Utz Brands, Inc. (NYSE: UTZ) has reported its financial results for the fiscal fourth quarter and full year ended December 28, 2025. In the fourth quarter of 2025, the company saw a 0.4% increase in net sales to $342.2 million, with organic net sales also increasing by 0.4%. Branded salty snacks organic net sales increased by 2.5% during this period.
The company reported a gross profit margin increase of 50 basis points and an adjusted gross profit margin increase of 560 basis points in the fourth quarter. Despite this, net income decreased to $(3.3) million, but adjusted net income increased by 16.0% to $37.6 million. EBITDA decreased by 38.4% to $25.0 million, while adjusted EBITDA increased by 17.5% to $62.4 million. Diluted earnings per share decreased to $(0.03), but adjusted earnings per share increased by 18.2% to $0.26.
For the full fiscal year 2025, net sales increased by 2.1% to $1,438.8 million, with organic net sales increasing by 2.4%. Branded salty snacks organic net sales increased by 4.7%. The company reported a gross profit margin decline of 130 basis points, but an adjusted gross profit margin expansion of 260 basis points. Net income decreased to $(7.7) million, while adjusted net income increased by 6.2% to $117.1 million. EBITDA decreased by 33.0% to $122.7 million, and adjusted EBITDA increased by 8.1% to $216.5 million. Diluted earnings per share decreased to $0.01, but adjusted earnings per share increased by 6.5% to $0.82.
Looking ahead to fiscal year 2026, the company expects organic net sales growth in the range of 2% to 3% and adjusted EBITDA growth of 5% to 8%, including the impact of a 53rd week. Adjusted free cash flow is expected to be in the range of $60 to $80 million.
Utz Brands reported total liquidity of $240.1 million as of December 28, 2025, consisting of cash on hand of $120.4 million and $119.7 million available under the company’s revolving credit facility. The company had a net debt of $741.8 million, resulting in a net leverage ratio of 3.4x based on trailing twelve months adjusted EBITDA of $216.5 million.
Additionally, Utz Brands announced its first share repurchase program for up to $50 million of the company’s class A common stock on February 10, 2026.
For more details, the company has made available a pre-recorded management discussion of its 2025 results on its website and will host a live question and answer session with analysts.
Utz Brands, Inc. manufactures savory snacks through popular brands, including Utz, On The Border, Zapp’s, and Boulder Canyon, distributed nationally through various channels. As a result of these announcements, the company's shares have moved -1.15% on the market, and are now trading at a price of $10.29. For more information, read the company's full 8-K submission here.
