Utz Brands (UTZ) Tops Q4 EPS by 3c
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Utz Brands Reports Fourth Quarter and Full Year 2022 Results
March 2, 2023 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 fourth quarter and full year ended January 1, 2023.
4Q22 Summary:
Net sales increased 17.9% year-over-year to $354.7 million Organic Net Sales increased 15.9% year-over-year Gross profit margin expanded to 32.5% vs. 30.1% in the year-ago period Adjusted Gross Profit Margin expanded to 36.6% vs. 34.4% in the year-ago period Net income of $13.8 million vs. a net loss of $(16.2) million in the year-ago period Adjusted... More