Utz Brands Inc ( (UTZ) ) has released its Q1 earnings. Here is a breakdown of the information Utz Brands Inc presented to its investors.
Utz Brands, Inc. is a prominent U.S. manufacturer specializing in branded salty snacks, known for its diverse portfolio of popular snack brands and its strong family heritage. The company recently reported its financial results for the first quarter of 2025, highlighting a modest increase in net sales and a significant rise in net income. Key financial metrics from the report include a 1.6% increase in net sales to $352.1 million and a 137.5% surge in net income to $5.7 million. The company also reported an adjusted EBITDA increase of 3.9% to $45.1 million, with adjusted earnings per share rising by 14.3% to $0.16. Despite a decline in gross profit margin, the company achieved an adjusted gross profit margin expansion of 100 basis points, driven by productivity savings. Looking forward, Utz Brands remains optimistic about its growth prospects for 2025, expecting continued branded salty snacks growth and reaffirming its full-year guidance for both top and bottom lines.