Highlights

  • Net sales for the thirteen weeks ended June 28, 2026 were $371.8 million, compared with $366.7 million in the prior-year period.
  • The net loss was $16.0 million, compared with net income of $10.1 million, and adjusted EBITDA, a non-GAAP measure, was $55.7 million.
  • On July 20, 2026, Utz agreed to be acquired by Intersnack Group for $14.25 per share in cash.
  • The company will not provide a 2026 outlook and expects the transaction to close in the fourth quarter of 2026.

Utz Brands (NYSE: UTZ) shares were trading at USD 14.32 on October 27, 2026, up 0.28%, with a relative volume at time of 3.56. The snack maker issued a voluntary recall of certain Zapp's and Dirty potato chips in May 2026, signed a merger agreement with Intersnack Group on July 20, 2026, and filed its 10-Q for the quarter ended June 28, 2026 on August 5, 2026.

Utz Brands, Inc. is incorporated in Delaware and lists its principal executive offices in Hanover, Pennsylvania, where it was founded in 1921. It manufactures branded salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks and pork skins, under brands such as Utz, On The Border, Zapp's and Boulder Canyon. It operates eight primary manufacturing facilities in the United States and reports one segment. Its fiscal year ends on the Sunday closest to December 31, and fiscal 2026 will end on January 3, 2027.

Second Quarter 2026 Results

For the thirteen weeks ended June 28, 2026, net sales were $371.8 million, an increase of $5.1 million or 1.4%. The company said higher net price realization of 3.6% was offset by a 2.2% reduction from volume/mix. Branded Salty Snacks net sales increased 3.3%, while Non-Branded and Non-Salty Snacks net sales decreased 12.1%, which the company linked to eliminating low margin items.

Gross profit was $96.2 million with a gross profit margin of 25.9%, compared with $95.3 million and 26.0% a year earlier. Selling, general and administrative expenses were $101.3 million, up from $88.0 million, which the company attributed to increased marketing and added capabilities for geographic expansion. The company reported a loss from operations of $5.5 million, compared with income of $6.4 million.

The net loss was $16.0 million, compared with net income of $10.1 million. The net loss attributable to controlling interest was $10.1 million, or $0.11 per basic and diluted share, compared with net income of $10.5 million, or $0.12 per share. Adjusted EBITDA, a non-GAAP measure, was $55.7 million, compared with $48.7 million.

For the twenty-six weeks, net sales were $733.1 million and the net loss was $18.4 million, compared with net income of $15.8 million. Utz said Core Geographies retail volumes were down 6.5% for the thirteen weeks.

Cash, Debt and Recall

Cash and cash equivalents were $58.6 million at June 28, 2026, compared with $120.4 million at December 28, 2025. Net cash used in operating activities for the twenty-six weeks was $0.5 million, and net cash used in financing activities was $31.8 million. The company had $685.1 million of variable rate indebtedness, and its weighted average interest rate for the twenty-six weeks was 6.4%, up from 4.8%.

In May 2026, Utz recalled limited varieties of Zapp's and Dirty potato chips after notification that a seasoning containing dry milk powder from a third-party supplier may contain Salmonella. The company said the affected seasoning batches tested negative before use.

Intersnack Merger and Outlook

Under the merger agreement dated July 20, 2026, each share of Class A Common Stock will be converted into the right to receive $14.25 in cash. The filing describes an enterprise value of approximately $2.9 billion. Utz would become a private company, with Series U and Series R of UM Partners, LLC on one side and Intersnack Group on the other each owning 50%. The Tax Receivable Agreement will terminate in exchange for a payment of $44.0 million.

The company expects the transaction to close in the fourth quarter of 2026, subject to satisfaction of closing conditions. As a result, it will not provide a 2026 outlook and will not hold a conference call on its second quarter results. The merger agreement restricts share repurchases, dividends and certain other actions.