Utz Brands Reports Steady Growth Amidst Market Challenges

Utz Brands Inc ( (UTZ) ) has released its Q4 earnings. Here is a breakdown of the information Utz Brands Inc presented to its investors.

Utz Brands, Inc., a leading U.S. manufacturer in the salty snacks industry, is renowned for its diverse portfolio of savory snack products distributed nationally through various channels. The company recently reported its financial results for the fourth quarter and full year of 2024, highlighting a stable performance in its branded salty snacks segment and significant profit margin expansions. Key financial metrics from the fourth quarter show net sales of $341 million and a notable increase in adjusted net income by 41.5% to $32.4 million. Although net sales for the full year slightly declined by 2% to $1.409 billion, the company’s branded salty snacks segment grew by 3.7%, contributing to a gross profit margin expansion of 340 basis points. Looking ahead to 2025, Utz Brands anticipates low-single-digit growth in organic net sales, driven by its core branded salty snacks, alongside a 6% to 10% growth in adjusted EBITDA. The company is focusing on network optimization and increased capital investments to enhance brand building and margin expansion, positioning itself to achieve or surpass fiscal 2026 financial goals.