Earnings summaries and quarterly performance for Utz Brands.
Executive leadership at Utz Brands.
Howard Friedman
Detailed
Chief Executive Officer
CEO
Chad Whyte
Executive Vice President, Supply Chain
James Sponaugle
Executive Vice President, Chief People Officer
Jennifer Bentz
Executive Vice President, Chief Marketing Officer
Jeremy Stuart
Executive Vice President, Sales and Chief Customer Officer
Mitch Arends
Executive Vice President, Chief Integrated Supply Chain Officer
Shannan Redcay
Executive Vice President, Manufacturing
Theresa Shea
Executive Vice President, General Counsel and Corporate Secretary
William J. Kelley Jr.
Executive Vice President, Chief Financial Officer
Board of directors at Utz Brands.
Antonio Fernandez
Detailed
Director
B. John Lindeman
Detailed
Director
Christina Choi
Detailed
Director
Craig Steeneck
Detailed
Director
Dylan Lissette
Detailed
Chairperson of the Board
Jason Giordano
Detailed
Director
John Altmeyer
Detailed
Director
Pamela Stewart
Detailed
Director
Roger Deromedi
Detailed
Lead Independent Director
Timothy Brown
Detailed
Director
William Werzyn Jr.
Detailed
Director
Research analysts who have asked questions during Utz Brands earnings calls.
Andrew Lazar
Barclays PLC
4 questions for UTZ
Also covers: BGS, BRBR, CAG +15 more
John Baumgartner
Mizuho Securities
4 questions for UTZ
Also covers: BRBR, BYND, GIS +15 more
Michael Lavery
Piper Sandler & Co.
4 questions for UTZ
Also covers: BGS, BYND, CELH +22 more
Peter Galbo
Bank of America
4 questions for UTZ
Also covers: CAG, CL, CPB +23 more
Robert Moskow
TD Cowen
4 questions for UTZ
Also covers: BGS, BRBR, BYND +27 more
James Salera
Stephens Inc.
3 questions for UTZ
Also covers: BRBR, CAKE, CELH +20 more
Brian Holland
D.A. Davidson
2 questions for UTZ
Also covers: BRBR, FRPT, LANC +5 more
Robert Dickerson
Jefferies
2 questions for UTZ
Also covers: BGS, JJSF, K +11 more
Scott Marks
Jefferies
2 questions for UTZ
Also covers: BGS, FLO, GIS +12 more
Erica Eiler
Oppenheimer
1 question for UTZ
Also covers: ACI, DLTR, HRL
Jim Salera
Stephens Inc.
1 question for UTZ
Also covers: BRBR, CAKE, CELH +20 more
Mitchell Pinheiro
Sturdivant & Company
1 question for UTZ
Also covers: CDXC, CVGW, FDP +3 more
Nik Modi
RBC Capital Markets
1 question for UTZ
Also covers: KDP, KMB, KO +6 more
Peter Grom
UBS Group
1 question for UTZ
Also covers: BRBR, CELH, CHD +25 more
Rupesh Parikh
Oppenheimer & Co. Inc.
1 question for UTZ
Also covers: ACI, BJ, CHD +16 more
Recent press releases and 8-K filings for UTZ.
Utz Brands Outlines 2026 Outlook and Strategic Initiatives
UTZ
New Projects/Investments
Guidance Update
Share Buyback
- Utz Brands announced a California expansion with a modest upfront investment of $4 million-$6 million in the first year, primarily for startup costs like vehicles, equipment, and inventory, which is not expected to materially impact cash flow or deleveraging.
- The company reaffirms its 16% margin target for 2026 and aims to achieve leverage below 3x by the end of 2026, with CapEx stepping down to $60 million-$70 million in 2026 from $100 million in 2025.
- Utz expects productivity savings of around 6% of COGS for the current year (2025), transitioning to a longer-term range of 3%-4% of COGS in 2026, supported by the consolidation of plants from 15 to 7 by early 2026.
- The company has outperformed the Salty Snacks category for nine consecutive quarters, driven by market share gains in both core and expansion markets, and increased marketing support, with a focus on its power four brands.
