Company: UTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001739566-25-000153
Chunk: 39

Company: Utz Brands, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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5 1.6 (0.1)20.8 Income before taxes6.9 24.1 12.0 53.0 Income tax (benefit) expense(3.2)(1.3)(3.8)25.2 Net income 10.1 25.4 15.8 27.8 Net loss (income) attributable to noncontrolling interest0.4 (5.6)2.2 (12.0)Net income (loss) attributable to controlling interest$10.5 $19.8 $18.0 $15.8 

21

Thirteen weeks ended June 29, 2025 versus Thirteen weeks ended June 30, 2024

Net sales

Net sales were $366.7 million and $356.2 million for the thirteen weeks ended June 29, 2025 and June 30, 2024, respectively. Net sales for the thirteen weeks ended June 29, 2025 increased $10.5 million or 2.9% over the comparable period in 2024. The 2.9% increase in net sales was primarily driven by a 3.9% benefit from favorable volume/mix, which was offset by a 1.0% reduction from lower net price realization.  Bonus packs had no impact on net sales in the second quarter, as volume/mix gains were offset by the impact on net price.  IO discounts decreased to $47.0 million for the thirteen weeks ended June 29, 2025, down slightly from $47.7 million for the corresponding thirteen weeks ended June 30, 2024.

Sales are evaluated based on classification as Branded Salty Snacks or Non-Branded & Non-Salty Snacks, consisting of partner brands, private label, co-manufacturing for which Utz is the manufacturer, Utz branded non-salty snacks such as On The Border® Dips and Salsas and sales not attributable to specific brands. For the thirteen weeks ended June 29, 2025, Branded Salty Snacks and Non-Branded & Non-Salty Snacks totaled 88% and 12% of our net sales, respectively. For the thirteen weeks ended June 29, 2025 versus the comparable prior year period, Branded Salty Snacks net sales increased by 5.4% led by