---
schema_version: "secwatch.filing_event.v1"
accession: "0001739566-23-000176"
form_type: "8-K"
ticker: "UTZ"
cik: "0001739566"
company_name: "Utz Brands, Inc."
filed_at: "2023-12-15T23:59:59+00:00"
generated_at: "2026-06-07T11:59:53.862852+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Utz Brands reaffirms FY2023 outlook, targets 4-5% organic sales CAGR and 16% EBITDA margin by FY2026

## Summary
- Reaffirms FY2023 outlook: net sales growth 2-3%, Adj. EBITDA growth 8-11%, net leverage below 4.5x by year-end.
- New 3-year targets (FY2023-2026): 4-5% organic net sales CAGR, ~16% Adj. EBITDA margin in FY2026, double-digit Adj. EPS CAGR.
- Plans to expand Power Brands (Utz, Zapp's, Boulder Canyon, On The Border) outside core geographies.
- Expects $135M in cost savings over three years from supply chain transformation and network optimization.

## SEC filing metadata
- accession: 0001739566-23-000176
- form_type: 8-K
- ticker: UTZ
- cik: 0001739566
- company_name: Utz Brands, Inc.
- filed_at: 2023-12-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1739566/000173956623000176/0001739566-23-000176-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1739566/000173956623000176/utz-20231215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001739566-23-000176
- JSON: https://secwatch.observer/filing/0001739566-23-000176.json
- Plain text: https://secwatch.observer/filing/0001739566-23-000176.txt

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