Business
Utz Brands Reports First Quarter 2026 Results and Reaffirms Full Year Guidance
HANOVER, Pa., May 06, 2026--Utz Brands, Inc. (NYSE: UTZ) ("Utz" or the "Company"), a leading U.S. manufacturer of branded Salty Snacks and a small-cap growth and value Staples equity, today reported financial results for the Company’s first fiscal quarter ended March 29, 2026.
About this update from Utz Brands Inc
[{"type":"text","content":"Branded Salty Snacks Growth of 5.2%;","length":36,"tagName":"p","attribs":{}},{"type":"text","content":"Significant Improvement in Cash Metrics","length":39,"tagName":"p","attribs":{}},{"type":"text","content":"HANOVER, Pa., May 06, 2026--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) ("Utz" or the "Company"), a leading U.S. manufacturer of branded Salty Snacks and a small-cap growth and value Staples equity, today reported financial results for the Company’s first fiscal quarter ended March 29, 2026.","length":314,"tagName":"p"},{"type":"text","content":"1Q’26 Summary(1)","length":16,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net Sales increased 2.6% to $361.3 million","length":42,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Total Organic Net Sales increased 2.6%; Branded Salty Snacks Organic Net Sales increased 5.2%","length":93,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Gross Profit Margin expansion of 200bps","length":39,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted Gross Profit Margin expansion of 210bps","length":48,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net Income decreased to $(2.4) million","length":38,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted Net Income decreased 4.5% to $21.3 million","length":51,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"EBITDA decreased 12.9% to $30.3 million","length":39,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA increased 6.2% to $47.9 million","length":47,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Diluted Earnings Per Share decreased to $(0.02)","length":47,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted Earnings Per Share decreased 6.3% to $0.15","length":51,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Cash Flow Used in Operations was $12.2 million","length":46,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted Free Cash Flow increased to $(25.9) million","length":52,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net Leverage Ratio improved and decreased 0.4x to 3.6x","length":54,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":647,"olType":f...