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) delivers authentic snack experiences through its portfolio of iconic salty snack brands. This news hub provides investors and industry followers with direct access to the company's official announcements and market-moving developments.
Track UTZ's financial performance, operational milestones, and strategic initiatives through verified press releases and curated news analysis. Our aggregation includes earnings reports, product innovation announcements, manufacturing expansions, leadership updates, and sustainability efforts relevant to the snack foods sector.
Key areas of coverage include quarterly financial disclosures, retail partnership developments, supply chain enhancements, and brand portfolio updates. This resource eliminates the need to monitor multiple sources by providing organized, chronological access to UTZ's corporate communications.
Bookmark this page for efficient tracking of UTZ's market position through primary source materials. Check regularly for updates on operational developments that may impact investment research or industry analysis within the competitive consumer packaged goods landscape.
Utz Brands (NYSE: UTZ) has announced a quarterly dividend distribution consisting of two components. The Board of Directors declared a regular quarterly cash dividend of $0.061 per share on Class A Common Stock, plus an additional cash dividend of $0.011 per share. The total dividend will be paid on April 24, 2025, to stockholders of record as of April 7, 2025.
The additional dividend of approximately $0.95 million will be funded from tax distributions from Utz Brands Holdings exceeding the company's corporate tax obligations. Future dividend declarations remain subject to Board discretion based on operational results, financial condition, and other relevant factors.
Utz has expanded its Mixed Minis Pretzel line with a new Sour Cream & Onion flavor, inspired by one of their best-selling potato chip varieties. The product features bite-sized pretzels in three shapes: Twists, Rings, and Waffles, available in 12-ounce packages.
The Mixed Minis Pretzel line, launched in February 2024, now includes three flavors: the new Sour Cream & Onion, Garlic Butter, and Mike's Hot Honey. Additionally, Utz has introduced Mini Twists Pretzels in a new 16-ounce size format.
Zapp's, a subsidiary of Utz Brands Inc., announces the launch of its new Big Cheezy Sinfully-Seasoned® Pretzel Stix during New Orleans' Mardi Gras season. The new product features a blend of cheddar cheese flavor and Cajun seasoning, joining the existing Sinfully-Seasoned Pretzel Stix lineup that includes Voodoo®, Jazzy Honey Mustard, Sweet Cinnamon & Sugar, and Spicy Cajun varieties.
The product will be available in 1.5-ounce and 16-ounce bags. To celebrate the launch, Zapp's organized exclusive Tastemaker Tours in New Orleans, offering winners experiences including local bakery visits, Mardi Gras parade participation, and tours of the New Orleans Jazz Museum and St. Louis Cemetery. Special guests Chanen and Juwan Johnson and Kool-Aid McKinstry made surprise appearances during the tours.
Utz Brands (NYSE: UTZ), a leading U.S. manufacturer of branded Salty Snacks, has announced its upcoming presentation at the Bank of America Consumer and Retail Conference. The event will take place in Miami Beach, FL, on March 11, 2025, at 1:50 p.m. ET.
Investors and interested parties can access the live webcast through the 'Events & Presentations' section on the company's investor relations website at https://investors.utzsnacks.com/. A replay of the presentation will remain available online for 90 days following the event.
Boulder Canyon, a subsidiary of Utz Brands, Inc. (NYSE: UTZ), is set to showcase its innovative snack lineup at the Natural Products Expo West 2025 from March 4-7 in Anaheim. The brand will present several new products including:
- Mike's Hot Honey® potato chips launching in April
- New Tortilla Chips made with avocado oil in Sea Salt, Blue Corn, and Lime & Sea Salt varieties, launching in May
- Wavy Chips cooked in avocado oil, available in Sea Salt and Cheddar Sour Cream
The company will also feature bestsellers like Canyon Poppers®, Avocado Oil Hickory Barbeque Kettle Cooked Potato Chips, and various multipack options. Boulder Canyon's products emphasize better-for-you snacking, utilizing avocado oil and non-GMO ingredients.
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.
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