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Utz Expects Sales Growth In 2023 Following Strong Performance In 2022

March 3, 2023: 12:00 AM EST
The CEO of Utz Brands Inc. described fiscal year 2022 as one of “gradual recovery”. Net sales in fiscal 2022 increased 19 percent, climbing to $1.41 billion from $1.18 billion in 2021. In 2022, UTZ drove market share gains across the grocery channel and potato chips category. Utz expects continued growth in 2023 with total net sales projected to grow 3-5 percent and organic net sales 4-6 percent. To achieve these goals, Utz plans to expand distribution, increase marketing spend and invest in product innovation.  
Eric Schroeder, "Utz Brands building for the future", Food Business News, March 03, 2023, © SOSLAND PUBLISHING COMPANY
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