Utz Brands, Inc.
For the period ended Jun 29, 2025. Filed Jul 31, 2025.
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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.
Jun 29, 2025 · Filed Jul 31, 2025
UTZ$14.25+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
| Thirteen weeks ended June 29, 2025 | Thirteen weeks ended June 30, 2024 | Twenty-six weeks ended June 29, 2025 | Twenty-six weeks ended June 30, 2024 | |
|---|---|---|---|---|
| Net sales | $366.7 | $356.2 | $718.8 | $702.7 |
| Cost of goods sold | 239.9 | 231.5 | 473.8 | 458.4 |
| Gross profit | 126.8 | 124.7 | 245.0 | 244.3 |
| Selling, distribution, and administrative expenses | ||||
| Selling and distribution | 85.8 | 73.8 | 163.1 | 147.4 |
| Administrative | 33.7 | 30.8 | 69.6 | 66.6 |
| Total selling, distribution, and administrative expenses | 119.5 | 104.6 | 232.7 | 214.0 |
| (Loss) gain on sale of assets, net | (0.9) | 2.4 | (0.2) | 1.9 |
| Income from operations | 6.4 | 22.5 | 12.1 | 32.2 |
| Other income (loss), net | ||||
| Gain 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), net | 0.5 | 1.6 | (0.1) | 20.8 |
| Income before taxes | 6.9 | 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 interest | 0.4 | (5.6) | 2.2 | (12.0) |
| Net income (loss) attributable to controlling interest | $10.5 | $19.8 | $18.0 | $15.8 |
| Income per Class A Common stock: (in dollars) | ||||
| Basic | $0.12 | $0.24 | $0.21 | $0.19 |
| Diluted | $0.12 | $0.23 | $0.21 | $0.19 |
| Weighted-average shares of Class A Common stock outstanding | ||||
| Basic | 86,118,292 | 81,457,014 | 85,919,842 | 81,423,240 |
| Diluted | 87,679,440 | 84,954,412 | 87,604,543 | 84,762,662 |
| Net income | $10.1 | $25.4 | $15.8 | $27.8 |
| Other comprehensive (loss) income: | ||||
| Change in fair value of interest rate swap | (3.8) | (2.2) | (10.2) | 2.5 |
| Comprehensive income | 6.3 | 23.2 | 5.6 | 30.3 |
| Net comprehensive loss (income) attributable to noncontrolling interest | 1.9 | (4.6) | 6.2 | (13.0) |
| Net comprehensive income attributable to controlling interest | $8.2 | $18.6 | $11.8 | $17.3 |
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