Company: UTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001739566-25-000111
Chunk: 11

Company: Utz Brands, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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8 Shares of Class V Common Stock, $0.0001 par value; 61,249,000 shares authorized; 55,349,000 and 57,349,000 shares issued and outstanding as of March 30, 2025 and December 29, 2024, respectively6 6 Additional paid-in capital1,014,569 988,510 Accumulated deficit (303,663)(304,663)Accumulated other comprehensive income14,678 18,590 Total stockholders' equity725,598 702,451 Noncontrolling interest652,024 685,293 Total equity1,377,622 1,387,744 Total liabilities and equity$2,779,067 $2,728,412 

The accompanying notes are an integral part of these consolidated financial statements.

1

Utz Brands, Inc.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the thirteen weeks ended March 30, 2025 and March 31, 2024

(In thousands, except share information)

(Unaudited)

(in thousands)Thirteen weeks ended March 30, 2025Thirteen weeks ended March 31, 2024Net sales$352,084 $346,523 Cost of goods sold233,854 226,950 Gross profit118,230 119,573 Selling, distribution, and administrative expensesSelling and distribution77,265 73,666 Administrative35,949 35,782 Total selling, distribution, and administrative expenses113,214 109,448 Gain (loss) on sale of assets, net660 (470)Income from operations5,676 9,655 Other (expense) income, netGain on sale of business— 44,015 Interest expense(11,470)(13,831)Loss on debt extinguishment(531)— Other income362 910 Gain (loss) on remeasurement of warrant liability 11,016 (11,808)Other (expense) income, net(623)19,286 Income before taxes5,053 28,941 Income tax (benefit) expense(625)26,544 Net income 5,678 2,397 Net loss (income) attributable to noncontrolling interest1,824 (6,387)Net income (loss) attributable to controlling