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. (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, Inc. (NYSE: UTZ) reported strong retail sales growth for the 4-week and 12-week periods ending December 26, 2021. Retail sales rose 14.2% year-over-year for the 4-week period, and 11.2% for the 12-week period compared to the previous year. On a two-year CAGR basis, sales increased 11.2% and 10.5%, respectively. The update corrects prior data inaccuracies related to new items.
Utz Brands, Inc. (NYSE: UTZ) announced the appointment of Pamela Stewart as a Director on its Board of Directors. She will also serve on the Compensation Committee, bringing over 20 years of experience in the consumer-packaged goods sector from her role at Coca-Cola. Chairman Roger Deromedi expressed excitement about her strategic contributions aimed at enhancing shareholder value. Stewart is set to leverage her extensive background in finance, sales, and operations during a pivotal time as Utz marks its 100-year anniversary in the snack food industry.
Utz Brands, Inc. (NYSE:UTZ) announced an annual dividend increase from $0.20 to $0.216 per share, effective immediately. A quarterly cash dividend of approximately $0.054 per share will be paid on January 10, 2022, to shareholders on record by December 20, 2021. This decision reflects the company's growth since its IPO in 2020, with funding from distributions by Utz Brands Holdings. Future dividends will depend on the Board's discretion, considering operational results and financial condition.
Utz Brands, Inc. reported strong retail sales trends for the periods ending October 31 and November 28, 2021. Retail sales increased by 8.7% in the 4-week period ending October 31, and 7.7% in the 12-week period compared to the previous year. For the November period, sales soared 10.9% and 9.7% respectively. The report aims to correct previous underreporting of sales data attributed to missing new items. This positive trend indicates robust consumer demand for Utz's snack products.
Utz Brands, Inc. (NYSE: UTZ) has acquired RW Garcia Holdings, LLC for $56 million, funded through cash and credit facilities. This acquisition is expected to enhance Utz's market position and contribute positively to earnings from fiscal 2022 onward. RW Garcia specializes in high-quality, organic tortilla chips and snacks, aligning with Utz's portfolio. The addition of RW Garcia also strengthens Utz's production capabilities across the U.S., benefitting from RW Garcia's facilities in Nevada and North Carolina.
Utz Brands, Inc. (NYSE: UTZ) reported fiscal Q3 2021 results with net sales of $312.7 million, a 26.1% increase year-over-year. Strong retail sales growth was driven by Power Brands, which accounted for 87% of total sales. Adjusted net income rose 40.7% to $25.6 million, despite higher commodity and labor inflation affecting margins. The company anticipates continued inflation challenges but remains confident in long-term growth strategies. Utz expects modest organic sales growth for fiscal 2021, reaffirming its Adjusted Earnings Per Share guidance of $0.55 – $0.60.
Utz Brands, Inc. (NYSE: UTZ) announces the appointment of Chad Whyte as Senior VP of Supply Chain Planning and Logistics, effective January 3, 2022. With 25 years of supply chain experience, Whyte aims to enhance the company's supply chain network and productivity in response to increased consumer demand.
His previous role as President of Aloe Group involved collaboration with Utz on supply chain initiatives. Brian Greth transitions to SVP of Enterprise Integration, focusing on M&A integration.
Utz Brands, Inc. (NYSE: UTZ) has announced a definitive agreement to acquire R.W. Garcia Holdings, LLC for
Utz Brands, Inc. (NYSE: UTZ) has announced it will report its Q3 2021 financial results on November 11, 2021, prior to market opening. A conference call will be held at 8:30 a.m. Eastern Time to discuss these results. Investors can access the live webcast and subsequent replay on the company’s Investor Relations website.
Utz specializes in a wide range of branded salty snacks, and operates 15 facilities across the U.S. with a commitment to high-quality ingredients.
FAQ
What is the current stock price of Utz Brands (UTZ)?
What is the market cap of Utz Brands (UTZ)?
What does Utz Brands, Inc. specialize in?
Where is Utz Brands, Inc. headquartered?
What are some of the popular brands under Utz?
Where can I buy Utz products?
How many manufacturing facilities does Utz have?
When was Utz Brands, Inc. founded?
Is Utz Brands a publicly traded company?
What are some of the products offered by Utz?
How does Utz ensure the quality of its products?
Where can I find more information about Utz Brands, Inc.?
