earnings
confidence high
sentiment neutral
materiality 0.75
Utz Q2 net sales up 2.9%, Branded Salty Snacks +5.4%; raises organic outlook; to close Grand Rapids plant
Utz Brands, Inc.
2025-Q2 EPS reported
$0.21
revenue$718,800,000
- Q2 net sales $366.7M (+2.9% YoY); Branded Salty Snacks organic +5.4%; GAAP EPS $0.12 vs $0.23; adj EPS $0.17 vs $0.19.
- Adj EBITDA fell 2.0% to $48.7M; adj gross margin expanded 220bps to 39.8%.
- Raises FY2025 organic net sales growth to 2.5%+ (from low-single digits); adj EBITDA growth 7-10% (from 6-10%); lowers adj EPS growth to 7-10% due to higher interest/D&A.
- Announces consolidation of manufacturing footprint from 8 to 7 primary plants with closure of Grand Rapids, MI facility; expects H2 2025 cost savings.
- CFO Bill Kelley relinquishes principal accounting officer role; VP Controller Ryan Tewey designated effective Aug 15, 2025.
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