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.
Grillo's Pickles has teamed up with Utz to launch limited edition Classic Dill Pickle flavored potato chips. This collaboration aims to blend the flavors of Grillo's pickles with Utz's crisps, appealing to snack enthusiasts. Available at leading retailers, the chips come in two sizes—2.625 oz and 7.75 oz—priced at $2.19 and $4.29, respectively. This is the first collaboration between the brands, with both expressing excitement about satisfying their loyal customer base. The chips are positioned as a crunchy and delicious snack for pickle lovers.
Utz Brands, Inc. (NYSE:UTZ) has declared a quarterly cash dividend of $0.054 per share on its Class A Common Stock. This payment is set for April 28, 2022, for shareholders on record as of April 18, 2022. The dividend will be financed through cash distributions from Utz Brands Holdings to its common unit holders. Future dividends will depend on the Board's evaluation of financial performance and other relevant factors.
Utz Brands, Inc. (NYSE: UTZ) is unveiling new snack foods from its healthier portfolio at the Natural Products Expo West from March 10-12 in Anaheim, California. Attendees can sample innovative products like Boulder Canyon's Jalapeño flavored Potato Chips and Good Health's White Cheddar ABC Bites. Both snacks are non-GMO and gluten-free, aligning with the growing demand for healthier options. These products will be available across leading retailers in the U.S. and online at Utzsnacks.com.
Utz Brands, Inc. (NYSE: UTZ) reported strong financial results for the fiscal fourth quarter and full-year ended January 2, 2022. Net sales increased by 22.2% to $300.9 million in Q4 and 22.4% to $1.18 billion for the full year. Adjusted Gross Profit rose by 14.1% year-over-year, reaching $103.3 million in Q4. However, net income experienced a loss of $16.2 million, an improvement from a $87.5 million loss last year. For FY2022, the company anticipates net sales growth of 7-10% despite ongoing inflation pressures.
Utz Brands, Inc. (NYSE: UTZ), a leader in the U.S. salty snack market, will report its fourth quarter and full year 2021 financial results on March 3, 2022, before market open. A conference call will be held at 8:30 a.m. Eastern Time to discuss the results. Investors can access the webcast via Utz's Investor Relations website. The company offers a range of popular snack brands and operates 17 facilities across several states. For more details, visit Utz's Investor Relations.
Utz Brands, Inc. (NYSE: UTZ) announced the appointment of Satyaki Lodh as Senior Vice President and Chief Information Officer. Mr. Lodh, with over 30 years of IT experience and a focus on the Food & Beverage industry, will lead the IT organization to enhance technology infrastructure and insights as Utz expands nationally. He will report to Ajay Kataria, Executive Vice President and CFO. Lodh previously held key positions, including CIO at Borden Dairy and VP at Snyder’s-Lance, contributing significantly to IT operations and DSD systems.
Utz Brands, Inc. (NYSE: UTZ) has completed the acquisition of assets from two direct store delivery distributors, Clem Snacks, Inc. and J&D Snacks, Inc. This strategic move consolidates over 125 DSD routes in the New York City area, enhancing Utz's distribution capabilities. The acquisition is financed through balance sheet cash and a revolving credit facility, with a negligible impact on the company's net leverage ratio. Utz anticipates the transaction will be accretive to earnings starting in fiscal 2022, which aligns with its strategy to increase market share in the salty snack category.
Utz Brands, Inc. (NYSE: UTZ) announced the acquisition of Clem Snacks, Inc. and J&D Snacks, Inc., expanding its direct store delivery capabilities in New York City and Long Island. This strategic move adds 125 DSD routes, enhancing Utz's market presence and supporting its growth in the salty snack category. The transaction is expected to close in Q1 2022, with funding sourced from balance sheet cash and revolving credit facilities. Although financial terms were not disclosed, Utz aims to bolster retailer support and service efficiency in a vibrant market.
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