Company: UTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001739566-25-000153
Chunk: 102

Company: Utz Brands, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 102
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5 and June 30, 2024, respectively, resulting in an increase of $14.9 million or 14.2% for the thirteen weeks ended June 29, 2025 versus the comparable prior year period. The increase was primarily due to higher people, selling, and delivery costs to support our growth.  

(Loss) gain on sale of assets

(Loss) Gain on sale of assets was $(0.9) million and $2.4 million for the thirteen weeks ended June 29, 2025 and June 30, 2024, respectively. 

Other income, net

Other income, net was $0.5 million and $1.6 million for the thirteen weeks ended June 29, 2025 and June 30, 2024, respectively.  Interest expense increased $1.2 million, other loss increased by $0.8 million and the gain on remeasurement of the warrant liability decreased by $0.4 million.  In addition, the thirteen weeks ended June 30, 2024 included a loss on debt extinguishment of $1.3 million.

Income taxes

Income tax benefit was $3.2 million and $1.3 million for the thirteen weeks ended June 29, 2025 and June 30, 2024, respectively. 

22

Twenty-six weeks ended June 29, 2025 versus twenty-six weeks ended June 30, 2024

Net sales

Net sales were $718.8 million and $702.7 million for the twenty-six weeks ended June 29, 2025 and June 30, 2024, respectively. Net sales for the twenty-six weeks ended June 29, 2025 increased $16.1 million or 2.3% over the comparable period in 2024. The 2.3% increase in net sales was primarily driven by a 5.1% benefit from favorable volume/mix, which was offset by a 2.2% reduction from lower net price realization and 0.6% attributable to the Good Health and R.W. Garcia Sale. 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 $91.7 million for the twenty-six weeks ended June 29, 2025, down slightly from $92.1 million for the corresponding twenty-six