Utz Brands, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
February 29, 2024 at 07:00 am EST
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Utz Brands, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 1,438.24 million compared to USD 1,408.4 million a year ago. Net loss was USD 24.94 million compared to USD 0.392 million a year ago.
Basic loss per share from continuing operations was USD 0.31. Diluted loss per share from continuing operations was USD 0.31.
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. 
