earnings
confidence high
sentiment neutral
materiality 0.70
Utz Q1 net sales up 2.6% to $361.3M; adjusted EBITDA up 6.2%; reaffirms FY2026 guidance
Utz Brands, Inc.
2026-Q1 EPS reported
-$0.02
revenue$361,300,000
- Net sales $361.3M (+2.6% YoY); organic net sales +2.6%; branded salty snacks organic +5.2%.
- GAAP net loss $(2.4)M vs $5.7M income prior year; adjusted net income $21.3M (-4.5%); adjusted EPS $0.15 (-6.3%).
- Adjusted EBITDA $47.9M (+6.2%); margin expanded 50bps to 13.3%.
- Cash from ops improved to $(12.2)M from $(20.2)M; net leverage ratio improved 0.4x to 3.6x.
- Reaffirms FY2026 guidance: organic net sales growth 2-3%, adj. EBITDA growth 5-8%, adj. FCF $60-80M.