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Utz rands Reports Third Quarter 2021 Financial Results Hanover , PA - November 10 , 2021 - Utz Brands , Inc. ( NYSE : UTZ ) ( " Utz " or the " Company " ) , a leading U.S. manufacturer of branded salty snacks , today reported the unaudited financial results for the Company's fiscal third quarter ended October 3 , 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 of Utz . outz . BRANDS Mr. 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 . " Third Quarter 2021 Financial Highlights ( in $ millions , except per share amounts ) Net Sales Pro Forma Net Sales ( 1,2 ) Gross Profit Adjusted Gross Profit ( 2 ) Adjusted Gross Profit Margin ( 2 ) Net Income ( Loss ) Adjusted Net Income ( ² ) Adjusted EBITDA ( ² ) Adjusted EBITDA Margin ( ² ) Diluted Earnings Per Share Adjusted Earnings Per Share ( ² ) September 27 , 2020 ( Combined Predecessor and Successor ) 248.0 308.3 86.2 99.2 40.0 % ( 25.3 ) 18.2 38.2 15.4 % nm Fiscal Quarter Ended nm October 3 , 2021 ( Successor ) 312.7 312.7 102.6 111.8 35.8 % 31.4 25.6 44.8 14.3 % 0.40 0.18 % Change 26.1 % 1.4 % 19.0 % % 12.7 ( 420 ) bps nm 40.7 % % ( 110 ) bps 17.3 nm nm