Nov 18, 2025, 4:00 PM
Utz Brands Discusses California Expansion, Margin Targets, and Capital Allocation
UTZ
New Projects/Investments
Guidance Update
Share Buyback
- Utz Brands expects a modest upfront investment of $4-$6 million in the first year for its California expansion, which is a one-time startup cost and does not change the 16% margin target for 2026.
- The company aims to achieve leverage below 3 times by the end of 2026, down from just under 4 times in Q3. Debt paydown is the current focus, with share buybacks considered if the stock is undervalued.
- Utz anticipates productivity savings of around 6% of COGS this year, with a long-term target of 3-4%.
- Capital expenditures are projected to decrease to $60-$70 million in 2026 from $100 million in 2025.
Nov 18, 2025, 4:00 PM
UTZ Discusses California Expansion, Leverage Targets, and Productivity Initiatives
UTZ
New Projects/Investments
Guidance Update
Share Buyback
- UTZ is expanding into California with a modest upfront investment of $4-$6 million in the first year, which is a one-time startup cost and is not expected to impact their 16% margin target for 2026.
- The company aims to reduce its leverage ratio to approaching 3 times by year-end (2025) and below 3 times by the end of 2026, supported by a CapEx reduction from $100 million (2024/2025) to $60-$70 million in 2026.
- Productivity savings are expected to be around 6% of COGS for the current year (2025) and at or above the high end of a 3-4% long-term range of COGS for 2026, following the consolidation of plants from 15 to 7.
- Capital allocation priorities include debt paydown, with the board considering a share buyback given the stock's current undervaluation, and a commitment to grow the dividend over time.
Nov 18, 2025, 4:00 PM
UTZ Brands Discusses Q3 2025 Results and 2026 Outlook
UTZ
Guidance Update
M&A
New Projects/Investments
- Utz Brands expects to achieve EBITDA margins of approximately 16% in 2026, targeting 100 basis points of expansion annually, despite potential incremental investments for the California expansion.
- The company completed a California route acquisition to accelerate top-line growth in 2026, aiming to increase its current 1.9% market share in a state that accounts for 10% of the total U.S. salty snacks category.
- Utz continues to target top-line growth 200 to 300 basis points ahead of the category, citing successful expansion in markets like Florida, where market share grew from 2.5% in 2020 to 4.2% in the latest 52 weeks.
- Q3 2025 gross margins were negatively affected by a "worse potato crop" due to weather, which required more potatoes for the same throughput, but this issue is considered "essentially behind us and isolated".
Oct 30, 2025, 1:30 PM
Utz Brands Reports Strong Q3 2025 Growth and Updates FY25 Outlook
UTZ
Earnings
Guidance Update
M&A
- Utz Brands reported Q3 2025 Net Sales growth of 3.4%, with Organic Net Sales reaching $377.8 million, and achieved 11.7% year-over-year Adjusted EBITDA growth, totaling $60.3 million, alongside Adjusted EPS of $0.23.
- The company is accelerating its California market entry through the acquisition of Insignia's direct store delivery (DSD) assets, which is included in its updated FY25 guidance that reflects stronger top-line trends, while reiterating Adj. EBITDA and Adj. EPS ranges.
- As of September 28, 2025, Utz maintained ~$197.7 million in liquidity and reported a Net Leverage Ratio of 3.9x.
Oct 30, 2025, 1:30 PM
Utz Brands Reports Q3 2025 Results and Updates Full-Year Guidance
UTZ
Earnings
Guidance Update
New Projects/Investments
- Utz Brands reported Q3 2025 Net Sales growth of 3.4%, with Branded Salty Snacks Organic Net Sales increasing 5.8%. Adjusted EBITDA grew 11.7% year-over-year to $60.3 million, and Adjusted EPS rose 9.5% to $0.23.
- The company updated its FY25 Organic Net Sales guidance to approximately +3% from the previous "2.5% or better," while reiterating its Adjusted EBITDA and Adjusted EPS ranges.
- Strategic initiatives include accelerating California market entry via the acquisition of Insignia's direct store delivery assets, which is factored into the 2025 guidance, and supply chain transformation projects are on track for completion by year-end 2025.
