| Metric | Value ($ M) | Q1 FY26 |
|---|---|---|
| Revenue | 361.30 | 2.6% |
| Total Income | 361.30 | 2.6% |
| Expenditure | 353.50 | 2.0% |
| PBT | -1.80 | 135.6% |
| Net Profit | -1.70 | 122.7% |
| OPM | 2.16% | 0.55pp |
| NPM | -0.47% | 2.60pp |
| EPS | -0.02 | 122.2% |
Utz Brands Reports Q1 2026 Results: Net Sales Increase 2.6%
06 May 2026 · 6 May, 4:12 pm
Summary
Utz Brands reported a 2.6% increase in Net Sales, reaching $361.3 million for the first quarter of 2026. Branded Salty Snacks Organic Net Sales grew by 5.2%. The company saw Gross Profit Margin expansion of 200bps and Adjusted Gross Profit Margin expansion of 210bps. Adjusted EBITDA increased by 6.2% to $47.9 million. The company is reaffirming all aspects of its 2026 guidance.
Key Highlights
- 1
Net Sales increased by 2.6% to $361.3 million in the first quarter of 2026.
- 2
Branded Salty Snacks Organic Net Sales increased by 5.2% during the quarter.
- 3
Gross Profit Margin expanded by 200bps, while Adjusted Gross Profit Margin expanded by 210bps.
- 4
Adjusted EBITDA increased by 6.2% to $47.9 million in the first quarter.
- 5
Adjusted Earnings Per Share decreased by 6.3% to $0.15.
- 6
The company reaffirms all aspects of its 2026 guidance.
- 7
Net Leverage Ratio improved and decreased 0.4x to 3.6x.
Management Comments
Howard Friedman
I’m pleased with our solid start to the year, as we delivered 2.6% Net Sales growth and 5.2% Branded Salty Snacks growth, gained dollar share in the Salty Snacks category(2), and continued to expand Adjusted EBITDA margins. Mr. Friedman continued, “The category has demonstrated signs of continued improvement with solid growth in the first quarter. Looking ahead to the remainder of 2026, we expect it to remain a dynamic operating environment and we are committed to our playbook of driving Branded Salty Snacks growth, generating productivity, and reinvesting in marketing and geographic expansion. We believe the flexibility of our model will allow us to succeed in an evolving consumer and category backdrop.”
BK Kelley
Adjusted Free Cash Flow improved sharply in the first quarter with our focus on working capital management and normalizing capital expenditures. Leverage at 3.6x was down considerably from a year ago, and we expect leverage to improve further as we progress through 2026. We are reaffirming all aspects of our 2026 guidance.”
Informational and educational content only. Not investment advice.