Utz Brands, Inc.

utzsnacks.com

What Do They Do?

Makes branded salty snacks—including potato chips, tortilla chips and pretzels—for grocery, mass-market and club retailers.

How Do They Make Money?

Retailers and other customers buy snack products, with shipping and handling included in their bill. Payment is due on a short-term basis, and Utz delivers the goods to the customer.

FY2025 revenue

Who Are Their Customers?

Retailers buy through direct shipments, Utz’s store-delivery network and third-party distributors. Some national mass, club and grocery retailers receive shipments at their distribution centers and handle delivery to their stores.

Customers above 10% of revenue, FY2025

of revenue from one customer

FY2023: 13% from one customer

Do Revenues Turn Into Profits?

Yes. It kept less than a cent of every revenue dollar as net income in FY2025 and turned 1 cent into free cash flow.

Operating income, FY2025

1% of revenue

▼ −67% vs FY2024 ($58.9M, 4%)

Net income, FY2025

0% of revenue

▼ −95% vs FY2024 ($15.9M, 1%)

Free cash flow, FY2025

1% of revenue

▲ +24% vs FY2024 ($7.6M, 1%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 28, 2026

Revenue: ▲ +1%; vs $366.7M in Q2 FY2025
Net income: ▼ Now a loss; vs $10.5M in Q2 FY2025

Jul 22, 2026 Utz agreed to merge with Intersnack and go private Intersnack will acquire Utz for $14.25 per Class A share in cash.

Growing. Revenue grew 22% in 4 years, from $1.2B in FY2021 to $1.4B in FY2025, about 5% a year.

Brand portfolio divestitures The older report listed Good Health and R.W. Garcia among its brands; the latest report says it sold both brands and related facilities to Our Home.

Boulder Canyon product expansion The older report described Boulder Canyon as a potato-chip brand; the latest report says it expanded into tortilla chips.

Who Do They Compete With?

Competes with PepsiCo, Campbell’s, Mars, General Mills, Grupo Bimbo, Hershey’s, Hain Celestial, and Arca Continental

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