---
schema_version: "secwatch.filing_event.v1"
accession: "0001739566-22-000225"
form_type: "8-K"
ticker: "UTZ"
cik: "0001739566"
company_name: "Utz Brands, Inc."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T23:14:58.015337+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Utz Q3 net sales +16% to $362.8M, raises FY2022 outlook; CEO succession announced

## Summary
- Q3 net sales $362.8M (+16% YoY); organic net sales +12.6%.
- GAAP net income $1.5M vs $31.4M prior, due to $3.7M warrant liability loss.
- Adjusted EBITDA $47.7M (+6.5% YoY); adjusted EPS $0.16 vs $0.18.
- Company raises full-year 2022 net sales and Adjusted EBITDA guidance.
- CEO Dylan Lissette to become Exec Chairman; Howard Friedman to be CEO mid-Dec 2022.

## SEC filing metadata
- accession: 0001739566-22-000225
- form_type: 8-K
- ticker: UTZ
- cik: 0001739566
- company_name: Utz Brands, Inc.
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1739566/000173956622000225/0001739566-22-000225-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1739566/000173956622000225/utz-20221110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001739566-22-000225
- JSON: https://secwatch.observer/filing/0001739566-22-000225.json
- Plain text: https://secwatch.observer/filing/0001739566-22-000225.txt

## Key facts
- Earnings Releases
  Utz Brands, Inc. reported the third quarter ended October 2, 2022 results: revenue $362.8 million, net income $1.5 million, EPS $0.16. Guidance raised.
  - Period: the third quarter ended October 2, 2022
  - Revenue: $362.8 million
  - Net income: $1.5 million
  - EPS: $0.16
  - Guidance: raised
  - Result: reported results
  source text: salty snacks, today reported financial results for the Company’s fiscal third quarter ended October 2, 2022. 3Q’22 Highlights: • Net Sales increased 16.0% year-over-year to $362.8 million • Organic Net Sales increased 12.6% year-over-year • GAAP Net Income of $1.5 million vs. $31.4 million in the year-ago period (1) • Adjusted EBITDA increased 6.5% year-over-year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1739566/000173956622000225/0001739566-22-000225-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.