- Utz achieved dollar and volume share gains in the Salty Snacks category, marking its ninth consecutive quarter of volume share growth and outperforming the category's volume decline.
Oct 30, 2025, 12:00 PM
Utz Brands Reports Strong Q3 2025 Results, Raises Sales Guidance, and Announces California Expansion
UTZ
Earnings
Guidance Update
New Projects/Investments
- Utz Brands reported a 3.4% increase in Net Sales to $377.8 million and a 9.5% increase in Adjusted Earnings Per Share to $0.23 for the third fiscal quarter ended September 28, 2025.
- The company raised its 2025 Organic Net Sales outlook to approximately 3% growth, reflecting stronger revenue trends through the third quarter.
- Utz announced plans to expand its presence in California, acquiring select direct store delivery (DSD) distribution assets to accelerate market penetration in the nation's largest salty snack market.
Oct 30, 2025, 10:43 AM
UTZ Reports Q3 2025 Results, Updates 2025 Outlook, and Details Expansion Strategy
UTZ
Earnings
Guidance Update
M&A
- UTZ reported Q3 2025 net sales growth of 3.4%, primarily driven by 5.8% organic net sales growth in branded salty snacks.
- The company completed the acquisition of Insignia International's direct store delivery assets, marking a significant step in its westward expansion strategy, particularly in California where it currently holds a 1.9% market share.
- Profitability improved, with adjusted EBITDA increasing by 11.7% and adjusted earnings per share rising by 9.5% in Q3 2025.
- UTZ updated its 2025 organic net sales growth outlook to approximately 3% (from a prior expectation of 2.5% or better) and reiterated its adjusted EBITDA and EPS growth guidance of 7% to 10%.
- The net leverage ratio stood at 3.9 times trailing twelve months adjusted EBITDA at the end of Q3 2025, with a target to approach 3 times by fiscal year-end 2025. Capital expenditures are projected to decrease from $100 million in 2025 to a preliminary range of $60 million to $70 million in 2026.
Oct 30, 2025, 10:30 AM
Utz Brands Reports Q3 2025 Results, Raises Sales Guidance, and Announces California Expansion
UTZ
Earnings
Guidance Update
M&A
- Utz Brands reported Net Sales increased 3.4% to $377.8 million and Adjusted Net Income rose 13.2% to $33.5 million for the third fiscal quarter ended September 28, 2025.
- The company's Adjusted Earnings Per Share increased 9.5% to $0.23 for the quarter, while Diluted Earnings Per Share decreased to $(0.17).
- Utz raised its 2025 Organic Net Sales outlook to approximately 3%, up from the prior expectation of 2.5% or better, and reaffirmed its Adjusted EBITDA and Adjusted Earnings Per Share growth guidance of 7% to 10%.
- The company announced a strategic expansion into California, acquiring direct store delivery (DSD) distribution assets to accelerate market penetration in the state's $4.1 billion salty snack market.
Oct 30, 2025, 10:30 AM
Utz Brands Raises 2025 Sales Growth Guidance and Expands California Presence
UTZ
Guidance Update
M&A
New Projects/Investments
- Utz Brands reported Q3 net sales of $377.8 million, a 3.4% year-over-year increase, and adjusted earnings per share of $0.23. Adjusted EBITDA increased by 11.7% to $60.3 million, representing 16% of net sales, driven by a 210 basis points expansion in adjusted gross profit margin to 41.1%.
- The company raised its full-year 2025 organic net sales growth guidance to approximately 3% and reaffirmed targets for adjusted EBITDA and earnings per share growth of 7-10%.
- Utz expanded its market presence through the acquisition of Insignia International’s direct store delivery distribution assets in California and the Midwest, targeting an increased market share in the $4.1 billion California salty snack market.
- Despite positive operational results, Utz's stock has underperformed the broader market in 2025, losing about 23.7% year-to-date compared to the S&P 500's gain of 17.2%, reflecting investor concerns about growth sustainability and macroeconomic pressures.
Oct 29, 2025, 5:57 PM
Quarterly earnings call transcripts for Utz Brands.
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