Utz Brands Provides Retail Sales Update

Utz Brands, Inc, a leading U.S. manufacturer of branded salty snacks, reported IRI MULO-C retail sales for the 4-week and 12-week periods ended October 31 and November 28, 2021. The Company is providing this interim update of Utz’s retail sales trends to correct inaccurately low previously reported syndicated data for these periods due to missing new items.

For the 4-week period ended October 31, 2021, the Company’s retail sales as measured by IRI MULO-C increased 8.7% versus the same period last year and increased 9.7% on a two-year CAGR basis versus the same period in 2019. For the 12-week period ended October 31, 2021, the Company’s retail sales as measured by IRI MULO-C increased 7.7% versus the same period last year and increased 10.2% on a two-year CAGR basis versus the same period in 2019.

For the 4-week period ended November 28, 2021, the Company’s retail sales as measured by IRI MULO-C increased 10.9% versus the same period last year and increased 10.8% on a two-year CAGR basis versus the same period in 2019. For the 12-week period ended November 28, 2021, the Company’s retail sales as measured by IRI MULO-C increased 9.7% versus the same period last year and increased 10.6% on a two-year CAGR basis versus the same period in 2019.