secwatch.observer — SEC 8-K summary
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Issuer:     Utz Brands, Inc. (UTZ)
CIK:        0001739566
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0001739566-23-000028
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Utz Brands Q4 net sales up 17.9% to $354.7M; net income $13.8M vs loss year ago
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- Net sales $354.7M (+17.9% YoY); Organic Net Sales +15.9%.
- Gross profit margin 32.5% (vs 30.1% prior year); Adjusted Gross Margin 36.6% (vs 34.4%).
- Net income $13.8M vs net loss $(16.2M) in Q4 2021.
- Full year net loss $(14.0M) vs net income $8.0M prior year; Adjusted EBITDA $170.5M (+9.2%).
- FY2023 outlook: Organic Net Sales growth 4-6%; Adjusted EBITDA growth 6-10%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739566/000173956623000028/0001739566-23-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739566/000173956623000028/utz-20230302.htm
  HTML page:      https://secwatch.observer/filing/0001739566-23-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer