Company: UTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001739566-25-000153
Chunk: 79

Company: Utz Brands, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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) 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 2.9% increase in net sales was primarily driven by a 3.9% benefit from favorable volume/mix, which was offset by a 1.0% reduction from lower net price realization.  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 $47.0 million for the thirteen weeks ended June 29, 2025, down slightly from $47.7 million for the corresponding thirteen weeks ended June 30,