Utz Brands, Inc. reported financial results for the fiscal fourth quarter and full year ended December 28, 2025, showing modest revenue growth, expanded adjusted margins, and the launch of its first share repurchase programme.

For the fourth quarter of 2025, net sales totalled USD 342.2 million, an increase of 0.4% compared with the prior-year period. Organic net sales also increased 0.4%, while branded salty snacks organic net sales rose 2.5%. Reported gross profit margin expanded 50 basis points, and adjusted gross profit margin increased 560 basis points year on year.

The company recorded a net loss of USD 3.3 million in the quarter. Adjusted net income increased 16.0% to USD 37.6 million, while adjusted EBITDA rose 17.5% to USD 62.4 million. Adjusted earnings per share increased 18.2% to USD 0.26.

For the full fiscal year 2025, net sales increased 2.1% to USD 1,438.8 million, with organic net sales up 2.4% and branded salty snacks organic net sales growing 4.7%. Reported gross profit margin declined 130 basis points, while adjusted gross profit margin expanded 260 basis points.

The company reported a net loss of USD 7.7 million for the year. Adjusted net income rose 6.2% to USD 117.1 million, and adjusted EBITDA increased 8.1% to USD 216.5 million. Adjusted diluted earnings per share were USD 0.82, up 6.5%.

Chief Executive Officer Howard Friedman stated:

“2025 was a year of solid progress in a dynamic operating environment. Branded Salty Organic Net Sales increased nearly 5%, driven by the Power Four Brands and Expansion Geographies. We also expanded Adjusted Gross Margin by more than 250 basis points for the full year, with an especially strong performance of 560 basis points in the fourth quarter.”

As of year-end 2025, total liquidity stood at USD 240.1 million, consisting of USD 120.4 million in cash on hand and availability under the company’s revolving credit facility. Net debt was USD 741.8 million, resulting in a net leverage ratio of 3.4x.

The Board of Directors approved the company’s first share repurchase programme, authorising the buyback of up to USD 50 million of Class A common stock.

For fiscal 2026, Utz expects organic net sales growth of 2% to 3%, adjusted EBITDA growth of 5% to 8% including the impact of a 53rd week, and adjusted free cash flow between USD 60 million and USD 80 million. The company anticipates a modest decline in adjusted earnings per share due primarily to higher depreciation, interest expense and tax rates.