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. reports news as a U.S. manufacturer of branded salty snacks sold through grocery, mass merchandiser, club, convenience, drug and other retail channels. Its portfolio includes Utz, On The Border Chips & Dips, Zapp’s and Boulder Canyon, with products such as potato chips, tortilla chips, pretzels, cheese snacks, party mixes, pork skins, popcorn, salsa and dips.
Company updates commonly cover quarterly results, guidance, cash flow, leverage, dividends and share repurchase activity. Other recurring developments include product launches across core snack brands, marketing and industry conference presentations, distribution and manufacturing updates, and food-safety actions such as voluntary recalls handled through Utz Quality Foods.
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.
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.