UTZ News & Events

Reports Q1 revenue $361.3M, consensus $361.93M. I'm pleased with our solid start to the year, as we delivered 2.6% Net Sales growth and 5.2% Branded Salty Snacks growth, gained dollar share in the Salty Snacks category(2), and continued to expand Adjusted EBITDA margins," said Howard Friedman, Chief Executive Officer of Utz. Friedman continued, "The category has demonstrated signs of continued improvement with solid growth in the first quarter. Looking ahead to the remainder of 2026, we expect it to remain a dynamic operating environment and we are committed to our playbook of driving Branded Salty Snacks growth, generating productivity, and reinvesting in marketing and geographic expansion. We believe the flexibility of our model will allow us to succeed in an evolving consumer and category backdrop." "Adjusted Free Cash Flow improved sharply in the first quarter with our focus on working capital management and normalizing capital expenditures," said BK Kelley, EVP and Chief Financial Officer of Utz. "Leverage at 3.6x was down considerably from a year ago, and we expect leverage to improve further as we progress through 2026. We are reaffirming all aspects of our 2026 guidance."

FY26 consensus $77c. Sees FY26 Organic Net Sales growth of 2% to 3%, assuming a flat Salty Snacks category at midpoint, led by continued Branded Salty Snacks growth, particularly the Power Four Brands. This metric excludes the 53rd week. FY26 revenue consensus $1.5B.

Utz Quality Foods, LLC, a subsidiary of Utz Brands, Inc., is issuing a voluntary recall in the United States of certain limited varieties of Zapp's and Dirty potato chips. This voluntary recall follows notification to Utz that a seasoning containing dry milk powder, sourced from California Dairies, Inc. and supplied by a third-party supplier, may contain the presence of Salmonella. The affected seasoning batches tested negative for Salmonella prior to use; however, out of an abundance of caution, Utz is recalling the limited varieties of Zapp's and Dirty brand potato chips. To date, there have been no complaints of illness reported to Utz in connection with the recalled products. Utz is recalling these products based on the ingredient supplier's recall. No other products produced by Utz Quality Foods are included in this recall.