Utz Brands reports Q1 adjusted EPS 16c, consensus 15c

Reports Q1 revenue $352.1M, consensus $352.2M. “I’m pleased with our strong start to the year, as we delivered nearly 3% Organic Net Sales growth(1), and gained dollar and pound share of the Salty Snacks category in the first quarter(2). Our use of bonus packs and focused trade promotions have been effective in addressing consumer value needs. We’ve now shown our ability to grow despite category softness, due to our unique geographic expansion opportunity. In addition, we delivered our ninth consecutive quarter of year-over-year Adjusted EBITDA Margin expansion, and we drove Adjusted Earnings Per Share growth of over 14%,” said Howard Friedman, Chief Executive Officer of Utz. Friedman continued, “Looking ahead to the remainder of 2025, we expect that our strong productivity cost savings will continue to give us the flexibility to build our brands and expand our margins. Based on what we know today, given that nearly all our input costs are sourced domestically and our manufacturing facilities are all in the United States, we expect that recent tariff volatility will have a modest impact on our business in 2025. As such, we remain confident in reaffirming our full-year guidance for both the top and bottom line.”