{"schema_version":"secwatch.filing_event.v1","accession":"0001739566-24-000106","form_type":"8-K","ticker":"UTZ","cik":"0001739566","company_name":"Utz Brands, Inc.","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.836779+00:00","generated_at":"2026-06-03T00:42:53.968373+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Utz Q1: Adj EPS $0.14 (+27% YoY); Adj EBITDA margin 12.5%; raises FY24 Adj EPS outlook","bullets":["Net sales $346.5M (-1.4% reported); organic net sales +1.5%; gross margin expanded 480bps to 34.5%.","Net income $2.4M vs loss $(14.5M) YoY; adjusted EBITDA $43.4M (+7.4%), margin 12.5% vs 11.5%.","Adjusted EPS $0.14 (+27.3%); raised FY24 Adjusted EPS guidance; reaffirmed organic sales & Adj EBITDA outlook.","Completed $630M Term Loan repricing at lower rate; sold two facilities for $18.5M to reduce debt/interest.","CEO cites 5th consecutive quarter of Adj EBITDA margin expansion and share gains in salty snacks category."],"urls":{"canonical":"https://secwatch.observer/filing/0001739566-24-000106","json":"https://secwatch.observer/filing/0001739566-24-000106.json","markdown":"https://secwatch.observer/filing/0001739566-24-000106.md","text":"https://secwatch.observer/filing/0001739566-24-000106.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1739566/000173956624000106/0001739566-24-000106-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1739566/000173956624000106/utz-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:42:53.968373+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"24deb700439f9d413d9108e1aa87f1cdf8f80ad8","claim":"Utz Brands, Inc. reported the first quarter ended March 31, 2024 results: revenue $346.5 million, net income $2.4 million, EPS Basic loss per share of $(0.05). Guidance reaffirmed.","evidence_excerpt":"and a small-cap growth and value Staples equity, today reported financial results for the Company’s fiscal first quarter ended March 31, 2024. 1Q’24 Summary (1) • Net sales of $346.5 million • Organic Net Sales increased 1.5% • Gross Profit Margin expansion of 480 bps • Adjusted Gross Margin expansion of 280 bps • Net income of $2.4 million vs. net loss of $(14.5)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1739566/000173956624000106/0001739566-24-000106-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$346.5 million"},{"label":"Net income","value":"$2.4 million"},{"label":"EPS","value":"Basic loss per share of $(0.05)"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}