Utz Brands Provides IRI Retail Sales Update

Date-08/12/2021

Retail Sales Trends Strengthened in October and November

Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Organization”), a main U.S. producer of marked pungent tidbits, today revealed IRI MULO-C retail deals for the 4-week and 12-week time spans finished October 31 and November 28, 2021. The Company is giving this between time update of Utz’s retail deals patterns to address incorrectly low recently announced partnered information for these periods because of missing new things.

For the 4-week time frame finished October 31, 2021, the Company’s retail deals as estimated by IRI MULO-C expanded 8.7% versus a similar period last year and expanded 9.7% on a two-year CAGR premise versus a similar period in 2019. For the 12-week time frame finished October 31, 2021, the Company’s retail deals as estimated by IRI MULO-C expanded 7.7% versus a similar period last year and expanded 10.2% on a two-year CAGR premise versus a similar period in 2019.

Utz Brands Provides IRI Retail Sales

For the 4-week time frame finished November 28, 2021, the Company’s retail deals as estimated by IRI MULO-C expanded 10.9% versus a similar period last year and expanded 10.8% on a two-year CAGR premise versus a similar period in 2019. For the 12-week time frame finished November 28, 2021, the Company’s retail deals as estimated by IRI MULO-C expanded 9.7% versus a similar period last year and expanded 10.6% on a two-year CAGR premise versus a similar period in 2019.

About Utz Brands, Inc. 

Utz Brands, Inc. (NYSE: UTZ) produces a different arrangement of exquisite snacks through well known brands including Utz®, ON THE BORDER® Chips and Dips, Golden Flake®, Zapp’s®, Good Health®, Boulder Canyon®, Hawaiian® Brand, and TORTIYAHS!®, among others. After almost a century with solid family legacy, Utz keeps on having an enthusiasm for energizing and enchanting buyers with delightful nibble food varieties produced using top-quality fixings. Utz’s items are conveyed broadly through staple, mass shipper, club, accommodation, drug, and different channels. Situated in Hanover, Pennsylvania, Utz works 17 offices situated in Alabama, Arizona, Illinois, Indiana, Louisiana, Massachusetts, Michigan, Nevada, North Carolina, Pennsylvania, and Washington.

Financial backers and others should take note of that Utz reports material monetary data to its financial backers utilizing its financial backer relations site (investors.utzsnacks.com), SEC filings, official statements, public phone calls and webcasts. Utz utilizes these channels, just as web-based media, to speak with our investors and the general population about the Company, the Company’s items, and different issues. It is conceivable that the data that Utz posts via online media could be considered to be material data. Thusly, Utz empowers financial backers, the media, and others intrigued by the Company to survey the data posted on the web-based media channels recorded on Utz’s financial backer relations site.

Utz Brands Provides IRI Retail Sales Update​

Forward-Looking Statements 

This official statement incorporates specific explanations that are not recorded realities but rather are “forward-looking proclamations” inside the significance of the “protected harbor” arrangements of the Private Securities Litigation Reform Act of 1995, as altered. The forward-looking assertions by and large are joined by or incorporate, without limit, proclamations, for example, “will”, “anticipate”, “expects”, “objective” or other comparative words, expressions, or articulations. These forward-looking assertions incorporate the normal impacts from the COVID-19 pandemic, tentative arrangements for Utz Brands, Inc., and its immediate and roundabout auxiliaries (“UBI”), the assessed or expected future outcomes and advantages of the Company’s tentative arrangements and activities, future capital construction, future freedoms for UBI, and different proclamations that are not authentic realities. These assertions depend on the current assumptions for the Company’s administration and are not expectations of genuine execution. These assertions are dependent upon various dangers and vulnerabilities and UBI’s business and genuine outcomes might contrast physically. 

Factors that might cause such contrasts incorporate, however are not restricted to: the danger that the as of late finished business blends and acquisitions as of late finished by the Company (altogether, the “Business Combinations”) upset plans and tasks; the capacity to perceive the expected advantages of such Business Combinations, which might be impacted by, in addition to other things, rivalry and the capacity of the Company to develop and oversee development productively and hold its key workers; the result of any official actions that might be founded against UBI following the culmination of such Business Combinations; the capacity of UBI to close arranged acquisitions; changes in pertinent law or guidelines; costs identified with the Business Combinations and other arranged acquisitions; the powerlessness of the Company to keep up with the posting of the Company’s Class A Common Stock on the New York Stock Exchange; the failure of the Company to create and keep up with viable interior controls; the danger that the Company’s net overall revenues might be antagonistically affected by an assortment of variables, including varieties in unrefined components evaluating, retail client necessities and blend, deals speeds and needed limited time help; changes in customers’ faithfulness to the Company’s brands because of elements past the Company’s control; changes sought after for the Company’s items impacted by changes in shopper inclinations and tastes or then again assuming the Company can’t enhance or market its items viably; costs related with building brand dedication and premium in the Company’s items, which might be impacted by the Company’s rivals’ activities that outcome in the Company’s items not appropriately separated from the results of contenders; vacillations in consequences of tasks of the Company from one quarter to another in light of changes in special exercises; the likelihood that the Company might be antagonistically impacted by other financial, business or serious elements; and different dangers and vulnerabilities set out in the part named “Hazard Factors” and “Forward-Looking Statements” in the Company’s Annual Report on Form 10-K/A documented with SEC for the monetary year finished January 3, 2021 and different reports recorded by the Company with the Commission. What’s more, forward-looking assertions give the Company’s assumptions, plans or gauges of future occasions and perspectives as of the date of this correspondence. 

Besides as legally necessary, the Company attempts no commitment to refresh such proclamations to reflect occasions or conditions emerging after such date, and alerts financial backers not to put excessive dependence on any such forward-looking assertions. These forward-looking assertions ought not be depended upon as addressing the Company’s appraisals as of any date resulting to the date of this correspondence. The Company alerts financial backers not to put unjustifiable dependence upon any forward-looking assertions, which talk just as of the date made. The Company doesn’t embrace or acknowledge any commitment or undertaking to deliver openly any updates or amendments to any advance looking assertions to mirror any adjustment of its assumptions or any adjustment of occasions, conditions, or conditions on which any such assertion is based, besides as in any case legally necessary.

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