Company: UTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001628280-25-047281
Chunk: 98

Company: Utz Brands, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 98
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65.8 65.2 Marketing (d)6.4 6.1 19.4 15.4 Selling expenses (e)59.7 51.2 166.3 146.9 Administrative expenses (f)34.7 29.9 104.3 96.5 Total selling, distribution, and administrative expenses123.1 110.0 355.8 324.0 (Loss) gain on sale of assets, net(0.5)(1.5)(0.7)0.4 Income from operations3.3 19.5 15.4 51.7 Gain on sale of business— — — 44.0 Interest expense(10.6)(12.6)(33.5)(36.6)Loss on debt extinguishment— — (0.5)(1.3)Other income1.2 0.5 1.0 1.5 (Loss) gain on remeasurement of warrant liability(0.7)(6.4)22.8 (5.3)Other income (loss) income, net(10.1)(18.5)(10.2)2.3 (Loss) income before income taxes(6.8)1.0 5.2 54.0 Income tax expense13.4 0.2 9.6 25.4 Net (loss) income $(20.2)$0.8 $(4.4)$28.6 (a) Conversion costs include direct labor, indirect labor, and overhead expenses.(b) Other cost of goods sold consists of logistics and other charges.(c) Delivery charges related to amounts shipped to distribution centers and end customers, and transfer costs between facilities.(d) Marketing expenses include customer marketing through traditional media, digital and eCommerce, social media, sponsorships, and other costs such as agency costs, and market research.(e) Selling expenses include non-administrative people costs, selling operations, co-op advertising and other customer expenses, broker fees, royalties, and other selling related costs.

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(f) Administrative expenses include administrative people costs, administrative operations, taxes, fees, and other administrative costs, offset by reimbursements from the transaction services agreements described in Note 2. Divestitures.

15.EQUITY

In January 2025, the Noncontrolling Interest Holders exchanged 2