Utz Brands

UTZ Brands, Inc. manufactures, markets, and distributes branded snacking products. It offers a broad range of salty snacks, including potato chips, pretzels, cheese, veggie, other snacks and pork skins. The firm’s brands include Utz, Zapp’s, Golden Flake, Good Health, Boulder Canyon and Hawaiian. The company was founded in 1921 and is headquartered in Hanover, PA.

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Utz Brands excels in Q4 2022, eyes growth amid challenges

Utz Brands delivered strong Q4 performance with growth in net sales, gross margins, and EBITDA, setting a positive outlook for fiscal 2023.
Strategic investments in key brands and capabilities position the company for future growth despite challenges like inflation and cost pressures.
Opportunities lie in margin expansion through operational efficiencies, distribution expansion, and debt reduction, signaling a proactive growth strategy.

Utz Brands reports strong Q1 performance, eyes growth opportunities

Utz Brands delivered solid Q1 performance with organic net sales growth, expanding margins, and strong brand performance.
The company's focus on power brands and innovation is driving market share gains and positioning for future growth.
Challenges include managing product mix optimization while sustaining sales growth momentum.
Opportunities lie in further expanding power brands, leveraging successful products like Salsa and Queso, and showcasing growth strategies at the upcoming Investor Day.

Utz Brands reports robust Q2 performance, focuses on innovation

Utz Brands showcased strong financial performance and raised outlook for the year.
Focus on brand building, consumer demand, and value creation is driving success.
Challenges in the core market are being addressed through innovation and marketing investments.
Opportunities for growth include expanding market share and driving consumer engagement.

Utz Brands reports solid Q3 growth amidst supply chain challenges

Utz Brands navigated challenges in core growth and supply chain optimization, leading to lower near-term sales outlook. Despite this, the company reported strong financial performance with increased EBITDA margins and a focus on delivering value to consumers.

Utz Brands posts robust Q4 results, eyes growth through innovation

Utz Brands delivered strong Q4 results with growth in adjusted EBITDA and retail sales, driven by pricing adjustments and marketing investments.
Challenges included volume impact from operational issues, but the company remains focused on driving growth through distribution gains and innovation.
Opportunities lie in tracking emerging trends, expanding e-commerce capabilities, and increasing advertising support for brand differentiation and market expansion.
Overall, Utz Brands aims to sustain growth through strategic investments in marketing, distribution, and productivity enhancements.

Utz Brands reports robust Q1 performance, eyes growth opportunities

Utz Brands' strong performance in Q1 2024, with margin expansion and strategic disposals, sets a positive trajectory. Challenges include inflation impacts and discrepancies in reported numbers, but opportunities lie in expansion and enhanced distribution. Continued focus on brand growth and market strategies will be key to sustained success.

Utz Brands anticipates Q4 growth through marketing and innovation

Utz Brands expects Q4 growth through marketing and distribution strategies
Focus on consumer engagement, unique products, and rational expansion
Challenges include competitive impact, promotional balance, and consumer shifts

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I recommend a buy rating for UTZ Brands, as I expect it to benefit from the secular growth in the Snacks industry. The company's multi-brand portfolio approach allows for continuous innovation without diluting each brand. UTZ's expansion strategy through acquisitions positions it for potential share gains as it expands nationwide.

Utz Brands: Secular Tailwind With Share Gains Potential

Utz Brands Inc. UTZ, -0.62% set long-term financial goals on Friday and backed its 2023 guidance in a statement released ahead of an investor day. The salty snacks maker said it still expects sales to growth 2% to 3% in fiscal 2023 and set a goal of 4% to 5% organic sales growth for the period from fiscal 2023 to fiscal 2026.

Utz Brands sees 4% to 5% organics sales growth from FY23 through FY26, backs 2023 guidance

HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, will host its 2023 Investor Day today at the New York Stock Exchange, beginning at 9:30 am ET. “Utz has some of America's favorite snack brands, and over the past several years, we have simplified our portfolio and fundamentally evolved the business through capacity, distribution and capability investments,” said Howard Friedman, Chief Executive Officer of U.

