Utz Brands reported third‑quarter 2025 financial results, with net sales of $377.8 million, up 3.4% year‑over‑year and organic net sales up 3.4%. Net sales rose from $365.5 million in the same quarter of 2024.
The company posted a net loss of $20.2 million versus a $0.8 million profit in Q3 2024. Adjusted net income increased to $33.5 million, up 13.2% from $29.4 million, and adjusted earnings per share rose to $0.23, up 9.5% from $0.21. Adjusted EBITDA climbed to $60.3 million, an 11.7% increase from $54.0 million in Q3 2024.
Gross profit margin fell 220 basis points to 33.6% due to higher promotional and capacity‑expansion costs, while productivity savings expanded adjusted gross margin by 210 basis points to 41.1%.
Branded Salty Snacks, which accounts for 89% of total sales, grew 5.8% in organic terms. Other segments remained flat or declined slightly, underscoring the strength of the core brand portfolio.
Utz acquired Insignia International’s direct‑store‑delivery distribution assets, adding routes across California and the Midwest. The acquisition accelerates penetration in California, the largest salty‑snack market, where Utz currently holds 1.9% market share.
The company raised its full‑year 2025 organic net sales growth guidance to approximately 3% from 2.5% and reaffirmed an adjusted earnings‑per‑share growth target of 7‑10%. Drivers include strong demand for the Power Four brands, productivity program gains, and expanded distribution.
Management highlighted continued volume share gains, productivity initiatives that have grown from 1% in 2020 to roughly 6% in 2025, and a focus on deleveraging and free cash flow. Commodity and labor cost pressures remain headwinds, but productivity savings offset these impacts.
As of September 28 2025, Utz had $197.7 million in liquidity, net debt of $807.9 million, and a net leverage ratio of 3.9x. Deleveraging efforts and free‑cash‑flow generation remain priorities.
The salty‑snack category declined 0.2% year‑over‑year, but Utz’s branded segment grew 5.8%, achieving nine consecutive quarters of volume share growth.
Utz’s Q3 2025 results demonstrate resilience amid margin compression and strategic expansion.
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