Company: UTZ
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001739566-25-000053
Chunk: 107

Company: Utz Brands, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 107
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43,272 Deferred tax liability123,744 114,690 Total non-current liabilities1,055,398 1,132,367 Total liabilities1,340,668 1,363,053 Commitments and contingenciesEquityMembers' equityShares of Class A Common Stock, $0.0001 par value; 1,000,000,000 shares authorized; 83,537,542 and 81,187,977 shares issued and outstanding as of December 29, 2024 and December 31, 2023, respectively.8 8 Shares of Class V Common Stock, $0.0001 par value; 61,249,000 shares authorized; 57,349,000 and 59,349,000 shares issued and outstanding as of December 29, 2024 and December 31, 2023, respectively.6 6 Additional paid-in capital988,510 944,573 Accumulated deficit(304,663)(298,049)Accumulated other comprehensive income18,590 22,958 Total stockholders’ equity702,451 669,496 Noncontrolling interest685,293 714,187 Total equity1,387,744 1,383,683 Total liabilities and equity$2,728,412 $2,746,736 

The accompanying notes are an integral part of these consolidated financial statements.

56

Utz Brands, Inc.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the fiscal years ended December 29, 2024, December 31, 2023, and January 1, 2023

(In thousands, except share information)

(in thousands)For the Fiscal Year Ended December 29, 2024For the Fiscal Year Ended December 31, 2023For the Fiscal Year Ended January 1, 2023Net sales$1,409,281 $1,438,237 $1,408,401 Cost of goods sold914,504 981,751 959,344 Gross profit494,777 456,486 449,057 Selling, distribution and administrative expensesSelling and distribution306,151 273,923 294,061 Administrative129,642 159,196 150,343 Total selling, distribution, and administrative expenses435,793 433,119 444,404 (L