Food manufacturer Utz reaffirmed its 2025 financial guidance, targeting low single-digit net sales growth while anticipating only a modest impact from tariffs due to its domestic sourcing and U.S. operations. CEO Howard Friedman praised the company’s plan to save $150 million by 2026 through a supply chain overhaul, exceeding previous estimates. Unlike other food companies lowering forecasts due to tariff policies, Utz is expanding manufacturing capabilities and reported a slight increase in quarterly net sales to $352 million, with adjusted net income rising 7.2% to $22.3 million.

Source: https://www.supplychaindive.com/news/utz-earnings-q1-2025-tariff-impact-modest-guidance-hershey-kellogg/747399/