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Diving Briefs:
- Food manufacturer UTZ according to the 2025 financial guidelines. Q1 Import ReportThe goal is to grow net sales of low single seats.
- Considering that the company supplies almost all inputs in Korea and operates all the factories in the United States, Howard Friedman CEO Said in the statement UTZ expects only “proper influence” from tariffs on business.
- The CEO also applauded the company. We plan to save $ 150 million By 2026, the supply chain inspection exceeds $ 135 million in savings estimates, and UTZ helps the customs volatility in the weather.
Dive Insights:
The trust of UTZ is in contrast to other food manufacturers who are reducing predictions as a result of the Trump administration’s tariff policy.
Kellogg announced that it was on Wednesday. Reduce the annual financial outlook In terms of continuous tariffs and decrease in sales. Kellogg said in a quarterly report: “2025 financial outlooks mainly include humble impacts of tariffs related to raw material sourcing other than North America, and most of the production is not exempted from import and export of imports and exports to Canada and Mexico.
Meanwhile, Hershey is requesting the Trump administration. Exempt cocoa from tariffs. As the company works through the COCOA Inventory, we expect between $ 15 million and $ 20 million for tariff -related costs during the second quarter. However, as these consumables decrease, costs are expected to increase to $ 100 million in the second half.
UTZ uses flexibility and domestic supply chains, including expanded manufacturing and distribution capacity. The company opened a new distribution center in Hannover, Pennsylvania in January, a new kettle production line in North Carolina in February and a Frepel line in Hannover in March.
UTZ operates eight first manufacturing facilities in Washington, Arizona, Pennsylvania, Michigan and North Carolina.
The company’s net sales increased slightly to $ 350 million in quarter, while adjustment net profit was $ 22.3 million, an increase of 7.2% year -on -year to $ 22.3 million.
Friedman said in a statement: “We expect to continue to provide flexibility to build brands and expand margins due to strong productivity cost reduction ahead of the remaining part of 2025.
