Company: UTZ
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001739566-25-000053
Chunk: 152

Company: Utz Brands, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 152
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 of the products that the Company sells, the functional alignment of the Company’s organizational structure, and the reports that are regularly reviewed by the CODM for the purpose of assessing performance and allocating resources.  The CODM uses segment income/loss to evaluate income generated from the segment in deciding whether to reinvest profits into the segment or alternatives such as for acquisitions or to pay dividends, and to monitor budget versus actual results.For the Fiscal Year Ended December 29, 2024For the Fiscal Year Ended December 31, 2023For the Fiscal Year Ended January 1, 2023Net sales$1,409,281 $1,438,237 $1,408,401     Materials641,043 670,731 655,816     Conversion costs (a)181,747 220,697 220,168     Other cost of goods sold (b)91,714 90,323 83,360 Gross profit494,777 456,486 449,057      Delivery (c)85,578 72,939 83,562      Marketing (d)18,954 11,295 10,042      Selling expenses (e)201,619 189,689 200,457      Administrative expenses (f)129,642 159,196 150,343 Total selling, distribution, and administrative expenses435,793 433,119 444,404 (Loss) gain on sale of assets, net(78)(7,350)691 Income from operations58,906 16,017 5,344     Gain on sale of business44,015 — —     Interest expense(44,862)(60,590)(44,424)    Loss on debt extinguishment(1,273)— —     Other income2,457 3,066 400     Gain on remeasurement of warrant liability10,224 2,232 720 Other income (expenses), net10,561 (55,292)(43,304)Income (loss) before income taxes69,467 (39,275)(37,960)Income tax expense (benefit)38,730 757 (23,919)Net income (loss)$30,737 $(40,032)$(14,041)(a) Conversion costs includes direct labor, indirect labor, and overhead expenses.(b) Other cost