Utz Brands, Inc. (UTZ) saw its stock price plummet 9.97% during intraday trading on Thursday. The sharp decline followed the release of the company's fourth-quarter 2025 financial results and its guidance for the upcoming fiscal year.

The snack maker reported a net loss of $2.5 million for the quarter, swinging from a profit a year ago. The loss was attributed to increased selling, general and administrative expenses from the company's geographic expansion initiatives, as well as sales being hurt by retailers reducing inventory in response to last year's government shutdown and related SNAP payment delays. While adjusted earnings per share met analyst expectations, net sales of $342.2 million slightly missed Wall Street estimates.

Investor sentiment was further weighed down by the company's outlook for fiscal year 2026, which forecasts a decline in adjusted earnings per share of 3% to 6%. Management cited higher depreciation and amortization expenses, increased interest costs, and a higher tax rate as reasons for the expected decline. This guidance overshadowed the company's concurrent announcement of a new $50 million share repurchase program.