Utz Brands, Inc. Provides Earnings Guidance for the Fiscal Year 2023 and for the First Quarter of Fiscal Year 2024
January 31, 2024 at 09:00 am EST
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Utz Brands, Inc. provided earnings guidance for the fiscal year 2023 and for the first quarter of fiscal year 2024. For the year, the company expects total net sales growth in a range of 2.0% to 2.2%.
For the first quarter of fiscal year 2024, the company expects that its net sales growth to be more consistent with retail sales growth.
Utz Brands, Inc. is a manufacturer of branded salty snacks. The Company produces salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, pub/party mixes, and other snacks. The Companyâs brands include Power and Foundation brands. Power brands comprised of its Utz brand and On The Border brand; craft brands, such as Zappâs, Golden Flake Pork Skins, TORTIYAHS!, and Hawaiian; BFY brands, such as Good Health and Boulder Canyon, and selected licensed brands, such as TGI Fridays. Foundation brands include regional snacking brands, such as Bachman, Golden Flake Chips and Cheese, Timâs Cascade Snacks, Snyder of Berlin, Dirty Potato Chips, and R.W. Garcia. The Company serves its products to grocery, mass merchant, club, convenience, drug, and other retailers through direct shipments, distributors, and over 2,100 direct-store-delivery routes. The Company manufactures its products in over 16 manufacturing facilities across the United States.
UTZ BRANDS, INC. 