Utz Brands to Introduce Long-Term Growth Strategy at 2023 Investor Day

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HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands appoints Mitch Arends as Executive Vice President, Chief Integrated Supply Chain Officer Source: Utz Brands, Inc.

Utz Brands Appoints Mitchell Arends as Executive Vice President, Chief Integrated Supply Chain Officer and Cary Devore to Executive Vice President, Chief Operating and Transformation Officer

HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ), a leading U.S. manufacturer of branded salty snacks, plans to present at the Stephens Annual Investment Conference in Nashville, TN, on November 15, 2023, at 2:00 p.m. CT or 3:00 p.m. ET. Media and investors may access the live audio webcast at https://investors.utzsnacks.com/. About Utz Brands, Inc. Utz Brands, Inc. (NYSE: UTZ) manufactures a diverse portfolio of savory snacks through popular brands including Utz®, On The Border® Chi.

Utz Brands, Inc. to Webcast Presentation at the Stephens Annual Investment Conference on November 15

HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, today reported financial results for the Company's third fiscal quarter ended October 1, 2023. 3Q'23 Summary: Net sales increased 2.5% year-over-year to $371.9 million Organic Net Sales increased 3.1% year-over-year Net income of $16.2 million vs. net income of $1.5 million in the year-ago period Adjusted EBITDA increased 9.2% year-over-year to $52.1 million.

Utz Brands Reports Third Quarter 2023 Results

Utz Brands (UTZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Utz Brands (UTZ) Reports Next Week: What Awaits?

HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, today announced it plans to report its third quarter 2023 financial results on Thursday, November 9, 2023, before market open. The Company will host a conference call and webcast with members of the executive management team to discuss these results at 8:30 a.m. Eastern Time. Please visit the “Events & Presentations” section of Utz's Investor Relations w.

Utz Brands to Report Third Quarter 2023 Financial Results on November 9, 2023

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HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) and its affiliated entities (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, today announced several network optimization initiatives that are expected to support long-term volume growth and reduce costs. These initiatives are expected to: Simplify the Company's existing plant network and streamline its operating structure by consolidating volume into a smaller number of facilities, which is expected to lo.

Utz Brands, Inc. Announces Network Optimization Initiatives to Support Volume Growth and Reduce Costs

RBC Capital Markets analyst Nik Modi initiated coverage of Utz stock with an Outperform rating and $17 price target.

Snack Stock Utz May Be a Buy, Says Analyst

HANOVER, Pa.--(BUSINESS WIRE)-- #LOVEUTZ--Utz®, a leading U.S. brand of salty snacks, is pleased to reveal the grand prize winner of its Ultimate Utz Fan contest. The contest celebrates the 102-year-old brand's super fans' creativity and passion for Utz snacks. Michael H. from State College, also popularly known as “Mike the Mailman” at Penn State, is the Ultimate Utz Fan! See his entry at Mike the Mailman. From May 1 through July 24, 2023, thousands of Utz snacks fans entered the Ultimate Utz Fan contest.

It's Official – One Lucky Utz Fan Wins Free Utz Snacks for Life!

HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, announced today that Howard Friedman, Chief Executive Officer, and Ajay Kataria, Chief Financial Officer, plan to present at the following investor conferences in September. Barclays Global Consumer Staples Conference September 6, 2023 At 3:00 p.m. EDT the Company will host a fireside chat with Barclays analyst Andrew Lazar, and also participate in one-on-on.

Utz Brands, Inc. To Webcast Presentations at Upcoming Investor Conferences

HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, today announced the release of its 2022 Environmental, Social & Governance (“ESG”) Report. The ESG report, which covers the fiscal year that ended January 1, 2023, highlights the significant strides the Company has made over the past year, building on the momentum from the Company's inaugural report released in 2022. The ESG report also emphasizes Utz's.

