Sales Performance - As of September 28, 2025, approximately 50% of U.S. households have Utz's products, with retail sales for salty snacks decreasing by 0.2% while Utz's retail sales increased by 4.8% for the thirteen weeks ended September 28, 2025[82][86]. - The company experienced retail volume and retail sales growth of 3.0% and 4.8%, respectively, in Expansion Geographies for the thirteen weeks ended September 28, 2025[84]. - Net sales for the thirteen weeks ended September 28, 2025, were $377.8 million, representing a 3.4% increase from $365.5 million in the same period of 2024[104]. - For the thirty-nine weeks ended September 28, 2025, net sales were $1,096.6 million, a 2.7% increase from $1,068.2 million in the same period of 2024[112]. - Branded Salty Snacks accounted for 89% of net sales for the thirteen weeks ended September 28, 2025, with a 5.8% increase in sales, while Non-Branded & Non-Salty Snacks saw a 13.1% decrease[105]. Financial Performance - The company reported a net loss of $20.2 million for the thirteen weeks ended September 28, 2025, compared to a net income of $0.8 million in the prior year[103]. - Income tax expense for the thirteen weeks ended September 28, 2025, was $13.4 million, significantly higher than $0.2 million in the same period of 2024[111]. - The company experienced a decrease in other loss, net, to $10.1 million for the thirteen weeks ended September 28, 2025, down from $18.5 million in the prior year[110]. - Adjusted EBITDA for the thirty-nine weeks ended September 28, 2025, was $154.1 million, representing an increase from $147.1 million in the prior year[123]. - The gross profit margin for the thirty-nine weeks ended September 28, 2025, was 33.9%, down from 35.1% in the prior year, attributed to increased investments for capacity expansion[114]. Cost Management - The company utilizes buying-forward strategies to manage commodity costs, locking in prices for key materials between three and 18 months in advance[98]. - Selling, distribution, and administrative expenses increased by 11.9% to $123.1 million for the thirteen weeks ended September 28, 2025, primarily due to higher costs associated with growth and geographic expansion[108]. - The company incurred $4.6 million in share-based compensation expense for the thirteen weeks ended September 28, 2025, slightly down from $4.7 million in the same period of 2024[124]. Manufacturing and Expansion - The company plans to consolidate its manufacturing footprint from eight to seven facilities, closing the Grand Rapids, Michigan facility, to generate cost savings and enhance efficiency[82][94]. - The company acquired Insignia International's DSD distribution assets in October 2025, accelerating its expansion in California, which has a $4.1 billion retail sales market for salty snacks[96]. - Boulder Canyon brand saw a growth of 199.0% for the thirty-nine weeks ended September 28, 2025, driven by new product innovations[97]. Debt and Financing - As of September 28, 2025, the company had $708.7 million in variable rate indebtedness, with a weighted average interest rate of 4.9%, down from 5.7% in the prior year[89]. - The company recorded a loss on debt extinguishment of $0.5 million related to the refinancing of its Term Loan B for the thirty-nine weeks ended September 28, 2025[132]. - As of September 28, 2025, $20.7 million was outstanding under the asset-based lending facility, with $140.0 million available for borrowing[134]. - Net cash provided by financing activities was $49.5 million for the thirty-nine weeks ended September 28, 2025, contrasting with a net cash outflow of $155.2 million in the prior year[141]. Market and Regulatory Environment - The U.S. salty snack category is valued at $41 billion, within the broader $147 billion U.S. snack food market as of September 28, 2025[85]. - The company recorded a charge to deferred taxes due to the One Big Beautiful Bill Act, impacting its consolidated financial statements[90]. - The company plans to remove Food, Drug & Cosmetic colors from its product portfolio by the end of 2027, which may affect net sales and market share[97]. - The company's market risk exposures have not changed materially since the filing of the Annual Report on Form 10-K for the year ended December 29, 2024[145]. - Quantitative and qualitative disclosures about market risk can be found in Item 7A of the Annual Report on Form 10-K[145].

