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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 announced promotions in its Executive Leadership Team, reinforcing their commitment to enhancing manufacturing and supply chain operations. Shannan Redcay has been appointed Executive Vice President of Manufacturing, continuing her role in driving transformation and efficiency since joining in 2015. Chad Whyte is now Executive Vice President of Supply Chain, overseeing logistics and procurement. These changes, effective June 21, 2022, aim to support Utz's growth during a period of increased consumer demand, highlighted by the addition of over five million new consumers during the pandemic.
Utz Brands, Inc. (NYSE: UTZ) has expanded its distribution by introducing its products, including Utz®, On The Border®, Zapp's®, and Golden Flake®, to nearly 1,300 Publix stores across the Southeast. This initiative aims to meet the growing demand for their snacks in Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia. CEO Dylan Lissette emphasizes the importance of this expansion for reaching more consumers and enhancing brand visibility. The company continues its legacy of providing high-quality snack foods since its inception in 1921.
Utz Brands, Inc. (NYSE:UTZ) will present at the Oppenheimer 22nd Annual Consumer Growth and E-Commerce Virtual Conference on June 14, 2022, at 3:00 p.m. ET. The presentation is accessible via a live audio webcast at utzsnacks.com. Known for its diverse portfolio of savory snacks, including Utz®, ON THE BORDER®, and Zapp’s®, Utz continues to delight consumers with quality products distributed through various retail channels. The company is based in Hanover, Pennsylvania, and has multiple manufacturing facilities across the U.S.
Utz Brands, Inc. (NYSE:UTZ) announced a quarterly cash dividend of $0.054 per share on its Class A Common Stock, payable on July 7, 2022, to stockholders of record by June 20, 2022. The dividend will be funded by cash distributions from Utz Brands Holdings to Utz and other common unit holders. Future dividends will depend on the Board's discretion and are influenced by the Company's financial health and operational results.
RW Garcia, an artisan snack brand, has announced the launch of three organic cracker varieties at select Whole Foods Market stores starting May 2022. The crackers include Organic Sweet Potato, Organic Everything, and Organic Lentil with Turmeric, all made with high-quality, Non-GMO ingredients. The products are gluten-free, cholesterol-free, and produced in nut-free facilities. This expansion is part of RW Garcia's strategy to broaden market reach following its recent acquisition by Utz Brands.
Utz Brands, Inc. is launching two new limited-time-only potato chip offerings: Classic Dill Pickle flavored chips in partnership with Grillo's Pickles and Utz Ripple potato chips coated with Cheddar Cheese Balls flavor. These products cater to the growing demand for pickle-flavored snacks, which grew by over 100% in the last year. The Dill Pickle chips come in 2.625 oz and 7.75 oz sizes. The collaboration aims to deliver bold flavors, and the products are available now through major U.S. retailers and online.
Utz Brands, Inc. (NYSE:UTZ) will present at the Goldman Sachs Global Staples Forum on May 17, 2022, at 3:15 p.m. ET. Investors and media can tune in to the live audio webcast available at https://investors.utzsnacks.com/. Known for its diverse range of branded snack products, Utz's offerings include popular names like Utz®, ON THE BORDER®, and Golden Flake®. The company operates 18 facilities across several states, ensuring national distribution through various retail channels.
Utz Brands, a leading manufacturer of salty snacks, reported a 26.6% increase in net sales to $340.8 million for Q1 2022, driven by a 20.7% rise in organic net sales. However, the company faced a GAAP net loss of $(31.9) million, worsening from $(23.3) million year-over-year, primarily due to $23.0 million in contract termination costs. Adjusted EBITDA decreased to $36.5 million. Despite challenges, Utz raised its full-year net sales outlook from 7-10% to 10-13%, expressing confidence in consumer demand and productivity programs to combat inflation.
Utz Brands, Inc. (NYSE: UTZ) has announced the purchase of a new snack food manufacturing facility in Kings Mountain, North Carolina. This acquisition, costing approximately
The facility, initially 125,000 square feet with potential for expansion, is expected to create over 115 local jobs and enhance operational efficiency. The company anticipates positive financial impacts within 12-18 months due to cost synergies.
Utz Brands, Inc. (NYSE: UTZ) announced plans to report its first quarter 2022 financial results on May 12, 2022, before market open. A conference call with the executive team will follow at 8:30 a.m. Eastern Time. Investors can access the live webcast and replay through the company’s Investor Relations website. Utz is a leading U.S. manufacturer of branded salty snacks, operating 17 facilities across various states. The company is committed to delivering high-quality snacks and engaging with investors through multiple communication channels.
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