Hanover / PA. (utz) Utz Brands Inc., a leading U.S. manufacturer of branded salty snacks, reported financial results for the Company’s fiscal third quarter ended October 03, 2021.
«Consumer demand remains strong as our sales growth accelerated and we delivered two-year market share gains in the third quarter. Our top-line strategies are working as we drove faster growth on our Power Brands, expanded our presence in key salty snack sub-categories, improved our performance in our Core geographies and the Mass channel, and continued our geographic expansion,» said Dylan Lissette, Chief Executive Officer .
Lissette continued, «As we face rising inflation that is impacting earnings in the short-term, we continue to implement pricing actions that will have a carry-over benefit in 2022. And while we expect high inflation and transportation challenges to continue into 2022, we are actively deploying our value creation strategies, and we remain confident in our long-term growth outlook. I am incredibly proud of our dedicated team as we navigate through this dynamic operating environment.»
For additional information please read the Company’s PDF file below (87 KB):20211111-UTZ-Q3-2021