Utz Brands Inc Stock Price, News & Analysis

Utz Brands (NYSE: UTZ) reported its Q4 and full-year 2024 financial results. In Q4, the company achieved net sales of $341.0 million, with flat Organic Net Sales but a 2.9% increase in Branded Salty Snacks. Q4 highlights include a net income of $2.1 million and Adjusted EBITDA growth of 7.5% to $53.1 million.

For full-year 2024, net sales reached $1,409.3 million, with Organic Net Sales growing 1.3% and Branded Salty Snacks up 3.7%. The company reported net income of $30.7 million and Adjusted EBITDA growth of 6.9% to $200.2 million.

Looking ahead to 2025, Utz projects low-single digit Organic Net Sales growth, 6-10% Adjusted EBITDA growth, and 10-15% Adjusted Earnings Per Share growth. The company plans capital expenditures of $90-100 million, focusing on manufacturing network capacity and productivity improvements.

Utz Brands (NYSE: UTZ), a leading U.S. manufacturer of branded salty snacks, has announced plans to report its fourth quarter and full-year 2024 financial results on Thursday, February 20, 2025. The company will release a press release, pre-recorded management remarks, and slide presentation at 6:00 a.m. Eastern Time, followed by a live webcast Q&A session with analysts at 7:15 a.m. Eastern Time. The materials and webcast will be accessible through the 'Events & Presentations' section of Utz's Investor Relations website.

Utz Brands (NYSE: UTZ) has announced a dividend increase, raising its annual dividend from $0.236 to $0.244 per share. The company's Board of Directors has declared a quarterly cash dividend of $0.061 per share on Class A Common Stock, payable on January 2, 2025, to stockholders of record as of December 16, 2024.

The dividend will be funded through cash distributions from Utz Brands Holdings to Utz and other common unit holders on a pro-rata basis. This marks the second dividend increase in 2024, following a previous increase from $0.228 to $0.236 per share in March.

Utz Brands (NYSE: UTZ) has opened the Rice Distribution Center, a new 650,000-square-foot logistics facility in Hanover, Pennsylvania. Named after Michael W. Rice, who recently retired after 50+ years of service, the center will serve as the primary hub for inventory storage and distribution across the United States.

The facility features 73 dock doors and 375 trailer parking spots, utilizing advanced warehouse management systems. It is expected to handle 2.3 million pallets and 1.1 billion pounds of product annually, equivalent to approximately 18 billion snack food servings. A new traffic light will be installed at High Street and Kindig Lane to manage increased traffic flow. Pennsylvania Governor Josh Shapiro is scheduled to attend the ribbon-cutting ceremony on December 5, 2024.

Utz Brands (NYSE: UTZ) has announced its upcoming participation in the Stephens Annual Investment Conference in Nashville, Tennessee. The presentation is scheduled for November 20, 2024, at 9:00 a.m. CT (10:00 a.m. ET). Investors and interested parties can access the live webcast through the 'Events & Presentations' section on Utz's investor relations website. The presentation recording will remain available online for a 90-day period following the event.

Utz Brands reported Q3 2024 financial results with net sales of $365.5 million and organic net sales growth of 1.9%. The company achieved a gross profit margin expansion of 370 basis points to 35.8% and adjusted EBITDA increased 3.6% to $54.0 million. Net income was $0.8 million with adjusted earnings per share growing 23.5% to $0.21. The company's retail sales decreased by 1.3%, primarily impacted by competitive promotional environment in potato chips and softness in convenience store channel. Despite challenges, Utz reaffirmed its fiscal year 2024 outlook, projecting organic net sales growth of 2-2.5% and adjusted EBITDA growth of 5-8%.

Zapp's, a Cajun-inspired brand of kettle-style potato chips and Pretzel Stix, has announced its partnership with Krewe of BOO!, New Orleans' Official Halloween Parade. As the official potato chip partner, Zapp's will participate in three Halloween events on Saturday, Oct. 19:

1. New Orleans Zombie Run: A 2-mile race starting at 9 a.m.
2. Halloween Parade: Beginning at 6:30 p.m., featuring Zapp's iconic vintage fire truck and sample distribution.
3. Monster Mash: An after-party starting at 8 p.m.

Zapp's will showcase its flavors, including Voodoo® and Spicy Cajun Crawtators®. The brand's Halloween-themed products, such as Voodoo Halloween Multipack Sacks, are now available at Target®. Zapp's products can be found in major retailers across the United States and online at utzsnacks.com.

Utz Brands, Inc. (NYSE: UTZ), a leading U.S. manufacturer of branded salty snacks, has announced its plans to report third quarter 2024 financial results on Thursday, October 31, 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.

Utz Brands, Inc. (NYSE: UTZ) is set to showcase its innovative snacks at the 2024 NACS Show in Las Vegas from October 8-10. The company will preview new flavors for its Zapp's and Utz brands, including Zapp's Big Cheezy Sinfully-Seasoned™ Pretzel Stix and Utz Sour Cream & Onion Mixed Minis™ Pretzels, both available in February 2025. These new products build on Utz's century-long tradition of snack innovation.

The company will also sample a variety of snacks from its portfolio, including Boulder Canyon, Hawaiian Brand, Jax, Golden Flake, and TGI Fridays. Utz Brands' Executive VP of Sales, Mark Schreiber, emphasized the company's commitment to evolving and setting new standards in the snacking industry.