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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 (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.
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.
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