Utz Brands, Inc. (UTZ)
Utz Brands, Inc. operates as a leading producer and marketer within the snack food industry. The company provides a diverse selection of savory snacks, including various types of potato chips (such as kettle and tortilla varieties), pretzels, cheese-based snacks, veggie snacks, pork rinds, party mixes, salsa and queso dips, and ready-to-eat popcorn. These products are sold under an extensive portfolio of well-known labels, including Utz, Zapp's, ON THE BORDER, Golden Flake, Good Health, Boulder Canyon, Hawaiian, TGIF, and TORTIYAHS!, among others. Utz distributes its merchandise through a variety of channels, reaching retailers like grocery stores, mass merchandisers, club warehouses, convenience outlets, and pharmacies. This distribution is achieved using direct shipments, third-party distributors, and its own direct store delivery (DSD) networks. The company was established in 1921 and maintains its corporate headquarters in Hanover, Pennsylvania.
Sector: Miscellaneous Food Preparations & Kindred Products
Industry: Packaged Foods
Utz Brands, Inc.
NYSE:UTZConsumer Defensive · Packaged Foods
-0.07%$14.28
AH Close$14.28+0.00%vs close
AH Close$14.28+0.00%vs close
Mkt Cap$1.27B
Float84.49M
O/S88.61M
Inst Own80.9%
SI8.7%
Div Yield1.76%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.44B
Net Income$800K
Total Assets$2.79B
Free Cash Flow$9.4M
Debt & Equity
Debt 62%
Equity 38%
Total Debt$1.17B
Total Equity$713.7M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in UTZ's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$2.79B
Liabilities$1.45B
Accounts Receivable$104.8M
Accounts Payable$197.4M
Inventory$119.3M
PP&E (Net)$379.2M
Goodwill$865.2M
Intangible Assets$963.9M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-28 | 2024-12-29 | 2023-12-31 | 2023-01-01 | 2022-01-02 | 2021-01-03 | 2019-12-31 | 2018-12-31 |
| Revenue | $1.44B | $1.41B | $1.44B | $1.41B | $1.18B | $964.31M | $768.23M | $772.03M |
| YoY Growth | 2.1% | -2.0% | 2.1% | 19.3% | 22.4% | 25.5% | -0.5% | - |
| Cost of Revenue | $1.12B | $914.5M | $981.75M | $959.34M | $796.8M | $625.78M | $514.43M | $505.33M |
| Gross Profit | $322.2M | $494.78M | $456.49M | $449.06M | $383.91M | $338.53M | $253.8M | $266.7M |
| Gross Margin | 22.4% | 35.1% | 31.7% | 31.9% | 32.5% | 35.1% | 33.0% | 34.5% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $348M | $435.79M | $433.12M | $444.4M | $375.21M | $297.52M | $228.31M | $251.39M |
| Other | -$124.3M | $78K | $7.35M | -$691K | -$1.86M | $9.19M | -$13.26M | -$4.07M |
| Total Operating Expenses | $223.7M | $435.87M | $440.47M | $443.71M | $373.34M | $306.71M | $215.05M | $247.32M |
| Operating Income (EBIT) | $98.5M | $58.91M | $16.02M | $5.34M | $10.57M | $31.82M | $38.75M | $19.38M |
| Operating Margin | 6.8% | 4.2% | 1.1% | 0.4% | 0.9% | 3.3% | 5.0% | 2.5% |
| Interest Expense | $43.1M | $44.86M | $60.59M | $44.42M | $34.71M | $39.96M | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $8.97M | $2.05M |
| Other Income (Expense) | -$99.1M | $10.56M | -$55.29M | -$43.3M | $5.52M | -$132.6M | -$48.96M | -$45.11M |
| Income Before Tax (EBT) | -$600K | $69.47M | -$39.27M | -$37.96M | $16.08M | -$100.78M | -$10.22M | -$25.73M |
| Income Tax Expense | $7.1M | $38.73M | $757K | -$23.92M | $8.09M | $3.71M | $3.15M | $1.92M |
| Net Income | $800K | $15.97M | -$24.94M | -$392K | $20.55M | -$96.51M | -$16.17M | -$30.5M |
| Net Income Margin | 0.1% | 1.1% | -1.7% | -0.0% | 1.7% | -10.0% | -2.1% | -4.0% |
| Supplementary Data | ||||||||
| EPS | 0.01 | 0.19 | -0.31 | -0.00 | 0.27 | -1.64 | -0.29 | -0.55 |
