Utz Brands, Inc. (NYSE: UTZ) opened Wednesday trading little changed. The company, a leading U.S. manufacturer of branded Salty Snacks and a small-cap growth and value Staples equity, today reported financial results for the Company’s second fiscal quarter ended June 28, 2026.
2Q’26 Summary
• Net Sales increased 1.4% to $371.8 million
• Total Organic Net Sales increased 1.4%; Branded Salty Snacks Organic Net Sales increased 3.3%
• Gross Profit Margin decrease of 10bps
• Adjusted Gross Profit Margin expansion of 150bps
• Net Income decreased to $(16.0) million
• Adjusted Net Income increased 14.8% to $27.1 million
• EBITDA decreased 55.5% to $17.4 million
• Adjusted EBITDA increased 14.4% to $55.7 million
• Diluted Earnings Per Share decreased to $(0.11)
• Adjusted Earnings Per Share increased 11.8% to $0.19
• Cash Flow Provided by Operations was $11.7 million
• Adjusted Free Cash Flow improved to $(0.7) million
• Net Leverage Ratio improved and decreased 0.6x to 3.5x
“We delivered another quarter of solid growth in net sales and Adjusted EBITDA, led by 3.3% Branded Salty Snacks growth,” said CEO Howard Friedman.
“I was pleased with our execution in the quarter and the business performance through the first half, including the continued year-over-year improvement in adjusted free cash flow and net leverage.”
UTZ shares gained three cents to $14.15.
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