Earnings Releases·Nov 6, 2026, 6:36 AM ET

Utz Brands — Third Quarter 2026 Earnings Summary

Net Sales decreased 2.3% year-over-year to $369.2 million, while Adjusted Net Income and Adjusted EPS declined 57.6% and 56.5% respectively to $14.2 million and $0.10, driven by a 320 basis point drop in Gross Profit Margin to 21.0% and elevated SG&A expenses.
The Company will not provide 2026 forward-looking guidance or host a conference call due to the pending take-private transaction, which remains subject to closing conditions including a special stockholder meeting on November 13, 2026.
A definitive agreement was reached on July 20, 2026, for Intersnack Group subsidiaries to acquire all outstanding Class A Common Stock for $14.25 per share in cash, resulting in a 50/50 ownership split between Intersnack Group and the Rice and Lissette Family Entities upon closing.
Operational headwinds included a 5.2% volume/mix reduction and significant supply chain cost inflation, though Branded Salty Snacks Organic Net Sales grew 0.3% and the "Power Four Brands" saw a 2.1% retail sales increase.
Liquidity stood at $153.8 million with a Net Leverage Ratio of 3.9x, while Adjusted Free Cash Flow turned negative to $(15.5) million for the quarter due to transaction costs, supply chain transformation expenses, and capital expenditures.