Utz Brands, Inc. reported second quarter fiscal 2026 financial results for the period ended June 28, 2026. Net sales increased 1.4% to $371.8 million, driven by a 3.3% increase in Branded Salty Snacks organic net sales. Adjusted EBITDA rose 14.4% to $55.7 million, while adjusted free cash flow improved to negative $0.7 million. The company reported a net loss of $16.0 million compared to net income of $10.1 million in the prior year period. Utz also reiterated its pending agreement with Intersnack Group to take the company private for $14.25 per share, expected to close in the fourth quarter of 2026. Consequently, no forward-looking guidance or conference call will be provided. Utz Brands is a leading U.S. manufacturer of branded salty snacks.

Utz Brands, Inc. entered into a definitive merger agreement on July 20, 2026, to be acquired by Idaho USA, Inc. and its subsidiary, making the company an indirect wholly-owned subsidiary of Intersnack Group GmbH & Co. KG. Under the terms, outstanding Class A Common Stock will be converted into the right to receive $14.25 per share in cash. The transaction includes a $44 million payment to continuing stockholders to terminate the existing Tax Receivable Agreement. The merger is subject to stockholder approval, regulatory clearances, and other customary closing conditions. Utz Brands, Inc. is a snack food manufacturer.

Utz Brands, Inc. entered into a definitive agreement for Intersnack Group GmbH & Co. KG to acquire all outstanding Class A Common Stock for $14.25 per share in cash, representing a 91% premium over the July 20, 2026 closing price. The transaction, valued at an enterprise value of approximately $2.9 billion, will result in Utz becoming a private company owned 50% by Intersnack Group and 50% by the Rice and Lissette Family. Utz Brands, Inc. is a manufacturer of branded salty snacks.