Utz Brands (UTZ) Tops Q1 EPS by 2c
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Utz Brands Reports Record First Quarter Net Sales
May 12, 2022 6:30 AM EDTHANOVER, Pa.--(BUSINESS WIRE)-- Utz Brands, Inc. (NYSE: UTZ) (Utz or the Company), a leading U.S. manufacturer of branded salty snacks, today reported financial results for the Companys fiscal first quarter ended April 3, 2022.
Highlights:
Net sales increased 26.6% year-over-year. Organic Net Sales increased 20.7% year over year. IRI retail sales increased 18.1% year-over-year driven by strong Power Brands growth of 20.1%(1). GAAP Net loss was $(31.9) million(2) vs. $(23.3) million in the year-ago period. Adjusted EBITDA was $36.5... More