Utz Q2 net sales +3.6% to $362.9M; raises FY 2023 Adjusted EBITDA outlook

Utz Brands, Inc.

2023-Q2 EPS reported -$0.16 revenue$714,286,000

Net sales $362.9M, up 3.6% YoY; Organic Net Sales +4.3% YoY.
Net loss of $8.6M vs net income $2.5M a year ago; Adjusted EBITDA up 7.1% to $45.2M.
Fiscal 2023 Adjusted EBITDA guidance raised (specific new range not disclosed in summary).

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 second quarter ended July 2, 2023 results: revenue $362.9 million, net income $(8.6) million. Guidance raised.

Period: second quarter ended July 2, 2023
Revenue: $362.9 million
Net income: $(8.6) million
Guidance: raised
Result: reported results

Exact text from the filing

Utz Brands Reports Second Quarter 2023 Results and Raises 2023 Profit Outlook Hanover, PA –August 10, 2023 – 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 second fiscal quarter ended July 2, 2023. 2Q’23 Summary: • Net sales increased 3.6% year-over-year to $362.9 million • Organic Net Sales increased 4.3% year-over-year • Net loss of $(8.6) million vs. net income of $2.5 million in the year-ago period • Adjusted EBITDA increased 7.1% year-over-year to $45.2 million • Raising fiscal 2023 Adjusted EBITDA outlook

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Source: SEC EDGAR

accession 0001739566-23-000134

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