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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, Inc. (NYSE:UTZ) has declared a quarterly cash dividend of
Utz Brands, Inc. (NYSE: UTZ), a leading U.S. salty snacks manufacturer, will present at the Barclays Global Consumer Staples Conference on September 10, 2021, at 9:20 a.m. ET. CEO Dylan Lissette and CFO Cary Devore will engage in a discussion with Barclays analyst Andrew Lazar. The live presentation can be accessed on Utz's Investor Relations website, with a replay available for 90 days. Utz offers a wide range of popular snack brands and operates fifteen facilities across multiple states, fostering a strong commitment to quality ingredients and consumer satisfaction.
Utz Brands reported strong second-quarter results, with net sales rising 23.1% to $297.9 million. However, inflation impacted margins, with adjusted gross profit margin decreasing by 200 bps to 35.4%. The company experienced increased demand for its Power Brands, which grew 8.1% on a two-year CAGR. While net income improved to $16.2 million, rising costs are expected to affect profitability in the short term. Management anticipates benefits from cost-saving actions and pricing adjustments in the latter half of 2021, with a positive outlook for fiscal 2022.
Utz Brands, Inc. (NYSE: UTZ) has announced significant changes to its Executive Management Team as part of its growth strategy. Effective October 4, 2021, Cary Devore transitions to Executive Vice President and Chief Operating Officer, Ajay Kataria becomes Executive Vice President and Chief Financial Officer, and Jim Sponaugle is appointed Executive Vice President and Chief People Officer. Todd Staub will retire on January 3, 2022, after 25 years with the company. These changes aim to enhance leadership, drive revenue growth, and optimize operations to bolster Utz's position in the snack industry.
Utz Brands, Inc. (NYSE: UTZ) will report its second quarter 2021 financial results on August 12, 2021, before market open. A conference call is scheduled for 8:30 a.m. Eastern Time to discuss these results. Investors can access the live webcast through Utz’s Investor Relations website. The company manufactures a diverse portfolio of snacks under several brands, distributing products nationally through various retail channels. More information can be found at the company's Investor Relations website.
Utz Brands, Inc. (NYSE: UTZ) has appointed Theresa Robbins Shea as Executive Vice President, General Counsel & Corporate Secretary, effective July 6, 2021. Shea will lead the legal team and be a part of the Executive Leadership Team, reporting to CEO Dylan Lissette. Her previous roles include Vice President and General Counsel at True Value Company and Senior Counsel at United Airlines. Lissette expressed confidence that Shea's experience will enhance Utz's legal and strategic framework, supporting long-term shareholder value.
Utz Brands, Inc. (NYSE: UTZ) has announced changes to its Executive Leadership Team (ELT) to drive future growth. Shane Chambers moves from CEO of the Truco/ON THE BORDER Division to Executive Vice President & Chief Growth Officer, while Mark Schreiber transitions to Executive Vice President of Sales & Chief Customer Officer. These changes aim to enhance marketing, innovation, and strategic growth initiatives. CEO Dylan Lissette emphasized the importance of these updates in sustaining Utz's sales momentum and fostering long-term success.
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