Utz Brands, Inc. (NYSE:UTZ) Q3 2022 Earnings Conference Call November 10, 2022 8:30 AM ET

Company Participants

Kevin Powers - Head of Investor Relations

Dylan Lissette - Chief Executive Officer

Ajay Kataria - EVP & Chief Financial Officer

Cary Devore - EVP & Chief Operating Officer

Conference Call Participants

Andrew Lazar - Barclays

Jason English - Goldman Sachs

Robert Moskow - Credit Suisse

Michael Lavery - Piper Sandler

Bill Chappell - Truist Securities

Jim Salera - Stephens

Peter Galbo - Bank of America

Operator

Good morning, and welcome to Utz Brands Third Quarter 2022 Earnings Conference Call. All parties are in a listen-only mode. After the speakers' presentation, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference call is being recorded.

I would now like to turn the call over to Kevin Powers, Head of Investor Relations. Please go ahead, Mr. Powers.

Kevin Powers

Good morning, and thank you for joining us today. On the call today are Dylan Lissette, Chief Executive Officer; Ajay Kataria, Chief Financial Officer; and Cary Devore, Chief Operating Officer. Dylan and Ajay will make prepared comments this morning, and all three will be available to answer questions during a live Q&A session.

Please note that some of our comments today will contain forward-looking statements based on our current view of our business, and actual future results may differ materially. Please see our recent SEC filings, which identify the principal risks and uncertainties that could affect future performance.

Before I turn the call over to Dylan, I just have a few housekeeping items to review. Today, we will discuss certain adjusted or non-GAAP financial measures, which are described in more detail in this morning's earnings materials. Reconciliations of non-GAAP financial measures and other associated disclosures are contained in our earnings materials and posted on our website. Finally, the company has also prepared presentation slides and additional supplemental financial information, which are posted on our Investor Relations website.

And now I'd like to turn the call over to Dylan.

Dylan Lissette

Thank you, Kevin, and good morning, everyone. I'm pleased to report that our momentum continued in the quarter, and we again delivered results that were ahead of our expectations. Consumer demand remains robust for our brands and our products, driving record third quarter net sales. We have found that during both times of recession and when times are good, consumers reach for fun and indulgent snacks that they feel come at a modest price point, and our products are well positioned for continued success in a perpetually growing category.