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Mar 30, 2025
Utz Q1 2025 Earnings Report
Utz Brands, Inc. reported a strong start to the year with increased net sales, net income, and adjusted EBITDA, driven by organic net sales growth and productivity savings.
Key Takeaways
Utz Brands, Inc. announced its first fiscal quarter 2025 results, reporting a 1.6% increase in net sales to $352.1 million and a significant 137.5% increase in net income to $5.7 million. Adjusted EBITDA grew by 3.9% to $45.1 million, and adjusted earnings per share increased by 14.3% to $0.16. The company achieved nearly 3% organic net sales growth and gained dollar and pound share in the Salty Snacks category.
Net Sales increased 1.6% to $352.1 million, with Organic Net Sales up 2.9%.
Net Income surged 137.5% to $5.7 million, and Adjusted Net Income increased 7.2% to $22.3 million.
Adjusted EBITDA grew 3.9% to $45.1 million, with Adjusted EBITDA Margin expanding by 30 basis points.
Adjusted Earnings Per Share increased 14.3% to $0.16, driven by operating earnings growth and lower interest expense.
Forward Guidance
Utz Brands, Inc. reaffirmed its full-year 2025 guidance, expecting low-single digit organic net sales growth, 6% to 10% adjusted EBITDA growth, and 10% to 15% adjusted earnings per share growth.
Positive Outlook
- Organic Net Sales growth of low-single digits, led by continued Branded Salty Snacks growth, particularly the Power Four Brands.
- Less decline in Non-Branded & Non-Salty Snacks.
- Adjusted EBITDA growth of 6% to 10%.
- Adjusted EBITDA Margin expansion of approximately 100bps, fueled by strong productivity cost savings and improved product mix.
- Adjusted Earnings Per Share growth of 10% to 15%, led by increased operating earnings and lower interest expense.
Challenges Ahead
- Quantitative reconciliations for forward-looking non-GAAP financial measures are not available due to high variability, complexity, and low visibility.
- The variability of excluded items may have a potentially unpredictable and significant impact on future financial results.
Historical Earnings Impact
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