---
schema_version: "secwatch.filing_event.v1"
accession: "0001739566-24-000052"
form_type: "8-K"
ticker: "UTZ"
cik: "0001739566"
company_name: "Utz Brands, Inc."
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T07:05:29.953342+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Utz Q4 net sales -0.7% to $352M, net loss $33.2M; completes brand dispositions with $150M proceeds

## Summary
- Q4 net sales $352.1M (-0.7% YoY); Organic Net Sales -0.3%. Net loss $33.2M vs net income $13.8M prior year.
- Q4 Adjusted EBITDA $49.4M (+12% YoY); FY Adjusted EBITDA $187.2M (+9.8% YoY).
- FY net sales $1,438.2M (+2.1%); FY net loss $40.0M vs $14.0M loss in prior year.
- Closed dispositions of Good Health and RW Garcia brands and 3 factories on Feb 5; ~$150M after-tax proceeds used to reduce variable-rate debt.

## SEC filing metadata
- accession: 0001739566-24-000052
- form_type: 8-K
- ticker: UTZ
- cik: 0001739566
- company_name: Utz Brands, Inc.
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1739566/000173956624000052/0001739566-24-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1739566/000173956624000052/utz-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001739566-24-000052
- JSON: https://secwatch.observer/filing/0001739566-24-000052.json
- Plain text: https://secwatch.observer/filing/0001739566-24-000052.txt

## Key facts
- Earnings Releases
  Utz Brands, Inc. reported the year ended December 31, 2023 results: revenue $1,438.2 million, net income $(40.0) million, EPS $ (0.31).
  - Period: the year ended December 31, 2023
  - Revenue: $1,438.2 million
  - Net income: $(40.0) million
  - EPS: $ (0.31)
  - Result: reported results
  source text: FY’23 Summary: • Net sales increased 2.1% year-over-year to $1,438.2 million. • Organic Net Sales increased 2.8% year-over-year. • Net loss of $(40.0) million vs. net loss of $(14.0) million in the year-ago period. • Adjusted EBITDA increased 9.8% year-over-year to $187.2 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1739566/000173956624000052/0001739566-24-000052-index.htm
- Earnings Releases
  Utz Brands, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $352.1 million, net income $(33.2) million, EPS $ (0.34).
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $352.1 million
  - Net income: $(33.2) million
  - EPS: $ (0.34)
  - Result: reported results
  source text: 4Q’23 Summary: • Net sales decreased (0.7)% year-over-year to $352.1 million. • Organic Net Sales decreased (0.3)% year-over-year. • Net loss of $(33.2) million vs. net income of $13.8 million in the year-ago period. • Adjusted EBITDA increased 12.0% year-over-year to $49.4 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1739566/000173956624000052/0001739566-24-000052-index.htm

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