Core Insights - Utz Brands, Inc. reported a 3.4% increase in net sales for the third fiscal quarter, reaching $377.8 million [1] - Total organic net sales also rose by 3.4%, with branded salty snacks organic net sales increasing by 5.8% [1] - The gross profit margin experienced a decline of 220 basis points [1]

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Company Overview - Utz Brands, Inc. (NYSE:UTZ) produces and markets a variety of salty snacks, including chips, tortilla chips, potato chips, pretzels, popcorn, and party mixes [2]. Market Sentiment - Jim Cramer highlighted that owning Utz Brands is challenging due to the competitive nature of the snack industry, but he believes the stock is undervalued and should not be sold at its current low price [1]. - Baron Small Cap Fund decided to sell its position in Utz Brands, citing slower-than-expected sales and earnings growth, increased competition, and weaker consumer spending as key factors [2]. Investment Perspective - Despite acknowledging the potential of Utz Brands as an investment, Baron Small Cap Fund suggests that certain AI stocks present greater upside potential and lower downside risk compared to Utz [2].

Core Insights - Utz Brands, Inc. is a leading U.S. manufacturer of branded salty snacks with over a century of experience [1] - The company will showcase its newest flavor launches and product innovations at the 2025 National Association of Convenience Stores (NACS) Show [1] - The NACS Show will take place from October 15–17, 2025, at McCormick Place Convention Center in Chicago, IL, and will gather convenience and fuel retailing professionals for networking, education, and product discovery [1]

Core Viewpoint - Utz Brands, Inc. is committed to evolving its product offerings by removing certified Food, Drug and Cosmetic colors from its portfolio, reflecting a dedication to quality and transparency in response to changing consumer preferences and regulatory initiatives [1] Company Commitment - The company has a long-standing history since 1921 of prioritizing quality and simple, trusted ingredients in its snacks [1] - Utz Brands emphasizes its adaptability to consumer tastes and regulatory changes while maintaining its core values [1]

Group 1 - Utz Brands, Inc. (NYSE:UTZ) announced a multi-phase project aimed at upgrading its facilities across the Utz Hanover, Pennsylvania campus [4] - The construction is set to begin in 2026 to modernize Utz's Hanover headquarters [4] - The project is part of a broader strategy to enhance operational efficiency and product quality [4]

Core Insights - Utz Brands, Inc. is initiating a multi-phase project to upgrade facilities at its Hanover, Pennsylvania campus, emphasizing its long-term commitment to the area and its workforce [1][6] Company Overview - Utz Brands, Inc. manufactures a diverse portfolio of savory snacks under popular brands such as Utz, On The Border Chips & Dips, Zapp's, and Boulder Canyon [2] - The company has a strong family heritage and focuses on delivering high-quality snack foods to consumers across various distribution channels in the U.S. [3] Investment and Development Plans - The upgrades will include the transformation of the headquarters into a modern Utz Employee Hub, featuring collaborative workspaces and upgraded technology, with construction set to begin in 2026 [6] - Additional facilities, such as the Fitness Center and DSD Warehouse, will be relocated to the new headquarters, while the Employee Health Center will remain at its current location [6] - Utz plans to establish a modern Utz Community Center at its Carlisle Street Plant 1 site, which will also continue to house the Utz Outlet Store and community pavilion [6] - The company intends to sell the buildings located at 1040 High Street and 350 Kindig Lane as part of its restructuring efforts [6]

Core Insights - QuadMed has partnered with Utz Brands to manage the Utz Health & Wellness Center, enhancing personalized health care services for over 4,300 eligible members [1][2][3] - The transition to QuadMed aims to improve health outcomes and deliver measurable value to employers by integrating primary care and occupational health [3][4] - QuadMed's model focuses on whole-person care, which is customized for each patient, reflecting a commitment to employee well-being and productivity [4][5] Company Overview - QuadMed is a health care experience company that provides direct access to whole-person care for employees and families, with over 30 years of experience in improving health and reducing costs [5] - Quad, the parent company of QuadMed, is a marketing experience company that offers a comprehensive range of marketing and print services, serving approximately 2,100 clients across various industries [6][7] - Utz Brands, Inc. manufactures a diverse portfolio of savory snacks and has a strong family heritage, distributing products nationally through multiple channels [9]

Group 1 - Utz Brands, Inc. is the third-largest company in the US for salty snacks, with a history spanning over 104 years [1] - The company is focused on expanding its market presence and product offerings in the salty snack segment [1]