Company: UTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001739566-25-000111
Chunk: 71

Company: Utz Brands, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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676 9,655 Other (expense) incomeGain 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 interest$7,502 $(3,990)

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Thirteen weeks ended March 30, 2025 versus Thirteen weeks ended March 31, 2024

Net sales

Net sales were $352.1 million and $346.5 million for the thirteen weeks ended March 30, 2025 and March 31, 2024, respectively. Net sales for the thirteen weeks ended March 30, 2025 increased $5.6 million or 1.6% over the comparable period in 2024. The 1.6% increase in net sales was related to favorable volume/mix of 6.3% as further discussed below, offset by 3.4% attributable to lower net price realization and 1.3% related to the Good Health and R.W. Garcia Sale . IO discounts increased to $44.7 million for the thirteen weeks ended March 30, 2025, up from $44.4 million for the corresponding thirteen weeks ended March 31, 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 March 30, 2025, Branded Salty Snacks and Non-Branded & Non-Salty Snacks totaled 87% and 13% of our net sales, respectively. For the thirteen weeks ended March 30, 2025 versus the comparable prior year period, Branded Salty Snacks net sales increased by