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Utz Brands, Inc. (symbol: UTZ) is a renowned name in the snack food industry, with a rich history dating back to its founding in 1921. Headquartered in Hanover, PA, Utz Brands is privately-owned and family-managed, producing a broad range of snack products that cater to diverse tastes.
The company’s extensive product lineup includes potato chips, pretzels, cheese snacks, corn products, and popcorn, distributed under various popular brands such as Utz, Zapp's, Golden Flake, Boulder Canyon, Hawaiian, TORTIYAHS! and more. These products are widely available through national and international channels, including grocery stores, mass merchants, club stores, convenience stores, and drug stores.
Utz Brands boasts multiple manufacturing facilities to support its vast production needs. The main hub is in Hanover, with additional facilities in Louisiana, Massachusetts, and Wilkes-Barre, PA. This wide network ensures a steady supply of fresh and delicious snacks to consumers across the globe.
Recently, Utz has made significant strides in expanding its market reach and improving product quality. The company has formed strategic partnerships and launched several initiatives to enhance its brand presence and customer satisfaction. Financially, Utz Brands has demonstrated solid performance, with a focus on sustainable growth and innovation.
Utz’s commitment to quality and customer satisfaction has solidified its position as a leader in the snack food industry. For more information about Utz or its products, visit www.utzsnacks.com or call 1-800-FOR-SNAX.
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.
Utz®, a leading U.S. salty snack brand, has launched a new advertising campaign called 'Crunch & Flavor Over Everything'. The campaign celebrates Utz's 100-year legacy of crafting snacks with unmatched taste and texture using family-owned recipes and quality ingredients. It introduces a Chief Crunch & Flavor Officer who embodies Utz's commitment to delivering the perfect blend of satisfying crunch and mouthwatering flavor in every snack.
The campaign highlights Utz's use of quality ingredients, treasured family recipes, and a crafted process perfected over generations to ensure the right amount of crunch in every bite. Utz Brands, Inc. Marketing Director Amber McGrogan emphasized the company's ongoing commitment to quality and care in making their snacks uniquely satisfying. The campaign was brought to life by The Sasha Group, Utz's creative brand partner.
Utz Brands, Inc. (NYSE: UTZ), a leading U.S. manufacturer of branded salty snacks, has announced a quarterly cash dividend. The Board of Directors declared a regular quarterly cash dividend of $0.059 per share on the Company's Class A Common Stock, along with an additional cash dividend of $0.011 per share. The total dividend of $0.07 per share will be paid on October 3, 2024, to stockholders of record as of September 16, 2024. The additional dividend, totaling approximately $0.9 million, reflects growth in the company's pre-tax income from improved operating performance. It will be funded from excess tax distributions from Utz Brands Holdings to Utz.
Utz Brands (NYSE: UTZ) has updated its full-year 2024 financial outlook at the Barclays Global Consumer Staples Conference. The company is revising its Organic Net Sales growth projection to 2% - 2.5%, down from the previous 3% estimate, due to a more competitive promotional environment. Despite this, Utz is reaffirming its outlook for Adjusted EBITDA growth (5% - 8%), Adjusted Earnings per Share growth (28% - 32%), and Net Leverage Ratio (approximately 3.6x at year-end).
CEO Howard Friedman highlighted a strong first half of the year but noted moderated consumption trends in Q3. The company plans to adjust promotional activities while maintaining focus on long-term demand. Utz remains confident in meeting its 2026 targets and navigating the current dynamic environment.
Utz Brands, Inc. (NYSE: UTZ), a leading U.S. manufacturer of branded Salty Snacks, has released its 2023 Environmental, Social, and Governance (ESG) Report. The report covers the fiscal year ended December 31, 2023, and highlights the company's progress in various ESG areas:
Environment: Utz has made strides in reducing carbon emissions through network optimization and efficient distribution strategies, minimizing food waste contributions to landfills, and developing a comprehensive environmental policy.
Social: The company focuses on fostering an inclusive work environment, prioritizing employee well-being and development, and implementing workforce diversity initiatives to promote equal opportunities and representation.
Governance: Utz maintains a strong corporate governance framework to promote ethical decision-making, accountability, and transparency, aiming to maintain stakeholder trust and confidence.
Utz Brands, Inc. (NYSE: UTZ), a leading U.S. manufacturer of branded Salty Snacks, has announced its participation in three upcoming investor conferences in September 2024. The company will engage in various activities at these events:
1. Barclays Global Consumer Staples Conference (September 5): Utz will host a fireside chat at 7:30 a.m. EDT and participate in meetings with investors. A live webcast will be available on the company's investor relations website.
2. Piper Sandler Growth Frontiers Conference (September 10): Utz will participate in one-on-one and small group meetings with investors.
3. TD Cowen Sip, Snack, and Scrub Summit (September 17): The company will engage in one-on-one and small group meetings with investors.
These conferences provide Utz Brands with opportunities to connect with investors and showcase its position as a small-cap value and growth Staples equity in the snack food industry.
Utz Brands, Inc. (NYSE: UTZ) has announced significant changes to its Board of Directors. Michael W. Rice, a long-serving member and former CEO, has retired from the Board but will continue as an observer. William "B.J." Werzyn Jr., founder and CEO of West Shore Home, , has been appointed to fill the vacancy.
Rice's career at Utz spanned over 50 years, during which he held various leadership roles and was instrumental in diversifying the company's product line and expanding its geographic reach. Werzyn brings entrepreneurial and technological expertise to the Board, having built West Shore Home into a $750 million revenue company with over 3,000 employees across 21 states.
These changes mark a significant transition for Utz, blending long-standing industry experience with fresh entrepreneurial perspective in its leadership.
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