Utz Brands: Reports First Quarter 2021 Financial Results

Hanover / PA. (utz) Utz Brands Inc., a leading U.S. manufacturer of branded salty snacks, reported financial results for the Company’s fiscal first quarter ended April 04, 2021. «In the first quarter, we continued to execute against our value creation strategies to position the Company for long-term success,» said Dylan Lissette, Chief Executive Officer of Utz. «Even as we lapped significant out-performance versus the category in the early weeks of the Covid-19 pandemic last year, we are pleased with our Power Brands’ sales momentum and the continued growth in our Emerging and Expansion geographies. In addition, we successfully went live on our ERP implementation that will better enable our platform to scale, and we continued to make strategic acquisitions with our recently announced definitive agreement to acquire Festida Foods and our previously announced acquisition of Vitner’s, which closed on February 8, 2021. Looking ahead, we remain on track to deliver our targets for the full year.»

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