Company: UTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001739566-25-000153
Chunk: 9

Company: Utz Brands, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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— 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 June 29, 2025 and December 29, 2024, respectively— — Additional paid-in capital1,017.2 988.5 Accumulated deficit (298.4)(304.7)Accumulated other comprehensive income12.4 18.6 Total stockholders' equity731.2 702.4 Noncontrolling interest646.7 685.3 Total equity1,377.9 1,387.7 Total liabilities and equity$2,837.3 $2,728.4 

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 June 29, 2025 and June 30, 2024

(In millions, except share information)

(Unaudited)

Thirteen weeks ended June 29, 2025Thirteen weeks ended June 30, 2024Twenty-six weeks ended June 29, 2025Twenty-six weeks ended June 30, 2024Net sales$366.7 $356.2 $718.8 $702.7 Cost of goods sold239.9 231.5 473.8 458.4 Gross profit126.8 124.7 245.0 244.3 Selling, distribution, and administrative expensesSelling and distribution85.8 73.8 163.1 147.4 Administrative33.7 30.8 69.6 66.6 Total selling, distribution, and administrative expenses119.5 104.6 232.7 214.0 (Loss) gain on sale of assets, net(0.9)2.4 (0.2)1.9 Income from operations6.4 22.5 12.1 32.2 Other income (loss), netGain on sale of business— — — 44.0 Interest expense(11.4)(10.2)(22.9)(24.0)Loss on debt extinguishment— (1.3)(0