Latest news with #Utz
Business Wire
03-06-2025
- Business
- Business Wire
Utz Brands to Webcast Presentation at the Oppenheimer 25th Annual Consumer Growth and E-Commerce Conference on June 10
HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) ('Utz' or the 'Company'), a leading U.S. manufacturer of branded Salty Snacks and a small-cap value Staples equity, announced today that the Company plans to webcast their presentation at the virtual Oppenheimer 25th Annual Consumer Growth and E-Commerce on June 10, 2025, at 12:45 p.m. ET. The live webcast will be made accessible at the 'Events & Presentations' section of Utz's investor relations website at The replay will be archived online for 90 days. About Utz Brands, Inc. Utz Brands, Inc. (NYSE: UTZ) manufactures a diverse portfolio of savory snacks through popular brands, including Utz®, On The Border® Chips & Dips, Zapp's®, and Boulder Canyon®, among others. After over a century with a strong family heritage, Utz continues to have a passion for exciting and delighting consumers with delicious snack foods made from top-quality ingredients. Utz's products are distributed nationally through grocery, mass merchandisers, club, convenience, drug, and other channels. Based in Hanover, Pennsylvania, Utz has multiple manufacturing facilities located across the U.S. to serve our growing customer base. For more information, please visit the Company's website or call 1‐800‐FOR‐SNAX. Investors and others should note that Utz announces material financial information to its investors using its Investor Relations website, U.S. Securities and Exchange Commission (the 'Commission') filings, press releases, public conference calls, and webcasts. Utz uses these channels, as well as social media, to communicate with our stockholders and the public about the Company, the Company's products, and other Company information. It is possible that the information that Utz posts on social media could be deemed to be material information. Therefore, Utz encourages investors, the media, and others interested in the Company to review the information posted on the social media channels listed on Utz's Investor Relations website.
Yahoo
24-05-2025
- Lifestyle
- Yahoo
I Tried the New Limited-Edition Utz Flavor, and They're The Best Potato Chips I've Ever Had
This article may contain affiliate links that Yahoo and/or the publisher may receive a commission from if you buy a product or service through those links. As soon as summer comes around, a tall glass of ice-cold lemonade goes straight back into my drinking routine (truly nothing better than it on a hot day!). While chips are an evergreen snack on my roster — and usually eaten alongside that glass of lemonade — I've never thought to literally put them together. But that's exactly what Utz did with its latest Lemonade Potato Chips (yes, you read that right). Just when I thought there couldn't possibly be any more chip ideas. Utz didn't just launch this chip for fun. The brand has partnered with Alex's Lemonade Stand Foundation to donate a portion of each bag sold to its efforts in funding critical research and support for children battling cancer. I can't think of a better reason to break open a bag. This limited-edition flavor is available through August, while supplies last, online at Amazon and Instacart, as well as in stores at retailers nationwide like Walmart. Utz will donate 9 cents from every bag sold up to a maximum of $25,000 to Alex's Lemonade Stand Foundation for Childhood Cancer, according to the brand's website. Walmart $3 (was $3) Buy Now The chips feature Utz classic wafer-thin, crispy potatoes that are dusted with a lemonade seasoning. They are sold in 7.75- ounce bags and, to my mind, are the first lemonade-flavored chips on shelves. I was thrilled to try them. Going into this chip, I thought that it would be a dessert chip (kind of like a cinnamon-sugar snack?) because of the sweetness I usually associate with lemonade. After one bite, I was surprised — in the best way possible. I've never tasted anything like it. There is absolutely a sweetness to these chips, but they aren't nearly as sweet as I had expected and still very much a classic salty chip. The best way that I could describe it is if you had a salt and vinegar chip with a touch of lemon sugar? Wonderful! These chips are also incredibly thin and crunchy — I could easily see my friends and I go through a bag quickly (if I decide to share them, that is). It's tangy, sweet, salty, and I will be stocking up on several bags before they're gone for Utz Lemonade Potato Chips, $2.50 for 7.75 ounces at WalmartWould you try this chip combination? Tell us about it in the comments below. Sign up for The Weekly Checkout to get the most up-to-date grocery news, tips, and highlights. Subscribe to The Kitchn! The 'Beautiful' $3 Flower Tumblers at Walmart People Are Buying 2 at a Time The One Cookware Brand That Gordon Ramsay Can't Stop Talking About Do Water Filters Really Work — And Which Ones Are the Best? Sign up for The Kitchn's Daily newsletter to receive our best recipes, posts, and shopping tips in your inbox.
