HANOVER, Pa- 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 second fiscal quarter ended June 28, 2026.
2Q'26 Summary(1)
Net Sales increased 1.4% to $371.8 million
Total Organic Net Sales increased 1.4%; Branded Salty Snacks Organic Net Sales increased 3.3%
Gross Profit Margin decrease of 10bps
Adjusted Gross Profit Margin expansion of 150bps
Net Income decreased to $(16.0) million
Adjusted Net Income increased 14.8% to $27.1 million
EBITDA decreased 55.5% to $17.4 million
Adjusted EBITDA increased 14.4% to $55.7 million
Diluted Earnings Per Share decreased to $(0.11)
Adjusted Earnings Per Share increased 11.8% to $0.19
Cash Flow Provided by Operations was $11.7 million
Adjusted Free Cash Flow improved to $(0.7) million
Net Leverage Ratio improved and decreased 0.6x to 3.5x
(1) All comparisons for the second quarter of 2026 are to the second quarter of 2025 (ended June 29, 2025).
'We delivered another quarter of solid growth in net sales and Adjusted EBITDA, led by 3.3% Branded Salty Snacks growth,' said Howard Friedman, Chief Executive Officer of Utz. 'I was pleased with our execution in the quarter and the business performance through the first half, including the continued year-over-year improvement in adjusted free cash flow and net leverage.'
Recent Agreement to Take Utz Private
On July 20, 2026, Utz and Intersnack Group GmbH & Co. KG ('Intersnack Group' or 'Intersnack') entered into a definitive agreement pursuant to which certain subsidiaries of Intersnack Group will acquire all outstanding shares of Class A Common Stock of the Company for $14.25 per share in cash. Upon closing the transaction, Utz will become a private company with the Rice and Lissette Family Entities (the 'Rice and Lissette Family') and Intersnack Group each owning 50% of Utz. As such, the Company will not provide its outlook for 2026 and will not hold a conference call to discuss the Company's financial results for the second quarter and year-to-date period ended June 28, 2026. The Company expects the transaction to close in the fourth quarter of 2026, subject to satisfaction of closing conditions.
See full release at: https://investors.utzsnacks.com/news/news-details/2026/Utz-Brands-Reports-Second-Quarter-2026-Results/default.aspx
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