Company: UTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001739566-25-000153
Chunk: 103

Company: Utz Brands, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 103
---
 weeks ended June 30, 2024. 

For the twenty-six weeks ended June 29, 2025, Branded Salty Snacks and Non-Branded & Non-Salty Snacks totaled 87% and 13% of our net sales, respectively. For the twenty-six weeks ended June 29, 2025 versus the comparable prior year period, Branded Salty Snacks net sales increased by 5.2% led by Boulder Canyon and Non-Branded & Non-Salty Snacks net sales decreased by 9.9% due to partner brands and dips and salsas.

Cost of goods sold and Gross profit

Gross profit was $245.0 million and $244.3 million for the twenty-six weeks ended June 29, 2025 and June 30, 2024, respectively. Our gross profit margin was 34.1% for the twenty-six weeks ended June 29, 2025 versus 34.8% for the twenty-six weeks ended June 30, 2024. The slight increase in gross profit was due to productivity savings; however, gross profit margin slightly decreased due to increased investments to support capacity expansion and growth. Additionally, IO discounts decreased to $91.7 million for the twenty-six weeks ended June 29, 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