Yahoo
15-05-2025
- Business
- Yahoo
UTZ Q1 Earnings Call: Bonus Packs Drive Growth, Boulder Canyon Expands Distribution
Snack food company Utz Brands (NYSE:UTZ) announced better-than-expected revenue in Q1 CY2025, with sales up 1.6% year on year to $352.1 million. Its non-GAAP profit of $0.16 per share was in line with analysts' consensus estimates. Is now the time to buy UTZ? Find out in our full research report (it's free). Revenue: $352.1 million vs analyst estimates of $350.2 million (1.6% year-on-year growth, 0.6% beat) Adjusted EPS: $0.16 vs analyst estimates of $0.15 (in line) Adjusted EBITDA: $64.51 million vs analyst estimates of $44.79 million (18.3% margin, 44% beat) Operating Margin: 1.6%, down from 2.8% in the same quarter last year Free Cash Flow was -$59.01 million compared to -$22.7 million in the same quarter last year Organic Revenue rose 2.9% year on year (1.5% in the same quarter last year) Market Capitalization: $1.09 billion Utz's first quarter results reflected the impact of targeted promotional strategies and channel expansion, as management focused on leveraging bonus pack promotions and expanding distribution in both core and new geographies. CEO Howard Friedman emphasized that strong performance in untracked channels, such as the natural and discount segments, was supported by improved operations at the new Rice distribution center, which consolidated several warehouses and enhanced shipment efficiency. Looking ahead, Utz's leadership pointed to innovation and further distribution gains as key elements of their forward strategy. Friedman acknowledged that the bonus pack program was a temporary value offering and will wind down as the company shifts focus toward innovation, marketing, and maintaining fair pricing. He noted, 'We will continue to look at ways to address value as we go forward,' signaling flexibility in response to consumer and competitive trends. Utz's management highlighted several business drivers and strategic moves affecting Q1 performance, while addressing the evolving consumer landscape and competitive environment. Untracked channel momentum: The company experienced substantial growth in natural, discount, and club channels, which are not fully captured in traditional retail data. This expansion was aided by streamlined operations at the Rice distribution center, improving shipment timing and throughput. Bonus pack promotions: Volume share gains in core geographies were driven by the limited-time bonus pack initiative, which provided added value to consumers while serving as a trial mechanism in new expansion markets. Management confirmed the program will wind down as summer approaches. Boulder Canyon brand expansion: Boulder Canyon continued to perform well, benefiting from increased distribution and new product launches such as Canyon Poppers and a wavy chip line. Management reported that both distribution and velocity (sales per point of distribution) increased, particularly in the natural channel. On The Border innovation: The On The Border brand saw further growth through expanded flavored tortilla chip offerings and additional distribution, with management identifying further white space for new products and formats. Channel diversification and consumer behavior: Utz observed resilient demand from value-seeking consumers across premium and value product lines. Management attributed this to a combination of targeted merchandising, product innovation, and adapting to shifting consumer preferences in both mainstream and value channels. Management's outlook for the coming quarters centers on innovation, distribution expansion, and adapting to consumer value-seeking trends, while navigating increased competition and evolving category dynamics. Innovation and product launches: The company plans to emphasize new product development, particularly within Boulder Canyon and On The Border, aiming to capture incremental growth as consumer interest in natural and flavored snacks rises. Distribution gains in core and new markets: Continued expansion into underpenetrated markets and increased presence in conventional grocery and natural channels are expected to support revenue growth, with management citing significant remaining white space. Shift from promotional to marketing investment: As the bonus pack promotion winds down, Utz will refocus on marketing and innovation to drive volume and maintain pricing discipline, acknowledging potential risks if consumer value preferences or competitive dynamics shift unexpectedly. Andrew Lazar (Barclays): Asked about the discrepancy between flat retail sales and reported organic growth; management cited strong results in untracked channels and clarified revenue recognition timing, indicating there was no pull-forward. Peter Galbo (Bank of America): Inquired about the impact of bonus pack promotions on price and volume; CFO Ajay Kataria confirmed most price investment was linked to bonus packs, with limited ongoing price cap investments. Michael Lavery (Piper Sandler): Sought insight on growth expectations for non-branded and partner brands; management stated partner brands are expected to decline gradually as Utz-branded products increase their share on distribution routes. Jim Salera (Stephens Inc.): Asked about household overlap between premium Boulder Canyon and value-oriented Utz brands; CEO Howard Friedman explained Boulder Canyon skews toward affluent, health-oriented consumers while Utz targets mainstream households, with some expected overlap. Scott Marks (Jefferies): Questioned whether bonus pack-driven share gains could continue if consumer sentiment weakens; management reiterated willingness to revisit the program as needed but stressed innovation and marketing as primary drivers moving forward. In the coming quarters, the StockStory team will be monitoring (1) the impact of winding down bonus pack promotions on volume and pricing mix, (2) Boulder Canyon's progress in gaining shelf space and consumer traction across new channels, and (3) the effectiveness of innovation and marketing initiatives as Utz shifts away from promotional-driven growth. Sustained gains in distribution and household penetration will be critical markers of execution. Utz currently trades at a forward P/E ratio of 14.4×. In the wake of earnings, is it a buy or sell? Find out in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
