Utz Brands Inc
For the period ended Mar 31, 2024. Filed May 2, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
UTZ$14.25+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
| Thirteen weeks ended March 31, 2024 | Thirteen weeks ended April 2, 2023 | |
|---|---|---|
| Net sales | $346,523 | $351,433 |
| Cost of goods sold | 226,950 | 246,937 |
| Gross profit | 119,573 | 104,496 |
| Selling, distribution, and administrative expenses | ||
| Selling and distribution | 73,666 | 65,046 |
| Administrative | 35,782 | 41,040 |
| Total selling, distribution, and administrative expenses | 109,448 | 106,086 |
| Loss on sale of assets, net | (470) | (508) |
| Income (loss) from operations | 9,655 | (2,098) |
| Other income (expense), net | ||
| Gain on sale of business | 44,015 | — |
| Interest expense | (13,831) | (14,378) |
| Other income | 910 | 1,615 |
| Loss on remeasurement of warrant liability | (11,808) | (2,232) |
| Other income (expense), net | 19,286 | (14,995) |
| Income (loss) before taxes | 28,941 | (17,093) |
| Income tax expense (benefit) | 26,544 | (2,611) |
| Net income (loss) | 2,397 | (14,482) |
| Net (income) loss attributable to noncontrolling interest | (6,387) | 5,355 |
| Net loss attributable to controlling interest | $(3,990) | $(9,127) |
| Loss per Class A Common stock: (in dollars) | ||
| Basic | $(0.05) | $(0.11) |
| Diluted | $(0.05) | $(0.11) |
| Weighted-average shares of Class A Common stock outstanding | ||
| Basic | 81,389,465 | 80,978,008 |
| Diluted | 81,389,465 | 80,978,008 |
| Net income (loss) | $2,397 | $(14,482) |
| Other comprehensive income (loss): | ||
| Change in fair value of interest rate swap | 4,659 | (10,325) |
| Comprehensive income (loss) | 7,056 | (24,807) |
| Net comprehensive (income) loss attributable to noncontrolling interest | (8,352) | 9,722 |
| Net comprehensive loss attributable to controlling interest | $(1,296) | $(15,085) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.