---
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"
generated_at: "2026-06-03T00:42:53.968373+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Utz Q1: Adj EPS $0.14 (+27% YoY); Adj EBITDA margin 12.5%; raises FY24 Adj EPS outlook

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- 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/1739566/000173956624000106/0001739566-24-000106-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1739566/000173956624000106/utz-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001739566-24-000106
- JSON: https://secwatch.observer/filing/0001739566-24-000106.json
- Plain text: https://secwatch.observer/filing/0001739566-24-000106.txt

## Key facts
- Earnings Releases
  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.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $346.5 million
  - Net income: $2.4 million
  - EPS: Basic loss per share of $(0.05)
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1739566/000173956624000106/0001739566-24-000106-index.htm

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