Utz Q3 net sales $312.7M (+26% YoY); adj. EBITDA $44.8M; inflation pressures guide pricing actions

Utz Brands, Inc.

2021-Q3 EPS reported $0.34 revenue$879,781,000

Net sales $312.7M (+26.1% as-reported; +1.4% pro forma vs. prior year period).
GAAP net income $31.4M ($0.40 diluted EPS); adjusted net income $25.6M ($0.18 adj. EPS).
Adjusted EBITDA $44.8M (+17.3% YoY); adjusted gross margin 35.8%, down 420 bps on inflation.
CEO cites strong consumer demand and market share gains; pricing actions implemented with carry-over benefit into 2022.
Expects high inflation and transportation challenges to persist in 2022.

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