Second-Quarter Financial Highlights
Net sales of $1,214 million; year-over-year decrease of 17.3%
Net income of $144 million and net income per diluted share of $2.78
Non-GAAP diluted EPS.
Utz Brands, Inc. , a leading U.S. manufacturer of branded salty snacks, today reported financial results for the Company’s fiscal first quarter ended April 2, 2023.
1Q’23. | May 11, 2023
First Quarter Highlights Diluted EPS for the Quarter of $1.63, Up 60 percent Record Adjusted Diluted EPS¹ for the Quarter of $1.90, Up 10 percent Record Net.
First Quarter Highlights Diluted EPS for the Quarter of $1.63, Up 60 percentRecord Adjusted Diluted EPS¹ for the Quarter of $1.90, Up 10 percentRecord Net Revenue for the Quarter of $471.4
<p><span><b>First Quarter Highlights </b></span></p>
<ul type="disc">
<li><b>Diluted EPS for the Quarter of <span class="xn-money">$1.63</span>, Up 60 percent</b></li>
<li><b>Record Adjusted Diluted EPS¹ for the Quarter of <span class="xn-money">$1.90</span>, Up 10 percent</b></li>
<li><b>Record Net Revenue for the Quarter of <span class="xn-money">$471.4 million</span>, Up 13 percent</b></li>
<li><b>Reaffirmed Organic Total Net Revenue Growth Target<span>2</span> for 2023 of 7 to 9 percent</b><b> and Data and Access Solutions Organic Net Revenue Growth Target<span>2</span> of 7 to 10 percent</b></li>
<li><b>Reaff