UTZ
Utz Brands, Inc.10.63
+0.20+1.92%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms plan amid rival aggression
Q&A reinforces confidence in 2026's 200-300 basis points sales growth despite a rival's aggressive pricing push, assuming flat category at midpoint for prudence. Management detailed 40-50 basis points EBITDA expansion after $46 million California investments and inflation in ingredients, packaging, labor—short of analyst expectations but flexible for dynamics. Distribution gains start soon in California and core via Q2 innovations like protein pretzels and Boulder tallow chips, expected margin-accretive. Leverage guides 3.0-3.2x from higher 3.4x start. No walk-backs. CAGNY next week details post-2026 plans, cash focus. Eyes on category response, California ramp.
Key Stats
Market Cap
930.23MP/E (TTM)
177.17Basic EPS (TTM)
0.06Dividend Yield
0%Recent Filings
8-K
Utz sets long-term growth targets
Utz Brands unveiled long-term targets at the February 18, 2026 CAGNY Conference, aiming for Organic Net Sales 2-3 points above the salty snack category and $1.9B potential, with 6-8% annual Adjusted EBITDA growth to at least 17% margins. Free cash flow accelerates to $100M+ in 2027 at 3% capex. Targets hinge on Boulder Canyon momentum and geographic expansion.
8-K
Utz Q4 results, $50M buyback
Utz Brands reported Q4 net sales up 0.4% to $342.2M, with branded salty snacks organic sales rising 2.5% and adjusted EBITDA climbing 17.5% to $62.4M on 560bps gross margin expansion. Board approved $50M Class A share repurchase on Feb 10, funded by cash flows, signaling confidence amid 3.4x leverage. New buyback balances growth investments.
10-K
FY2025 results
Utz Brands posted FY2025 net sales of $1.44B, up 2.1% y/y, driven by 3.7% volume/mix gains in Branded Salty Snacks offset by softer pricing and divestiture impacts; Q4 contributed solidly amid supply chain investments. Gross margins slipped to 24.9% from 26.2% on inflation and expansion costs, yet Adjusted EBITDA climbed to $217M (15.0% margin). Q4 accelerated Expansion Geographies share via California DSD buy, while Power Four Brands like Boulder Canyon surged. Debt fell to $688M with $120M cash; $23M dividends paid. Grand Rapids closure boosts efficiency. Retail consolidation threatens shelf space.
8-K
Utz reclassifies distribution costs
Utz Brands reclassified logistics, DSD, and shipping costs from SG&A to COGS starting Q4 2025, applied retrospectively to 2023-2025, boosting COGS by $105.7M in 2023 and $125.6M in 2024 while trimming reported gross profit. This aligns internal management and peer comparability. No impact on EBITDA or EPS. Revised statements attached.
8-K
Utz prelim Q4 sales, EBITDA up
Utz Brands released preliminary Q4 2025 results on January 12, 2026, projecting Net Sales of $342-343 million (up 0.3-0.6% organically) and Adjusted EBITDA of $62-64 million (up 17-21%), while full-year Net Sales hit $1.439-1.440 billion and leverage ended at 3.4x. Branded Salty Snacks Retail Sales surged 3.5% in Q4, topping the category's 1.1% gain, but shipments lagged due to partner inventory cuts from SNAP delays and shutdown. Power Four Brands grew 5.3%. Results are preliminary.
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