Utz Brands Q3 sales miss estimates on inflation, weaker demand
UTZ•Utz Brands reported Q3 sales of $369.2 million, down 2.3% and below the $384.6 million analyst estimate. Adjusted EPS fell 56.5% to $0.10, missing the $0.23 estimate.
1. Quarterly results
Utz Brands said Q3 organic net sales fell as volume and mix declined 5.2%, partly offset by higher prices. Supply chain cost inflation and channel mix weighed on adjusted gross margin, which was 27.2%; higher SG&A expenses were primarily related to the pending take-private transaction. The company expects the transaction to close in Q4 2026 and will not provide further updates to its 2026 guidance.
