Filing Flows › Utz Brands (UTZ) › Q1 2025
Utz Brands (UTZ) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Utz Brands (UTZ) reported revenue of $352M for the first quarter 2025 (Q1 2025), +2% from a year earlier and +3% from the quarter before. Operating margin was 1.6%, net earnings $7.5M (2.1% of revenue).
Utz Brands, Q1 2025: revenue $352M (+2% year over year), operating margin 1.6%, net earnings $7.5M, operating cash flow −$20.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $352M | +3% | +2% |
| Gross profit | $118M | +36% | -1% |
| Operating profit | $5.7M | -21% | -41% |
| Net earnings | $7.5M | +226% | — |
| Operating cash flow | −$20.2M | — | — |
What changed
Revenue was $352.1M in Q1 2025, up 2% year over year and up 3% from the previous quarter.
Gross margin was 33.6%, down 0.9 points from a year earlier. Operating profit was $5.7M, a 1.6% margin (down 1.2 points year over year). Operating profit fell $4.0M even though revenue rose $5.6M versus a year earlier, so costs grew faster than sales. Operating expenses grew 2% against revenue growth of 2%. Net earnings were $7.5M ($5.7M including minority interests, which bore $1.8M of losses). The effective tax rate was -11.8%.
Operating cash flow was −$20.2M. Non-cash charges added back $18.7M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items used $48.9M. Capital expenditures of $38.8M exceeded it, leaving free cash flow of −$59.0M.
Questions
What was Utz Brands' revenue in the first quarter 2025?
Utz Brands (UTZ) reported revenue of $352M for the first quarter 2025 (Q1 2025), +2% from a year earlier and +3% from the quarter before.
Was Utz Brands profitable in the first quarter 2025?
Operating profit was $5.7M (1.6% of revenue) and net earnings $7.5M.
Source: Utz Brands 10-Q on SEC EDGAR.