| Diluted EPS | 0.01 | 0.19 | -0.31 | -0.00 | 0.25 | -1.64 | -0.29 | -0.55 |
| Weighted Average OS | 86.58M | 82.10M | 81.08M | 80.09M | 76.68M | 71.09M | 55.88M | 55.88M |
| EBITDA | $124.9M | $182.12M | $99.25M | $91.33M | $127.67M | $85.76M | $54.78M | $45.67M |
| EBITDA Margin | 8.7% | 12.9% | 6.9% | 6.5% | 10.8% | 8.9% | 7.1% | 5.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-28 | 2024-12-29 | 2023-12-31 | 2023-01-01 | 2022-01-02 | 2021-01-03 | 2019-12-31 | 2018-12-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $120.4M | $56.14M | $52.02M | $72.93M | $41.9M | $46.83M | $15.05M | $945K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $120.4M | $56.14M | $52.02M | $72.93M | $41.9M | $46.83M | $15.05M | $945K |
| Accounts Receivable | $104.8M | $124.49M | $140.37M | $146.26M | $138.09M | $125.97M | $106.82M | $0 |
| Inventory | $119.3M | $101.36M | $104.67M | $118.01M | $79.52M | $59.81M | $50.89M | $0 |
| Other Current Assets | $39.9M | $35.27M | $31M | $34.99M | $0 | $11.57M | $6.75M | $0 |
| Total Current Assets | $384.4M | $317.26M | $328.05M | $372.19M | $277.9M | $244.19M | $184.08M | $1.27M |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $379.2M | $345.21M | $318.88M | $345.2M | $303.81M | $270.42M | $171.72M | $0 |
| Goodwill | $865.2M | $870.7M | $915.29M | $915.29M | $915.44M | $862.18M | $202.41M | $0 |
| Intangible Assets | $963.9M | $996.51M | $1.06B | $1.1B | $1.14B | $1.17B | $184.01M | $0 |
| Long-Term Investments | $10.8M | $9.19M | $0 | $0 | $0 | $20M | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $14.7M | $0 | $0 |
| Other Long-Term Assets | $190.1M | $189.55M | $121.09M | $108.12M | $76.69M | $15.67M | $36.33M | $442.05M |
| Total Long-Term Assets | $2.41B | $2.41B | $2.42B | $2.47B | $2.44B | $2.35B | $594.47M | $442.05M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.79B | $2.73B | $2.75B | $2.84B | $2.72B | $2.6B | $778.55M | $443.31M |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $197.4M | $150.93M | $124.36M | $114.36M | $95.37M | $57.25M | $49.03M | $115K |
| Short-Term Debt | $37.9M | $23.01M | $28.73M | $31.06M | $21.37M | $9.49M | $14.28M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $1.23M | $6.96M | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $2M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $60.3M | $41.64M | $41.13M | $40.65M | $33.25M | $96.4M | $0 | $0 |
| Total Current Liabilities | $323.2M | $285.27M | $230.69M | $237.43M | $188.02M | $200.11M | $107.52M | $149K |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $971.6M | $767.47M | $897.68M | $913.67M | $855.26M | $802.56M | $659.57M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $126.6M | $123.74M | $114.69M | $124.8M | $136.33M | $88.48M | $0 | $0 |
| Other Long-Term Liabilities | -$111.9M | $31.19M | $76.06M | $77.44M | $78.84M | $122.8M | $38.76M | $15.45M |
| Total Long-Term Liabilities | $1.13B | $1.06B | $1.13B | $1.15B | $1.09B | $1.01B | $704.38M | $15.45M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.45B | $1.34B | $1.36B | $1.39B | $1.28B | $1.21B | $811.9M | $15.6M |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $8K | $14K | $14K | $14K | $13K | -$27.45M | $422.72M |
| Retained Earnings | -$326.6M | -$304.66M | -$298.05M | -$254.56M | -$236.6M | -$241.49M | $0 | $1.91M |
| Comprehensive Income & Other | $3.3M | $18.59M | $22.96M | $30.78M | $3.71M | $924K | $1.41M | $0 |
| Other Stockholders' Equity | $1.04B | $1.01B | $967.53M | $957.7M | $916.29M | $794.38M | $1.41M | $3.09M |
| Total Equity | $713.7M | $702.45M | $669.5M | $703.15M | $679.71M | $552.91M | -$26.04M | $427.72M |
