Utz Brands, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 03, 2022
August 11, 2022 at 07:52 am EDT
Share
Utz Brands, Inc. reported earnings results for the second quarter and six months ended July 03, 2022. For the second quarter, the company reported sales was USD 350.15 million compared to USD 297.92 million a year ago. Net income was USD 3.18 million compared to USD 17.58 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.21 a year ago.
For the six months, sales was USD 690.91 million compared to USD 567.1 million a year ago. Net loss was USD 14.39 million compared to USD 4.95 million a year ago. Basic loss per share from continuing operations was USD 0.18 compared to USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.18 compared to USD 0.07 a year ago.
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 Company's brands include Power and Foundation brands. Power brands comprised of its Utz brand and On The Border brand; craft brands, such as Zapp's, 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, Tim's 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. 
