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HANOVER, Pennsylvania - Utz Brands, Inc. (NYSE:UTZ) announced today the appointment of Trevor Martin as Senior Vice President of Investor Relations, effective immediately. The snack manufacturer, currently valued at $1.9 billion, has demonstrated consistent dividend growth for five consecutive years, according to InvestingPro data.
Martin brings nearly two decades of investment management and consumer research experience to the snack manufacturer. He previously worked at Victory Capital/RS Investment Management where he served as Co-Portfolio Manager for RS Growth. His career also includes positions at RBI Capital Management and Standard Pacific Capital.
In his new role, Martin will report to William J. Kelley, Executive Vice President and Chief Financial Officer at Utz.
"Trevor’s background in consumer-focused investment management and research makes him a great fit to lead our investor relations efforts," Kelley said in a press release statement.
Martin holds an MBA from the University of California, Berkeley’s Haas School of Business and a bachelor’s degree from George Washington University.
Utz Brands manufactures salty snacks under various brands including Utz, On The Border Chips & Dips, Zapp’s, and Boulder Canyon. The company, based in Hanover, Pennsylvania, distributes its products nationally through grocery stores, mass merchandisers, club stores, convenience stores, and other retail channels.
In other recent news, Utz Brands reported its first-quarter earnings for 2025, meeting analyst expectations with an earnings per share (EPS) of $0.16 and surpassing revenue forecasts by reaching $352.1 million. This slight revenue beat indicates effective sales strategies and product innovations. Meanwhile, DA Davidson maintained its Buy rating and $16.00 price target for Utz Brands, highlighting the company’s successful supply chain transformation and performance in expansion territories. Barclays also maintained an Overweight rating but lowered its price target from $17.00 to $16.00, citing adjustments in quarterly earnings expectations.
Utz Brands announced a regular quarterly cash dividend of $0.061 per share, reflecting its commitment to shareholder value. The company continues to see significant growth in its Boulder Canyon brand and has achieved a household penetration rate of 49%, an all-time high. Despite these positive developments, Utz Brands faced underperformance in core markets, though it experienced better-than-expected results in expansion areas. The Board of Directors has emphasized that future dividend declarations will consider the company’s operational results and financial condition.
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