Utz Brands Provides IRI Retail Sales Update

0


Retail sales trends continued to strengthen through December

HANOVER, PA, January 4, 2022– (COMMERCIAL THREAD) – Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading US manufacturer of branded salty snacks, today announced retail sales of IRI MULO -C for the 4 and 12 week periods ended December 26, 2021. The Company is providing this interim update of Utz’s retail sales trends in order to correct previously inaccurately low syndicated data reported for these periods due to the absence of new articles.

For the 4-week period ended December 26, 2021, the Company’s retail sales, as measured by IRI MULO-C, increased by 14.2% compared to the same period last year and by 11, 2% on a two year CAGR basis compared to the same period in 2019. For the 12 week period ended December 26, 2021, the Company’s retail sales, as measured by IRI MULO-C, increased by 11.2% compared to the same period last year and 10.5% on a two-year CAGR basis compared to the same period in 2019.

About Utz Brands, Inc.

Utz Brands, Inc. (NYSE: UTZ) manufactures a diverse portfolio of savory snacks through popular brands such as Utz®, ON THE BORDER® Chips & Dips, Golden Flake®, Zapp’s®, Good Health®, Boulder Canyon® , Hawaiian® Brand, and TORTIYAHS! ®, among others. After nearly a century with a strong family heritage, Utz continues to have a passion for exciting and thrilled consumers with delicious snacks made from premium ingredients. Utz’s products are distributed nationwide through grocery stores, department stores, clubs, convenience stores, drugs and other channels. Based in Hanover, PA, Utz operates 17 facilities located in Alabama, Arizona, Illinois, Indiana, Louisiana, Massachusetts, Michigan, Nevada, North Carolina, Pennsylvania and Washington. For more information, please visit www.utzsnacks.com or call 1-800-FOR-SNAX.

Investors and others should note that Utz announces important financial information to its investors using its investor relations website (investors.utzsnacks.com), SEC filings, press releases, conferences public telephone calls and webcasts. Utz uses these channels, as well as social media, to communicate with our shareholders and the public about the Company, the Company’s products and other issues. Information published by Utz on social media may be considered important information. Therefore, Utz encourages investors, the media and others interested in the Company to review the information posted on the social media channels listed on the Utz Investor Relations website.

Forward-looking statements

This press release contains certain statements which are not historical facts but which are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are generally accompanied by or include, without limitation, statements such as “will”, “expect”, “intention”, “objective” or other similar words, phrases or expressions. . These forward-looking statements include the expected effects of the COVID-19 pandemic, the future plans of Utz Brands, Inc. and its direct and indirect subsidiaries (“UBI”), the estimated or anticipated future results and benefits of the future plans of the society. and the transactions, future capital structure, future opportunities for UBI and other statements which are not historical facts. These statements are based on the current expectations of the management of the Company and do not constitute forecasts of actual performance. These statements are subject to a number of risks and uncertainties, and UBI’s activities and actual results may differ materially. Factors that could cause such differences include, but are not limited to: the risk that recent business combinations and acquisitions by the Company (collectively, “Business Combinations”) disrupt plans and operations; the ability to recognize the anticipated benefits of such business combinations, which may be affected, among other things, by competition and the Company’s ability to grow and manage its growth profitably and to retain key employees; the outcome of any legal proceedings that may be initiated against UBI following the completion of such business combinations; UBI’s ability to complete planned acquisitions; changes in applicable law or regulations; costs associated with business combinations and other planned acquisitions; the inability of the Company to maintain the listing of the Company’s Class A Common Shares on the New York Stock Exchange; the inability of the Company to develop and maintain effective internal controls; the risk that the Company’s gross profit margins will be adversely affected by various factors, including changes in raw material prices, the requirements and mix of retail customers, sales speeds and required promotional support; changes in consumer loyalty to the Company’s brands due to factors beyond the Company’s control; changes in demand for the Company’s products affected by changes in consumer preferences and tastes or if the Company is unable to innovate or market its products effectively; costs associated with brand loyalty and interest in the Company’s products, which may be affected by the actions of the Company’s competitors which cause the Company’s products not to be adequately differentiated from the products of competitors ; fluctuations in the Company’s operating results from quarter to quarter due to changes in promotional activities; the possibility that the Company will be affected by other economic, commercial or competitive factors; and other risks and uncertainties set out in the section entitled “Risk Factors” and “Forward-Looking Statements” of the Company’s Annual Report on Form 10-K / A filed with the SEC for the fiscal year ended January 3, 2021 and other reports filed by the Company with the Commission. In addition, forward-looking statements provide the Company’s expectations, plans or forecasts regarding future events and views as of the date of such communication. Except as required by law, the Company does not undertake to update these statements to reflect events or circumstances occurring after this date, and cautions investors not to place undue reliance on these forward-looking statements. These forward-looking statements should not be taken as representing the valuations of the Company as of a date subsequent to the date of this communication. The Company cautions investors not to place undue reliance on forward-looking statements, which speak only as of the date they are posted. The Company does not undertake or accept any obligation or commitment to publicly issue updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in the events, conditions or circumstances upon which such statement is made. is based, except as required by law.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220104005272/en/

Contacts

Investor contact
Kevin Powers
Trademarks Utz, Inc.
kpowers@utzsnacks.com

Media contact
Kevin Brick
Trademarks Utz, Inc.
kbrick@utzsnacks.com


Share.

Comments are closed.