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Utz Brands, Inc.(UTZ), a leading player in t he snack food industry, has released its consolidated financial statements for the second quarter of 2023. The financial data reveals a mixed performance for the company, with a notable increase in revenue despite facing certain challenges. The company reported a net loss of $13.3 million during the quarter, while its revenue showed growth, reaching $362.9 million

Utz Brands Reports Net Loss of $13.3 Million in Second Quarter

Revenue Grows to $362.9 Million, Despite Challenging Quarter

By USInMinutes
Published - Aug 10, 2023, 11:55 AM ET
Last Updated - Aug 21, 2024, 06:42 AM EDT

Utz Brands, Inc.(UTZ), a leading player in t he snack food industry, has released its consolidated financial statements for the second quarter of 2023. The financial data reveals a mixed performance for the company, with a notable increase in revenue despite facing certain challenges. The company reported a net loss of $13.3 million during the quarter, while its revenue showed growth, reaching $362.9 million.

Net Loss Amidst Operating Challenges

Utz Brands faced several operational challenges during the second quarter, leading to a net loss of $13.3 million. This figure reflects the company's determination to navigate through obstacles, including rising input costs and ongoing market uncertainties. Despite these difficulties, the company remains focused on its long-term strategic goals.

Revenue Climbs to $362.9 Million

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