Quarterly ResultMay 6, 2026, 06:42 AM
Utz Brands Q1 Net Sales $361.3M, Adj. EBITDA $47.9M; Reaffirms FY26 Guidance
AI Summary
Utz Brands, Inc. reported its first fiscal quarter 2026 financial results, with Net Sales increasing 2.6% to $361.3 million and Adjusted EBITDA growing 6.2% to $47.9 million. The company experienced a Net Loss of $(2.4) million, while Adjusted Net Income decreased 4.5% to $21.3 million. Management highlighted solid Branded Salty Snacks growth of 5.2%, significant improvement in cash metrics, and a reduced Net Leverage Ratio to 3.6x. Utz Brands also reaffirmed all aspects of its full-year 2026 guidance.
Key Highlights
- Net Sales increased 2.6% to $361.3 million.
- Adjusted EBITDA increased 6.2% to $47.9 million.
- Net Loss was $(2.4) million, compared to Net Income of $5.7 million in prior year.
- Adjusted Net Income decreased 4.5% to $21.3 million.
- Adjusted Earnings Per Share decreased 6.3% to $0.15.
- Adjusted Free Cash Flow improved to $(25.9) million from $(58.2) million.
- Net Leverage Ratio improved by 0.4x to 3.6x.
- Reaffirmed FY26 Organic Net Sales growth guidance of 2% to 3% and Adjusted EBITDA growth of 5% to 8%.