Company: UTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001739566-25-000153
Chunk: 81

Company: Utz Brands, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 30, 2024, respectively. 

Other income, net

Other income, net was $0.5 million and $1.6 million for the thirteen weeks ended June 29, 2025 and June 30, 2024, respectively.  Interest expense increased $1.2 million, other loss increased by $0.8 million and the gain on remeasurement of the warrant liability decreased by $0.4 million.  In addition, the thirteen weeks ended June 30, 2024 included a loss on debt extinguishment of $1.3 million.

Income taxes

Income tax benefit was $3.2 million and $1.3 million for the thirteen weeks ended June 29, 2025 and June 30, 2024, respectively. 

22

Twenty-six weeks ended June 29, 2025 versus twenty-six weeks ended June 30, 2024

Net sales

Net sales were $718.8 million and $702.7 million for the twenty-six weeks ended June 29, 2025 and June 30, 2024, respectively. Net sales for the twenty-six weeks ended June 29, 2025 increased $16.1 million or 2.3% over the comparable period in 2024. The 2.3% increase in net sales was primarily driven by a 5.1% benefit from favorable volume/mix, which was offset by a 2.2% reduction from lower net price realization and 0.6% attributable to the Good Health and R.W. Garcia Sale. 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 $91.7 million for the twenty-six weeks ended June 29, 2025, down slightly from $92.1 million for the corresponding twenty-six weeks ended June 30, 2024. 

For the twenty-six weeks ended June 29, 2025, Branded Salty Snacks and Non-Branded & Non-Salty Snacks totaled 87% and 13% of our net sales, respectively. For the twenty-six weeks ended June 29, 2025 versus the comparable prior year period, Branded Salty Snacks net sales increased by 5.2% led by Boulder Canyon and Non-Branded & Non-Salty Snacks net sales decreased by 9