Utz Brands Q1 net sales up 3.1% to $351.4M; raises FY 2023 Adjusted EBITDA outlook

Utz Brands, Inc.

2023-Q1 EPS reported -$0.11 revenue$351,433,000

Net sales $351.4M, +3.1% YoY; organic net sales +4.0%.
Net loss improved to $(14.5)M from $(31.9)M loss in prior year.
Adjusted EBITDA $40.4M, +10.7% YoY; company raising fiscal 2023 Adjusted EBITDA guidance.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Utz Brands, Inc. reported first quarter ended April 2, 2023 results: revenue $351.4 million, net income $(14.5) million. Guidance raised.

Period: first quarter ended April 2, 2023
Revenue: $351.4 million
Net income: $(14.5) million
Guidance: raised
Result: reported results

Exact text from the filing

Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, today reported financial results for the Company’s fiscal first quarter ended April 2, 2023. 1Q’23 Summary: • Net sales increased 3.1% year-over-year to $351.4 million • Organic Net Sales increased 4.0% year-over-year • Net loss of $(14.5) million vs. a net loss of $(31.9) million in the year-ago period • Adjusted EBITDA increased 10.7% year-over-year to $40.4 million • Raising fiscal 2023 Adjusted EBITDA outlook

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Source: SEC EDGAR

accession 0001739566-23-000113

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