Utz Brands backs FY23 revenue view up 2%-3%, consensus $1.44B

Backs FY23 adjusted EBITDA view up 8%-11%. Utz Brands will host its 2023 Investor Day at the New York Stock Exchange, beginning at 9:30 am ET. “Utz has some of America’s favorite snack brands, and over the past several years, we have simplified our portfolio and fundamentally evolved the business through capacity, distribution and capability investments,” said Howard Friedman, CEO of Utz. “We have laid a solid foundation for growth and see significant opportunities to increase value through geographic expansion, supply chain transformation initiatives and other productivity improvements. As the third largest Salty Snack platform in the U.S., and the only one focused solely on Salty Snacks, we have a compelling long-term growth opportunity, and we believe we have the right team and strategy in place to continue to win.”