Company: UTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001739566-25-000153
Chunk: 42

Company: Utz Brands, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 2025, down slightly from $92.1 million for the twenty-six weeks ended June 30, 2024. 

Selling, distribution, and administrative expense

Selling, distribution, and administrative expenses were $232.7 million and $214.0 million for the twenty-six weeks ended June 29, 2025 and June 30, 2024, respectively, resulting in a decrease of $18.7 million or 8.7% for the twenty-six weeks ended June 29, 2025 over the corresponding period in fiscal year 2024. The increase in selling, distribution, and administrative expense is primarily due to higher people, selling, and delivery costs to support growth.

(Loss) gain on sale of assets

(Loss) gain on sale of assets was $(0.2) million and $1.9 million for the twenty-six weeks ended June 29, 2025 and June 30, 2024, respectively. 

Other (expense) income, net

Other (expense) income, net was $(0.1) million and $20.8 million for the twenty-six weeks ended June 29, 2025 and June 30, 2024, respectively. The change from other income, net, for the twenty-six weeks ended June 30, 2024 compared to other expense, net, for the twenty-six weeks ended June 29, 2025 was primarily due to the gain on sale of business of $44.0 relating to the Good Health and R.W. Garcia Sale which occurred on February 5, 2024. See Note 2. Divestitures, for further discussion. This was partially off set by a decrease in interest expense of $1.1 million and an increase in the gain on the remeasurement of the warrant liability of $22.4 million twenty-six weeks ended June 29, 2025. See Note 8. Term Debt, Revolving Credit Facility, and Other Notes Payable, for further discussion. 

Income taxes

Income tax (benefit) expense was $(3.8) million and $25.2 million for the twenty-six weeks ended June 29, 2025 and June 30, 2024, respectively. The change from income tax expense to income tax benefit for the twenty-six weeks ended June 29, 2025 is primarily attributable to the Good Health and R.W. Garcia Sale, which