Strong Top Line Results and Expansion
Utz Brands delivered strong top line results in the first half of the year, driven by significant increases in expansion market distribution points and infrastructure investments. The company saw volume and value share gains in core geographies and improvement in C-store performance.
Boulder Canyon Brand Growth
Boulder Canyon surpassed $100 million in revenue and continues to grow with distribution gains and increasing velocity. The brand's non-seed oil benefit and performance in natural channels are key drivers.
Productivity and Gross Margin Expansion
Utz Brands reported significant productivity savings with a forecast of $150 million plus, leading to gross margin expansion. The company is on track with its productivity and cost-saving initiatives.
Distribution Gains and Infrastructure Investment
Distribution gains were noted across core and expansion markets, with significant retailer support from national chains. Infrastructure investments facilitate expanded distribution and support top line momentum.
Household Penetration and Brand Support
Household penetration reached an all-time high of around 50%, with strong trial and repeat rates. The company increased marketing investments to support geographic expansion and brand building.