Utz Brands Q2 EPS Misses, Intersnack Deal Set for Q4 Close
UTZ has more than doubled off its 52-week low of $6.78.
Summary
Utz Brands reported Q2 adjusted EPS of $0.19, missing the $0.20 consensus, while net sales rose 1.4% to $371.8M on higher prices. Adjusted EBITDA grew 14.4% to $55.7M, with margin expanding to 15%. The company confirmed its take-private by Intersnack Group at $14.25 per share is expected to close by Q4 FY26, and it will not provide a 2026 outlook. The earnings miss is modest but notable given the stock trades near the deal price, leaving little upside unless the acquisition faces delays.
At the time of this announcement, UTZ was trading at $14.14 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2B. The 52-week trading range was $6.78 to $14.19. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.