Utz Brands, Inc. (UTZ) Q4 2021 Earnings Call

Investor webinar replay

Meeting Overview The meeting was an earnings conference call for UTS Brands, Inc., discussing the company's performance in 2021 as its first full year as a public company. Key topics included financial results, strategic decisions made in response to supply chain challenges, and plans for future growth. Key Discussion Points - Overview of 2021 performance and challenges faced as a public company. - Strategic decisions made to prioritize customer service despite higher costs. - Impact of supply chain costs on earnings and actions taken to mitigate these costs. - Plans for multiple pricing actions in 2022 to offset inflation. - Progress on cost reduction programs and productivity improvements. - Transition from company-owned DSD routes to independent-operated routes. - Recent acquisitions and their impact on sales and distribution. - Growth in power brands and their contribution to overall sales. Decisions Made - Pricing actions were taken throughout 2021, with plans for additional ro...

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[Speaker identities could not be resolved; generic labels used] [00:00] Speaker 1: Good morning and welcome to the UTS Brands, Inc., 4th 0.25 2021 [00:04] Speaker 1: earnings conference call. Kevin Powers, head of investor relations. You may begin your conference. [00:15] Speaker 2: Good morning and thank you for joining us today. [00:18] Speaker 2: On the call today are Dylan Lissette, CEO, [00:21] Speaker 2: and Jake Ataria, [00:22] Speaker 2: CFO, [00:24] Speaker 2: and Kerry DeBoer, COO. [00:26] Speaker 2: Please note that some of our comments today will contain forward-looking statements based on our current view of our business, [00:32] Speaker 2: and actual future results may differ materially. [00:36] Speaker 2: Please see our recent SEC filings, [00:39] Speaker 2: which identify the principal risks and uncertainties [00:42] Speaker 2: that could affect future performance. [00:45] Speaker 2: Before I turn the call over to Dylan, I just have a few housekeeping items to review. [00:51] Speaker 2: Today we will discuss certain adjusted or non-GAAP financial measures, [00:56] Speaker 2: which are described in more detail in this morning's earnings materials. [01:00] Speaker 2: Reconciliations [01:01] Speaker 2: of non-GAAP financial measures and other associated disclosures [01:05] Speaker 2: are contained in our earnings materials and posted on our website. [01:09] Speaker 2: Finally, the company has also prepared presentation slides and additional supplemental financial information, [01:16] Speaker 2: which are posted on our investor relations website. And now I'd like to turn the call over to Dylan. [01:22] Speaker 2: Dylan? [01:24] Speaker 3: Thanks, Kevin, and good morning, everyone. [01:27] Speaker 3: 2021 [01:28] Speaker 3: marked our 1st full year as a pu...