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HANOVER, Pa. - Utz Brands, Inc. (NYSE:UTZ) announced Tuesday it will eliminate all certified Food, Drug and Cosmetic (FD&C) colors from its entire snack food portfolio by the end of 2027, according to a company statement.
The salty snack manufacturer reported that 80% of its current product lineup already does not contain FD&C colors, with several of its brands completely free of artificial colorings. Starting this fall, the company plans to highlight "real and simple product attributes" on select packaging.
"Since 1921, Utz Brands, Inc. has been committed to making snacks with quality, transparency, and simple, trusted ingredients," the company stated in its press release.
Utz Brands manufactures a variety of snack foods under brands including Utz, On The Border Chips & Dips, Zapp’s, and Boulder Canyon. The Pennsylvania-based company distributes its products nationally through grocery stores, mass merchandisers, club stores, convenience outlets, and other retail channels.
The move comes as food manufacturers increasingly respond to changing consumer preferences for simpler ingredient lists and regulatory initiatives regarding food additives.
Utz Brands, which has been in operation for over a century, went public in 2020 and is traded on the New York Stock Exchange.
In other recent news, Utz Brands reported second-quarter earnings with an earnings per share (EPS) of $0.17, which missed analyst expectations of $0.18. Despite this earnings miss, the company managed to exceed revenue forecasts, reporting $366.7 million for the quarter. UBS maintained a Neutral rating on Utz Brands, keeping its price target at $15.00, while noting that the earnings shortfall was largely due to increased expenses in marketing and distribution. In other developments, Moody’s has revised Utz’s outlook to negative due to the company’s high leverage, which stands at 8.2 times debt-to-EBITDA. This elevated debt level is attributed to ongoing investments and increased working capital needs in the first half of 2025. Additionally, Utz Brands declared a regular quarterly dividend of $0.061 per share, payable on October 2, 2025, to stockholders of record as of September 15, 2025. These updates highlight the financial challenges Utz faces amid its efforts to sustain growth and manage debt.
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