Company: UTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001739566-25-000153
Chunk: 100

Company: Utz Brands, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 100
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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 incomeGain on sale of business— — — 44.0 Interest expense(11.4)(10.2)(22.9)(24.0)Loss on debt extinguishment— (1.3)(0.5)(1.3)Other (loss) income(0.6)0.2 (0.2)1.0 Gain on remeasurement of warrant liability 12.5 12.9 23.5 1.1 Other income (loss), net0.5 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