---
schema_version: "secwatch.filing_event.v1"
accession: "0001739566-23-000113"
form_type: "8-K"
ticker: "UTZ"
cik: "0001739566"
company_name: "Utz Brands, Inc."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T04:25:40.054617+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001739566-23-000113
- form_type: 8-K
- ticker: UTZ
- cik: 0001739566
- company_name: Utz Brands, Inc.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1739566/000173956623000113/0001739566-23-000113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1739566/000173956623000113/utz-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001739566-23-000113
- JSON: https://secwatch.observer/filing/0001739566-23-000113.json
- Plain text: https://secwatch.observer/filing/0001739566-23-000113.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1739566/000173956623000113/0001739566-23-000113-index.htm

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