| Minority Interest | $631.2M | $685.29M | $714.19M | $748.54M | $754.97M | $831.99M | -$7.31M | $0 |
| Total Liabilities and Equity | $2.16B | $2.04B | $2.03B | $2.09B | $1.96B | $1.77B | $785.86M | $443.31M |
| Supplementary Data | ||||||||
| Total Debt | $1.17B | $940.82M | $985.34M | $992.46M | $909.01M | $812.05M | $679.91M | $0 |
| Net Debt | $1.05B | $884.68M | $933.32M | $919.52M | $867.11M | $765.22M | $664.86M | -$945K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-28 | 2024-12-29 | 2023-12-31 | 2023-01-01 | 2022-01-02 | 2021-01-03 | 2019-12-31 | 2018-12-31 |
| Operating Activities | ||||||||
| Net Income | -$3.3M | $30.74M | -$40.03M | -$14.04M | $8M | -$96.62M | -$13.36M | -$27.64M |
| Depreciation & Amortization | $82.4M | $70.94M | $79.49M | $86.8M | $80.72M | $44.74M | $29.29M | $30.36M |
| Deferred Income Tax | $2.4M | $14.14M | -$8.94M | -$29.36M | $4.83M | $2.63M | $1.95M | $900K |
| Stock-Based Compensation | $17.1M | $18.3M | $17.07M | $10.63M | $12.96M | $0 | $0 | -$1.17M |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | $19.1M | $6.78M | $1.85M | -$5.6M | -$4.53M | $4.83M | $11.54M | -$76K |
| Inventory | -$17.9M | -$4.63M | $12.65M | -$38.49M | -$10.6M | -$6M | $3.48M | $2.93M |
| Accounts Payable | $54.5M | $123.09M | $9.73M | $51.43M | -$5.45M | -$5.34M | $1.18M | $7.51M |
| Other Working Capital | -$8.2M | -$103.46M | -$14.43M | -$18.38M | -$2.93M | -$10.52M | -$1.99M | $583K |
| Total Working Capital Change | $47.5M | $21.78M | $9.8M | -$11.04M | -$23.5M | -$17.03M | $14.21M | $10.95M |
| Other Non-Cash Items | -$33.9M | -$49.73M | $19.25M | $5.2M | -$34.62M | $95.98M | -$4.09M | $2.35M |
| Net Cash from Operating | $112.2M | $106.17M | $76.64M | $48.19M | $48.39M | $29.7M | $27.99M | $15.75M |
| Investing Activities | ||||||||
| Capital Expenditures | -$102.8M | -$98.64M | -$55.72M | -$87.97M | -$33.5M | -$101.38M | -$20M | -$13.04M |
| Acquisitions | $0 | $0 | $0 | -$75K | -$117.58M | -$598.79M | -$137.84M | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $1.7M | $3.94M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $15.9M | $173.6M | $5.53M | $8.04M | $14.98M | -$3.22M | $41.96M | $10.87M |
| Net Cash from Investing | -$86.9M | $74.96M | -$48.49M | -$76.07M | -$136.1M | -$703.4M | -$115.88M | -$2.17M |
| Financing Activities | ||||||||
| Debt Repaid | -$80.6M | $134.63M | $16.1M | -$103.56M | -$29.65M | -$125.97M | $13.89M | $4.25M |
| Common Stock Issuance | $0 | $0 | $0 | $28M | $0 | $124.5M | $123.91M | $0 |
| Common Stock Repurchases | $0 | -$1.4M | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$22.3M | -$21.72M | -$18.55M | -$17.16M | -$11.91M | -$9.38M | -$11.46M | -$10.16M |
| Other Financing Activities | -$19.3M | -$19.06M | -$14.78M | -$19.49M | $29.04M | -$9.56M | -$2.53M | -$1.95M |
| Net Cash from Financing | $39M | -$177.01M | -$49.05M | $58.91M | $82.78M | $231.52M | $96.03M | -$16.37M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $488.43M | $0 | $0 |
| Net Change in Cash | $64.3M | $4.12M | -$20.91M | $31.03M | -$4.93M | $46.25M | $8.14M | -$2.79M |
| Supplementary Data | ||||||||
| Operating Cash Flow | $112.2M | $106.17M | $76.64M | $48.19M | $48.39M | $29.7M | $27.99M | $15.75M |
| Capital Expenditure | -$102.8M | -$98.64M | -$55.72M | -$87.97M | -$33.5M | -$21.72M | -$20M | -$13.04M |
| Free Cash Flow | $9.4M | $7.53M | $20.92M | -$39.77M | $14.89M | $7.97M | $8M | $2.71M |
| Cash at Beginning | $56.1M | $52.02M | $72.93M | $41.9M | $46.83M | $585K | $6.91M | $9.7M |
| Cash at End | $120.4M | $56.14M | $52.02M | $72.93M | $41.9M | $46.83M | $15.05M | $6.91M |