secwatch.observer — SEC 8-K summary
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Issuer:     Utz Brands, Inc. (UTZ)
CIK:        0001739566
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001739566-24-000124
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Utz Q2 net sales $356.2M, adj EPS $0.19 (+46% YoY), raises FY adjusted EPS guidance
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- Q2 net sales $356.2M; organic net sales +1.6%; net income $25.4M vs $(8.6)M prior year.
- Adjusted EPS $0.19 (+46.2% YoY); Adjusted EBITDA $49.7M (+10.0%).
- Gross profit margin expanded 260bps to 35.0%; adjusted gross margin 37.6%.
- Raised FY2024 adjusted EPS growth guidance to 28-32% (from 23-28%).
- Revised FY organic net sales growth outlook to ~3% (from ~3% or better).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739566/000173956624000124/0001739566-24-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739566/000173956624000124/utz-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001739566-24-000124

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