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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), 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.
Utz Brands, Inc. (NYSE: UTZ) has completed the acquisition of ~65 direct-store delivery (DSD) routes in South Florida from National Food Corp. This strategic move enhances Utz's local distribution capabilities and supports geographic expansion in key areas including Miami, Fort Lauderdale, West Palm Beach, Naples, and Fort Myers. This is Utz's second transaction with National Food, following a 2021 acquisition of 21 DSD routes in Central Florida.
Florida, the third-largest U.S. state for Salty Snack Category sales ($2.6 billion), is a important expansion market for Utz. Since 2021, Utz has grown its Florida retail sales to $103 million, with a 28% CAGR and increased market share from 2.7% to 3.9%. To capitalize on further growth opportunities, Utz plans to increase investments in distribution facilities, sales management, and route systems in the region.
Zapp's, a brand known for its New Orleans-inspired snacks, has introduced two new flavors to its product lineup. Big Cheezy Kettle Potato Chips combine cheddar cheese, sour cream, and Cajun seasoning, available in 2.5- and 8-ounce packages. This is the first new flavor added to Zapp's Kettle Potato Chip line in two years. The Sweet Cinnamon & Sugar Pretzel Stix feature a sweet cinnamon and sugar coating on Zapp's crunchy pretzels, available in 1.5-, 5-, and 16-ounce packages.
These new products aim to deliver unique flavors with a New Orleans twist. They are now available at major retailers across the United States and online at utzsnacks.com. Stacey Schultz, Senior Vice President of Marketing at Utz Brands, Inc., emphasized the company's goal to excite curiosity and offer distinctive snacks that Zapp's is known for.
Utz Brands, Inc. (NYSE: UTZ) reported strong Q2 2024 results, raising its FY'24 Adjusted Earnings Per Share outlook. Key highlights include:
- Net Sales of $356.2 million
- Organic Net Sales increased 1.6%
- Gross Profit Margin expansion of 260bps
- Net Income of $25.4 million
- Adjusted EBITDA increased 10.0% to $49.7 million
- Earnings per share of $0.23
- Adjusted Earnings per share increased 46.2% to $0.19
The company gained market share in the Salty Snack category for the third consecutive quarter. Utz revised its FY 2024 Organic Net Sales growth outlook to ~3% and raised its Adjusted Earnings per Share growth outlook to 28%-32%. The company expects strong volume growth in the second half of the year, driven by increased marketing investments and product innovation.
Utz Brands, Inc. (NYSE: UTZ), a leading U.S. manufacturer of branded salty snacks, has announced its plan to report second quarter 2024 financial results on Thursday, August 1, 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, a leading U.S. manufacturer of branded salty snacks, announced a quarterly cash dividend of approximately $0.059 per share on its Class A Common Stock. The payment will be made on July 3, 2024, to shareholders recorded by June 17, 2024. The dividend includes an additional cash distribution totaling around $1.7 million, or approximately $0.0210 per share, funded from excess tax distributions. Future dividends will depend on the company's operations, financial health, and other relevant factors as determined by the Board of Directors. Utz may also declare additional dividends from excess tax distributions in future quarters.
Utz Brands, Inc. (NYSE: UTZ) will present at the Goldman Sachs Global Staples Forum on May 14, 2024. The leading U.S. salty snacks manufacturer will webcast the presentation at 11:40 a.m. ET. The event can be accessed by media and investors through the provided link.
Utz Brands, Inc. will showcase new and best-selling products at the Sweets & Snacks Expo, featuring brands like Utz, Zapp’s, Boulder Canyon, and On The Border. The Expo will highlight innovative flavors and fan favorites, including spicier options across the portfolio. Utz continues to offer quality snacks with new twists on classic favorites, maintaining consumer appeal and crunchy textures.
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