Utz Brands (UTZ) Tops Q3 EPS by 2c
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Utz Brands Reports Third Quarter Results and Raises Full-Year 2022 Outlook
November 10, 2022 6:30 AM ESTHANOVER, 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 third quarter ended October 2, 2022.
3Q22 Highlights:
Net Sales increased 16.0% year-over-year to $362.8 million Organic Net Sales increased 12.6% year-over-year GAAP Net Income of $1.5 million vs. $31.4 million in the year-ago period(1) Adjusted EBITDA increased 6.5% year-over-year to $47.7 million The Company is again raising its full-year fiscal 2022 Net Sales and Adjusted EBITDA... More