STOCK TITAN
  1. Home
  2. News
  3. UTZ

Utz Brands, Inc. - UTZ STOCK NEWS

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.

News

Utz Brands Announces Acceleration of Supply Chain Transformation and Brand Portfolio Strategy

Rhea-AI Summary
Utz Brands, Inc. announced the sale of certain assets and brands to Our Home, including Good Health® and R.W. Garcia® brands, for $182.5 million. The company plans to use the proceeds to reduce long-term debt and accelerate deleveraging. Our Home will offer employment to Utz associates as part of the transition. Utz also provided preliminary fiscal-year 2023 net sales results and narrowed its Adj. EBITDA outlook range.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
Tags
none
-
News

Utz Quality Foods Issues Allergy Alert on Undeclared Milk in Utz® Wavy Original Potato Chips in Metro New York Area

Rhea-AI Summary
Utz Quality Foods, LLC. issues a voluntary recall for 88 cases of Utz® 2.75 oz. Wavy Original Potato Chips due to an undeclared milk allergen. The recall was initiated after it was discovered that some bags contained seasoned chips instead of plain ones. The affected products were distributed in New York State and primarily within New York City. No illnesses associated with the recall have been reported. Consumers with a milk allergy should not consume the products and can contact Utz Customer Care for a refund.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.35%
Tags
none
-
News

Utz Brands to Introduce Long-Term Growth Strategy at 2023 Investor Day

Rhea-AI Summary
Utz Brands, Inc. (NYSE: UTZ) will detail plans to expand power brands outside core geography, transform supply chain to fuel margin improvements, and introduce new three-year financial targets at its 2023 Investor Day. The company also reaffirmed its fiscal year 2023 outlook, including net sales growth of 2% to 3%, adjusted EBITDA growth of 8% to 11%, and net leverage ratio below 4.5x by year-end fiscal 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.11%
Tags
none
News

Utz Brands, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary
Utz Brands, Inc. (NYSE: UTZ) has declared a regular quarterly cash dividend of approximately $0.057 per share on the Company’s Class A Common Stock. Payment is expected to be made on January 4, 2024, to stockholders of record at the close of business on December 18, 2023. The cash dividend will be funded by cash distributions made by Utz Brands Holdings, LLC to Utz and the other holders of Utz Brands Holdings’ common units on a pro-rata basis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.88%
Tags
dividends
-
News

Boulder Canyon and Grillo’s Pickles Team Up to Launch a Limited Time Only Classic Dill Pickle Kettle Style Potato Chip

Rhea-AI Summary
Utz Brands, Inc. (UTZ) and Grillo’s Pickles launch limited time only Classic Dill Pickle Flavored Kettle Style Potato Chip. The partnership offers a non-GMO verified, gluten-free, and kosher-certified snack option for pickle lovers. The chips are available in 5.25 oz. packages at leading retailers nationwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
Tags
none
-
News

Utz Brands Appoints Mitchell Arends as Executive Vice President, Chief Integrated Supply Chain Officer and Cary Devore to Executive Vice President, Chief Operating and Transformation Officer

Rhea-AI Summary
Utz Brands, Inc. (NYSE: UTZ) announced the appointment of Mitchell Arends as Executive Vice President, Chief Integrated Supply Chain Officer, and Cary Devore as Executive Vice President, Chief Operating and Transformation Officer. These appointments aim to enhance the Company’s execution of short- and long-term objectives, including supply chain optimization and integrated business planning. Mitchell Arends will oversee all aspects of the supply chain, while Cary Devore will lead the execution of the Company’s strategic plan priorities and large-scale transformation initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.87%
Tags
management
News

Utz Brands, Inc. to Webcast Presentation at the Stephens Annual Investment Conference on November 15

Rhea-AI Summary
Utz Brands, Inc. (NYSE: UTZ) to Present at Stephens Annual Investment Conference on November 15, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.87%
Tags
conferences
-
News

Utz Brands Reports Third Quarter 2023 Results

Rhea-AI Summary
Utz Brands, Inc. (NYSE: UTZ) reported a 2.5% increase in net sales to $371.9 million for the third fiscal quarter of 2023, with net income reaching $16.2 million. The company also saw a 9.2% rise in adjusted EBITDA to $52.1 million. However, aggressive supply chain and portfolio optimization actions negatively impacted second half volume, resulting in a near-term impact on full-year net sales guidance. Despite this, the company maintained its full-year adjusted EBITDA guidance and remains optimistic about future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
-
News

Utz Brands to Report Third Quarter 2023 Financial Results on November 9, 2023

Rhea-AI Summary
Utz Brands, Inc. to report Q3 2023 financial results on November 9, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.41%
Tags
conferences earnings
News

Utz Brands, Inc. Announces Network Optimization Initiatives to Support Volume Growth and Reduce Costs

Rhea-AI Summary
Utz Brands announces network optimization initiatives to support volume growth and reduce costs
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
Tags
none

FAQ

What is the current stock price of Utz Brands (UTZ)?

The current stock price of Utz Brands (UTZ) is $15.84 as of December 20, 2024.

What is the market cap of Utz Brands (UTZ)?

The market cap of Utz Brands (UTZ) is approximately 1.3B.

What does Utz Brands, Inc. specialize in?

Utz Brands, Inc. specializes in manufacturing and marketing a diverse range of snack foods including potato chips, pretzels, cheese snacks, corn products, and popcorn.

Where is Utz Brands, Inc. headquartered?

Utz Brands, Inc. is headquartered in Hanover, PA.

What are some of the popular brands under Utz?

Popular brands under Utz include Utz, Zapp's, Golden Flake, Boulder Canyon, Hawaiian, and TORTIYAHS!

Where can I buy Utz products?

Utz products are distributed nationally and internationally through grocery stores, mass merchants, club stores, convenience stores, and drug stores.

How many manufacturing facilities does Utz have?

Utz has multiple manufacturing facilities including four in Hanover, PA, and additional ones in Louisiana, Massachusetts, and Wilkes-Barre, PA.

When was Utz Brands, Inc. founded?

Utz Brands, Inc. was founded in 1921.

Is Utz Brands a publicly traded company?

Yes, Utz Brands, Inc. is a publicly traded company with the symbol UTZ.

What are some of the products offered by Utz?

Utz offers a variety of snacks including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, and pub/party mixes.

How does Utz ensure the quality of its products?

Utz ensures the quality of its products through rigorous quality control processes in its multiple manufacturing facilities.

Where can I find more information about Utz Brands, Inc.?

For more information about Utz Brands, Inc. and its products, visit www.utzsnacks.com or call 1-800-FOR-SNAX.

Stock UTZ logo
Utz Brands, Inc.

NYSE:UTZ

UTZ Rankings

#2300 Ranked by Market Cap
#1567 Ranked by Dividends

UTZ Stock Data

1.32B
67.93M
17.13%
92.98%
8.46%
Packaged Foods
Miscellaneous Food Preparations & Kindred Products
Link
United States of America
HANOVER