Yahoo
13-05-2025
- Yahoo
Dad's ‘Greatest Joy' Was Spending Time with His Kids. He Died After Falling Through Skylight at Chip Factory
A 34-year-old subcontractor died while installing scaffolding on the roof of an Utz factory in Hanover, Pa. on May 2 The young father, Trever Staten, fell 30 to 34 feet through a skylight and died of his injuries, the coroner's office said His funeral service was scheduled for May 12 A 34-year-old dad has died after falling over 30 feet through a skylight while working as a subcontractor at the Utz Chip factory. Trever Staten was working as a subcontractor and was helping set up scaffolding to fix the roof of Utz Quality Foods in Hanover, Penn., on Friday, May 2, when the fatal accident occurred, the York County Coroner's Office said in a statement. 'For an unknown reason, it appears that the decedent was on the roof and fell through a skylight, falling to a loading dock area below, approximately 30-34 feet,' the coroner's office said. Staten was transported to a local hospital but died of his injuries. The manner of death was ruled an accident, and the coroner's office said Staten died of blunt force injuries related to the fall. Both the Hanover Borough Police Department and the Occupational Safety and Health Administration (OSHA) are investigating the incident, the coroner's office said. The agency had no further information to add when contacted by PEOPLE. Utz, the Hanover Borough Police Department and OSHA did not immediately respond to PEOPLE's requests for comment. Never miss a story — sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. Staten was a loving father, according to his obituary. He is survived by two sons and two stepchildren, as well as a large extended family. The dad was a fan of fishing, grilling and playing PlayStation 5, but his kids were his main focus. 'Trever was a football coach for his son's youth league,' his obituary read. 'Trever's greatest joy was spending time with his kids.' His funeral service was scheduled for Monday, May 12. Read the original article on People
Yahoo
11-05-2025
- Health
- Yahoo
8 Potato Chip Recalls That Haunt Shoppers
Few pantry items spark as much craving as the classic and delicious potato chip. With a diverse range of flavors like barbecue, kettle-cooked, salt and vinegar, and more, potato chips have evolved into a versatile food item. Crispy, salty, and endlessly snackable, there is a reason why millions of people eat potato chips every year. However, some major potato chip recalls have tainted the image of the brands that help create this satisfying snack for customers around the world. Over the years, several major recalls have sent shockwaves through the snack aisle, leading loyal chip lovers to doubt their purchases. From undeclared allergens to salmonella contaminations to glass pieces found inside bags, these recalls have left customers wondering what they are truly putting in their mouths. In this article, we're diving into some of the most infamous and unsettling potato chip recalls; some so bad they still haunt customers and these companies today. Read more: 11 Foods You Might Want To Avoid Buying At Aldi In January 2024, Utz Quality Foods faced a major scandal when it made a significant labeling error for one of its popular potato chip products. Eighty-eight cases of Utz's 2.75-ounce bags of Wavy Original Potato Chips were recalled after it was discovered that the product contained an undeclared milk allergen. According to reports on this recall, around 1,200 of these single-serving bags were accidentally flavored with a seasoning that contained milk when they were meant to remain plain. This error posed a serious threat to individuals who are allergic or sensitive to milk because this product could create a reaction upon consumption. This recall only affected New York state, primarily New York City. Utz encouraged customers to discard all affected products to help prevent any outbreaks. Thankfully, no illnesses were reported from this manufacturing mix-up. This situation is a startling reminder that missteps like these are still happening now and that consumers can never be completely sure about the labels on their favorite foods. In another recent scandal, the major chip company Frito-Lay found itself dealing with a major recall of its iconic Lay's Classic Potato Chip products. In December of last year, the company announced that 5,154 pounds of these chips needed to be pulled from shelves in Oregon and Washington after a consumer contacted the company with a concern. The reason for the concern was an undeclared milk allergen discovered in a limited number of the 13-ounce bags of these chips. Given the popularity of Lay's chips, this error sparked immediate concern from more customers and food safety officials. The chips had already made their way to retail shelves, making this recall difficult to control. Fortunately, no allergic reactions related to this recall were reported. Because Lay's is one of the most popular and iconic chip brands, this incident did drum up some negative press. Recalls like this one can easily affect consumer trust and make some second-guess the products they consume without a thought of any potential danger. In August 2021, Ballreich Snack Food Co. of