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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 (NYSE: UTZ) delivers authentic snack experiences through its portfolio of iconic salty snack brands. This news hub provides investors and industry followers with direct access to the company's official announcements and market-moving developments.

Track UTZ's financial performance, operational milestones, and strategic initiatives through verified press releases and curated news analysis. Our aggregation includes earnings reports, product innovation announcements, manufacturing expansions, leadership updates, and sustainability efforts relevant to the snack foods sector.

Key areas of coverage include quarterly financial disclosures, retail partnership developments, supply chain enhancements, and brand portfolio updates. This resource eliminates the need to monitor multiple sources by providing organized, chronological access to UTZ's corporate communications.

Bookmark this page for efficient tracking of UTZ's market position through primary source materials. Check regularly for updates on operational developments that may impact investment research or industry analysis within the competitive consumer packaged goods landscape.

News

Utz Unveils New Mixed Minis Pretzels

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Utz introduces new bite-sized shaped pretzels with three mouthwatering flavors - Sea Salt, Garlic Butter, and Mike's Hot Honey. Available in twists, rings, and waffles, these Utz Mixed Minis Pretzels promise a fresh, crunchy, and flavorful snacking experience. The product is available in 4-ounce and 12-ounce sizes for on-the-go or take-home options, catering to both loyal fans and potential new customers.
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Utz Brands Announces Acceleration of Supply Chain Transformation and Brand Portfolio Strategy

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

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

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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.
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Utz Brands, Inc. Declares Quarterly Cash Dividend

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

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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.
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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

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

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Utz Brands, Inc. (NYSE: UTZ) to Present at Stephens Annual Investment Conference on November 15, 2023
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Utz Brands Reports Third Quarter 2023 Results

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

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Utz Brands, Inc. to report Q3 2023 financial results on November 9, 2023
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Utz Brands Inc

NYSE:UTZ

UTZ Rankings

#1552 Ranked by Market Cap
#2202 Ranked by Dividends

UTZ Stock Data

1.18B
71.59M
17.17%
89.89%
6.32%
Packaged Foods
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