Utz Q3 net sales $371.9M (+2.5%), net income $16.2M; maintains adj. EBITDA guidance, lowers net sales guidance

Utz Brands, Inc.

2023-Q3 EPS reported $0.03 revenue$1,086,138,000

Net sales $371.9M (+2.5% YoY); organic net sales +3.1%.
Net income $16.2M vs $1.5M a year ago; diluted EPS $0.20 (as-converted).
Adjusted EBITDA $52.1M (+9.2% YoY) with margin up 86bps to 14.0%.
Full-year net sales guidance lowered due to supply chain optimization and consumer value shift; adj. EBITDA guidance reaffirmed.
Power Brands grew strongly; aggressive supply chain actions taken to improve productivity.

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 0.95

Utz Brands, Inc. reported third fiscal quarter ended October 1, 2023 results: revenue Net sales of $371.9 million, net income Net income of $16.2 million, EPS Basic earnings per share of $0.20.

Period: third fiscal quarter ended October 1, 2023
Revenue: Net sales of $371.9 million
Net income: Net income of $16.2 million
EPS: Basic earnings per share of $0.20
Result: reported results

Exact text from the filing

branded salty snacks, today reported financial results for the Company’s third fiscal quarter ended October 1, 2023. 3Q’23 Summary: • Net sales increased 2.5% year-over-year to $371.9 million • Organic Net Sales increased 3.1% year-over-year • Net income of $16.2 million vs. net income of $1.5 million in the year-ago period • Adjusted EBITDA increased 9.2%

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Source: SEC EDGAR

accession 0001739566-23-000146

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