Tiffin, Ohio, was forced to recall its popular Bar-B-Q Potato Chips after a salmonella contamination was discovered. The company was alerted by a supplier that an ingredient used in the chip seasoning had been tainted with Salmonella, a common and dangerous bacterial disease found in a variety of foods. The affected products included their 1.5 oz, 2.75 oz, and 7 oz bags of Bar-B-Q Potato Chips, which were distributed in Ohio, Michigan, and Indiana. This recall was taken very seriously due to the incredible potential harm of a salmonella infection. When children, the elderly, or any vulnerable person is exposed to salmonella, an infection can be severe and potentially fatal. Symptoms such as a fever, diarrhea, nausea, and bodily pain can occur at varying extremes after contamination. Thankfully, no illnesses were reported in connection with this outbreak. Salmonella is a serious bacterial disease, and this scare was certainly difficult for customers of Ballreich Snack Food Co. to forget. In 2017, Frito-Lay made headlines for a massive recall of its popular jalapeño-flavored potato chips. Both the Jalapeño Flavored Lay's Kettle Cooked Potato Chips and the Jalapeño Flavored Miss Vickie's Kettle Cooked Potato Chips were voluntarily pulled after salmonella was discovered in the seasoning used for these chip varieties. As mentioned, salmonella can be extremely dangerous for vulnerable groups, which made this recall urgent for Frito-Lay. What makes this recall so infamous is the size and scale of the recall: 54,337,303 units of these products were recalled due to this exposure. As part of this recall process, Frito-Lay worked with the U.S. Food and Drug Administration to ensure that this massive quantity of these products was removed from store shelves and kept out of the mouths of unassuming customers. Although no illnesses were reported from this incident, this case became infamous due to the significant size and scale of this recall. In another major recall, Frito-Lay was left to recall 5,232 pounds of their All Dressed Flavored Potato Chips after an undeclared ingredient was discovered in this item. This voluntary recall, which happened in May 2021, was initiated after it was discovered that certain bags of Ruffles All Dressed Potato Chips were accidentally filled with other flavors of potato chips, exposing unsuspecting consumers to milk in the process. Not only were consumers getting flavors of chips that they did not ask for, but this situation also could have been incredibly dangerous for individuals with milk allergies, who can only eat dairy-free foods. Consuming these affected chips could lead to serious allergic reactions, which is why Frito-Lay issued this recall. Thankfully, no reactions were reported from this product mix-up. This incident once again highlights just how important stringent quality control measures are in food manufacturing, especially for a company as big as Frito-Lay. In July 2018, Utz Quality Foods, a company known for its delicious and unique chip flavors, faced another voluntary recall after several batches of their Carolina Style Barbeque Potato Chips were found to include an undeclared allergen. The recall affected approximately 96,279 bags distributed across 30 states, which made this recall difficult to control and enact. The spread and scale of this recall caught the attention of customers nationwide. The allergen discovered in this product was soy, a serious allergen that is one of the top 14 allergens worldwide. The failure to label the presence of soy on these packages could have put someone at serious risk if they consumed it unknowingly. Because of this, customers who purchased this product were encouraged to discard it right away to avoid any potential exposure. While no reactions were reported, the severity of this recall has not gone unremembered by customers as the years have passed. In November 2020, the Canadian branch of the beloved Miss Vickie's chips brand had to issue a widespread recall of several variations of their famous Kettle Cooked Potato Chips after glass was discovered inside some of the product's packaging. The Canadian Food Inspection Agency (CFIA) reported that select bags of these potato chips sold in New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Quebec, and online were potentially affected. The flavors that were recalled included Applewood Smoked BBQ, Jalapeño, Original Recipe, Sea Salt & Malt Vinegar, Spicy Dill Pickle, Sweet Chili & Sour Cream, Sweet Southern BBQ, and assorted multipacks. The recall gained attention for how unique it was and how dangerous this situation could have been. No injuries were reported from the consumption of any of these chips, but this recall still lives on in the memories of customers. While customers have emerged mostly unscathed from these other major recalls, this recall did stem from a tragic incident involving a child. Texas-based chip company Paqui shelved a special edition chip sold as the "One Chip Challenge," which was designed to be an extremely spicy eating experience, when a 14-year-old boy died after eating the chip. While the specific nature of his death is not publicly confirmed, it is believed that the chip's high capsaicin content could have played a part. This viral challenge was a sobering reminder of the dangers of many food-based challenges online. High levels of capsaicin can be dangerous for anyone, especially children or those who may have underlying health conditions. In response to this immense tragedy and in an effort to ensure no further harm, Paqui announced it would no longer sell or create this product. This incident and the others on this list may have passed now, but the memory of them will surely live on in the minds of shoppers. Hungry for more? 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