secwatch.observer — SEC 8-K summary
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Issuer:     Utz Brands, Inc. (UTZ)
CIK:        0001739566
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001739566-23-000146
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739566/000173956623000146/0001739566-23-000146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739566/000173956623000146/utz-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001739566-23-000146

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