ) is a renowned name in the snack food industry, with a rich history dating back to its founding in 1921. Headquartered in Hanover, PA, Utz Brands is privately-owned and family-managed, producing a broad range of snack products that cater to diverse tastes.

The company’s extensive product lineup includes potato chips, pretzels, cheese snacks, corn products, and popcorn, distributed under various popular brands such as Utz, Zapp's, Golden Flake, Boulder Canyon, Hawaiian, TORTIYAHS! and more. These products are widely available through national and international channels, including grocery stores, mass merchants, club stores, convenience stores, and drug stores.

Utz Brands boasts multiple manufacturing facilities to support its vast production needs. The main hub is in Hanover, with additional facilities in Louisiana, Massachusetts, and Wilkes-Barre, PA. This wide network ensures a steady supply of fresh and delicious snacks to consumers across the globe.

Recently, Utz has made significant strides in expanding its market reach and improving product quality. The company has formed strategic partnerships and launched several initiatives to enhance its brand presence and customer satisfaction. Financially, Utz Brands has demonstrated solid performance, with a focus on sustainable growth and innovation.

Utz’s commitment to quality and customer satisfaction has solidified its position as a leader in the snack food industry. For more information about Utz or its products, visit www.utzsnacks.com or call 1-800-FOR-SNAX.

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Utz Brands, Inc. (NYSE: UTZ) reported strong Q2 2024 results, raising its FY'24 Adjusted Earnings Per Share outlook. Key highlights include:

- Net Sales of $356.2 million
- Organic Net Sales increased 1.6%
- Gross Profit Margin expansion of 260bps
- Net Income of $25.4 million
- Adjusted EBITDA increased 10.0% to $49.7 million
- Earnings per share of $0.23
- Adjusted Earnings per share increased 46.2% to $0.19

The company gained market share in the Salty Snack category for the third consecutive quarter. Utz revised its FY 2024 Organic Net Sales growth outlook to ~3% and raised its Adjusted Earnings per Share growth outlook to 28%-32%. The company expects strong volume growth in the second half of the year, driven by increased marketing investments and product innovation.

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Utz Brands, Inc. (NYSE: UTZ), a leading U.S. manufacturer of branded salty snacks, has announced its plan to report second quarter 2024 financial results on Thursday, August 1, 2024. The company will release a press release, pre-recorded management remarks, and a slide presentation at 6:30 a.m. Eastern Time. This will be followed by a live webcast question and answer session with analysts at 8:00 a.m. Eastern Time. Investors and interested parties can access these materials and the webcast through the 'Events & Presentations' section of Utz's Investor Relations website at https://investors.utzsnacks.com.

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Utz Brands, a leading U.S. manufacturer of branded salty snacks, announced a quarterly cash dividend of approximately $0.059 per share on its Class A Common Stock. The payment will be made on July 3, 2024, to shareholders recorded by June 17, 2024. The dividend includes an additional cash distribution totaling around $1.7 million, or approximately $0.0210 per share, funded from excess tax distributions. Future dividends will depend on the company's operations, financial health, and other relevant factors as determined by the Board of Directors. Utz may also declare additional dividends from excess tax distributions in future quarters.

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Utz Brands, Inc. (NYSE: UTZ) will present at the Goldman Sachs Global Staples Forum on May 14, 2024. The leading U.S. salty snacks manufacturer will webcast the presentation at 11:40 a.m. ET. The event can be accessed by media and investors through the provided link.

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Utz Brands, Inc. will showcase new and best-selling products at the Sweets & Snacks Expo, featuring brands like Utz, Zapp’s, Boulder Canyon, and On The Border. The Expo will highlight innovative flavors and fan favorites, including spicier options across the portfolio. Utz continues to offer quality snacks with new twists on classic favorites, maintaining consumer appeal and crunchy textures.

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Utz has partnered with Mike's Hot Honey to launch Utz Mike's Hot Honey EXTRA HOT potato chips, a -time triple heat version of the original chips. Available now through September, these gluten-free and kosher-certified chips come in two sizes and aim to cater to the growing demand for hot and spicy snacks. The partnership between Utz and Mike's Hot Honey has been successful, leading to the release of new products like Utz Mixed Mini pretzels in the same flavor.

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Utz Brands, Inc. (NYSE: UTZ) reported strong financial results for the fiscal first quarter ended March 31, 2024, with net sales of $346.5 million, an increase in organic net sales, gross profit margin expansion, and adjusted EBITDA growth. The company reported a net income of $2.4 million compared to a net loss of $(14.5) million in the prior year period. The recent disposition of manufacturing facilities and repricing of a term loan further improved the company's financial position.

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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, 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® 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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FAQ

What is the current stock price of Utz Brands (UTZ)?

The current stock price of Utz Brands (UTZ) is $17.52 as of October 15, 2024.

What is the market cap of Utz Brands (UTZ)?

The market cap of Utz Brands (UTZ) is approximately 1.5B.

What does Utz Brands, Inc. specialize in?

Utz Brands, Inc. specializes in manufacturing and marketing a diverse range of snack foods including potato chips, pretzels, cheese snacks, corn products, and popcorn.

Where is Utz Brands, Inc. headquartered?

Utz Brands, Inc. is headquartered in Hanover, PA.

What are some of the popular brands under Utz?

Popular brands under Utz include Utz, Zapp's, Golden Flake, Boulder Canyon, Hawaiian, and TORTIYAHS!

Where can I buy Utz products?

Utz products are distributed nationally and internationally through grocery stores, mass merchants, club stores, convenience stores, and drug stores.

How many manufacturing facilities does Utz have?

Utz has multiple manufacturing facilities including four in Hanover, PA, and additional ones in Louisiana, Massachusetts, and Wilkes-Barre, PA.

When was Utz Brands, Inc. founded?

Utz Brands, Inc. was founded in 1921.

Is Utz Brands a publicly traded company?

Yes, Utz Brands, Inc. is a publicly traded company with the symbol UTZ.

What are some of the products offered by Utz?

Utz offers a variety of snacks including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, and pub/party mixes.

How does Utz ensure the quality of its products?

Utz ensures the quality of its products through rigorous quality control processes in its multiple manufacturing facilities.

Where can I find more information about Utz Brands, Inc.?

For more information about Utz Brands, Inc. and its products, visit www.utzsnacks.com or call 1-800-FOR-SNAX.

Utz Brands, Inc.

NYSE:UTZ

UTZ Rankings

UTZ Stock Data

1.46B
82.53M
17.18%
92.82%
6.7%
Packaged Foods
Miscellaneous Food Preparations & Kindred Products
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United States of America
HANOVER