Utz Brands, Inc.UTZEarnings & Financial Report
Utz Brands, Inc., more commonly known as Utz, is an American snack food company based in Hanover, Pennsylvania. The company produces a variety of potato chips, pretzels, and other snacks, with most products sold under their family of brands. Utz is also a snack supplier to warehouse clubs and merchandisers.
UTZ Q4 FY2024 Key Financial Metrics
Revenue
$341.0M
Gross Profit
$87.1M
Operating Profit
$7.2M
Net Profit
$2.3M
Gross Margin
25.5%
Operating Margin
2.1%
Net Margin
0.7%
YoY Growth
-3.1%
EPS
$0.04
Utz Brands, Inc. Q4 FY2024 Financial Summary
Utz Brands, Inc. reported revenue of $341.0M (down 3.1% YoY) for Q4 FY2024, with a net profit of $2.3M (up 108.3% YoY) (0.7% margin). Cost of goods sold was $253.9M, operating expenses totaled $79.9M.
Key Financial Metrics
| Total Revenue | $341.0M |
|---|---|
| Net Profit | $2.3M |
| Gross Margin | 25.5% |
| Operating Margin | 2.1% |
| Report Period | Q4 FY2024 |
Utz Brands, Inc. Annual Revenue by Year
Utz Brands, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $1.4B).
| Year | Annual Revenue | |
|---|---|---|
| 2024 | $1.4B | — |
| 2023 | $1.4B | — |
| 2022 | $1.4B | — |
| 2021 | $1.2B | — |
Utz Brands, Inc. Quarterly Revenue & Net Profit History
Utz Brands, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2024 | $341.0M | -3.1% | $2.3M | 0.7% |
| Q3 FY2024 | $365.5M | -1.7% | $-2.2M | -0.6% |
| Q2 FY2024 | $356.2M | -1.8% | $19.8M | 5.6% |
| Q1 FY2024 | $346.5M | -1.4% | $-4.0M | -1.2% |
| Q4 FY2023 | $352.1M | -0.7% | $-27.6M | -7.9% |
| Q3 FY2023 | $371.9M | +2.5% | $16.0M | 4.3% |
| Q2 FY2023 | $362.9M | +3.6% | $-4.1M | -1.1% |
| Q1 FY2023 | $351.4M | +3.1% | $-9.1M | -2.6% |
Income Statement
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $351.4M | $362.9M | $371.9M | $352.1M | $346.5M | $356.2M | $365.5M | $341.0M |
| YoY Growth | 3.1% | 3.6% | 2.5% | -0.7% | -1.4% | -1.8% | -1.7% | -3.1% |
Balance Sheet
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.82B | $2.84B | $2.80B | $2.75B | $2.63B | $2.65B | $2.64B | $2.72B |
| Liabilities | $1.39B | $1.42B | $1.36B | $1.36B | $1.24B | $1.24B | $1.26B | $1.34B |
| Equity | $692.0M | $688.5M | $705.9M | $669.5M | $671.1M | $686.0M | $685.7M | $696.9M |
Cash Flow
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-8.4M | $4.1M | $53.4M | $27.5M | $-9.1M | $8.9M | $52.2M | $54.2M |