Utz Q4 net sales $300.9M (+22.2%), adjusted EBITDA $37.7M; FY adjusted EPS $0.54

Utz Brands, Inc.

2021-FY EPS reported $0.25 revenue$1,180,713,000

Q4 net sales $300.9M, up 22.2% reported (9.2% pro forma); adjusted gross margin 34.3%, down 241 bps YoY.
Q4 net loss $(16.2)M ($(0.14) diluted EPS); adjusted EPS $0.11.
Full-year 2021 net sales $1,180.7M (+22.4%); adjusted EBITDA $156.2M (+16.7%); adjusted EPS $0.54.
CEO cites elevated supply chain costs pressuring short-term profits; pricing actions taken in 2021 expected to offset inflation by H2 2022.
Q4 organic net sales growth accelerated; company prioritized service levels over profit to support customer demand.

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