Quarterly ResultNov 6, 2026, 06:41 AM
Utz Brands Q3 Net Sales Down 2.3% to $369.2M; Take-Private Deal Nears
AI Summary
Utz Brands announced its third quarter 2026 financial results, reporting a 2.3% decrease in net sales to $369.2 million and an increased net loss of $32.1 million. The company's results were impacted by industry headwinds, including inflation and a weaker consumer. A significant development is the ongoing take-private transaction with Intersnack Group, expected to close in the fourth quarter of 2026, which will result in Utz becoming a private company. Due to this transaction, Utz will not provide its 2026 outlook or host a conference call.
Key Highlights
- Utz Brands reported Q3 2026 Net Sales of $369.2 million, a decrease of 2.3% year-over-year.
- Net Loss increased to $32.1 million in Q3 2026, compared to $20.2 million in Q3 2025.
- Adjusted EBITDA decreased 30.3% to $42.0 million in Q3 2026.
- Gross Profit Margin declined to 21.0% in Q3 2026 from 24.2% in the prior year period.
- The company is proceeding with its take-private transaction with Intersnack Group, expected to close in Q4 2026.
- Utz Brands will not provide 2026 outlook or hold a conference call due to the pending transaction.
Price Impact
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