Utz Brands Releases 2022 Environmental, Social and Governance (ESG) Report

UTZ Brands has a stable and recession-resilient business model and has the potential to be a future dividend growth stock. The company's Q2 2023 quarterly report shows organic net sales growth and improving margins and is on its way to generating free cash flow in the second half of 2023. There are risks to consider, including high multiples and the high amount of debt on the balance sheet.

UTZ Brands: Still Unattractive Despite The Share Price Drop

Start Time: 08:30 January 1, 0000 9:14 AM ET Utz Brands, Inc. (NYSE:UTZ ) Q2 2023 Earnings Conference Call August 10, 2023, 08:30 AM ET Company Participants Howard Friedman - CEO Ajay Kataria - EVP and CFO Kevin Powers - SVP, IR Conference Call Participants Andrew Lazar - Barclays Rupesh Parikh - Oppenheimer Michael Lavery - Piper Sandler Peter Galbo - Bank of America Jim Salera - Stephens Operator Ladies and gentlemen, thank you for standing by, and welcome to the Utz Brands, Inc. Second Quarter 2023 Earnings Call. I would now like to turn the call over to Kevin Powers, Senior Vice President, Investor Relations.

Utz Brands, Inc. (UTZ) Q2 2023 Earnings Call Transcript

Utz Brands (UTZ) came out with quarterly earnings of $0.13 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.13 per share a year ago.

Utz Brands (UTZ) Matches Q2 Earnings Estimates

HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, today reported financial results for the Company's second fiscal quarter ended July 2, 2023. 2Q'23 Summary: Net sales increased 3.6% year-over-year to $362.9 million Organic Net Sales increased 4.3% year-over-year Net loss of $(8.6) million vs. net income of $2.5 million in the year-ago period Adjusted EBITDA increased 7.1% year-over-year to $45.2 million Ra.

Utz Brands Reports Second Quarter 2023 Results and Raises 2023 Profit Outlook

HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, today announced it plans to report its second quarter 2023 financial results on Thursday, August 10, 2023, before market open. The Company will host a conference call and webcast with members of the executive management team to discuss these results at 8:30 a.m. Eastern Time. Please visit the “Events & Presentations” section of Utz's Investor Relations w.

Utz Brands to Report Second Quarter 2023 Financial Results on August 10, 2023

HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, today announced that Jennifer Bentz has been appointed Executive Vice President, Insights, Innovation, and Marketing Services. Ms. Bentz will oversee all Insights and Analytics, Innovation, and Marketing Services functions, and will further develop the Company' E-commerce and Digital marketing capabilities as it seeks to accelerate its market share opportuni.

Utz Brands Appoints Jen Bentz as Executive Vice President, Insights, Innovation, and Marketing Services

Utz Brands remains on track to deliver on its full-year guidance, with the company's distribution capacity providing opportunities for increased distribution and margin accretion. UTZ's go-to-market strategy of Independent Operators ensures long-term sustainability and reduces pressure on the balance sheet, allowing for potential expansion through the purchase of additional brands. The company's focus on productivity and margin expansion through cost reductions and SKU optimization is expected to drive future growth.

Utz Brands: Distribution Capabilities Should Continue To Drive Growth

Allocating more excess capital to deleveraging should help to lower Utz Brands, Inc. credit risks and its interest expenses. Utz Brands is in a good position to grow its presence in markets outside of its Core Geographies by capitalizing on M&A opportunities. I maintain my Buy rating for Utz Brands, as the company has relevant capital allocation levers to pull as a way of creating value for shareholders.

Utz Brands: Value Creation Opportunities Relating To Capital Allocation

HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, plans to present at the Oppenheimer 23rd Annual Consumer Growth and E-Commerce Virtual Conference on Tuesday, June 13, 2023, at 10:30 a.m. ET. The live webcast can be accessed at the “Events & Presentations” section of Utz's investor relations website at https://investors.utzsnacks.com/. The replay will be archived online for 90 days. About Utz Brands, I.

News for Utz Brands Stock (UTZ)