secwatch.observer — SEC 8-K summary
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Issuer:     Utz Brands, Inc. (UTZ)
CIK:        0001739566
Form:       8-K
Filed at:   2022-03-03T23:59:59+00:00
Accession:  0001739566-22-000083
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739566/000173956622000083/0001739566-22-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739566/000173956622000083/utz-20220303.htm
  HTML page:      https://secwatch.observer/filing/0001739566-22-000083

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