Utz Brands Third-Quarter Profit Falls 56.5% as Intersnack Buyout Advances

what happened

According to TradingView, Utz Brands' net sales for the third quarter of 2026 declined 2.3% year over year to $369.2 million. Adjusted earnings per share fell 56.5%, to $0.10 from $0.23 a year earlier. Adjusted EBITDA dropped 30.3% to $42.0 million, while the net loss widened to $32.1 million from $20.2 million.

Adjusted gross margin slid to 27.2% from 32.5%. The company attributed the pressure to supply-chain cost inflation, a shift in channel mix and lower volumes. Subsidiaries of Intersnack are set to acquire the outstanding Class A shares for $14.25 each in cash. The deal is expected to close in the fourth quarter of 2026, subject to closing conditions, and a stockholder vote is scheduled for November 13.

why it matters

For investors, the deal timeline matters as much as the weak numbers: the November 13 shareholder vote and the remaining closing conditions will determine whether the transaction closes in the fourth quarter. The offer price sets a reference level for UTZ shares, while the margin and volume declines, amid inflation and a more cautious consumer, point to ongoing strain for snack makers.

market impact

UTZ shares: weak results and the buyout offer set the reference price

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