0001628280-26-007757
SEC filingUtz Brands, Inc. (UTZ) reported FY 2025 net sales of $1.44B for the period ending December 28, 2025, with gross profit of $358.3M reflecting a gross margin of approximately 24.9%. Despite operational income of $19.5M bolstered by a $9.2M gain on sale of assets, the company posted a pre-tax loss of $600K and net income attributable to controlling interest of $800K. This was impacted by $43.1M interest expense and a $22.8M negative remeasurement of warrant liability, offset partially by noncontrolling interest income of $8.5M. Total assets stood at $2.79B, with stockholders’ equity at $713.7M and noncontrolling interest at $631.2M. Cash and cash equivalents reached $120.4M in current assets. Operating cash flow was robust at $112.2M, supporting $102.8M in property investments despite a net investing outflow of $86.9M. Financing activities provided $39.0M, including dividends of $22.3M and distributions to noncontrolling interests of $15.4M, driving a $64.3M increase in cash. Comprehensive loss to controlling interest was $9.0M due to a $16.1M change in interest rate swap fair value. The balance sheet remains solid with total liabilities at $1.45B and liquidity supporting growth initiatives.
Utz Brands, Inc. reported FY 2025 results ending December 28, 2025, with net sales of $1.44B and cost of goods sold at $1.08B, yielding gross profit of $358.3M. Selling expenses were $203.7M and general/administrative $144.3M, totaling $348.0M SG&A. A $9.2M gain on sale of assets lifted income from operations to $19.5M. Other expenses included $43.1M interest, -$500K debt extinguishment loss, $700K other income, and -$22.8M warrant remeasurement, netting -$20.1M other expense. Pre-tax loss was $600K, with $7.1M tax expense. Net loss was -$7.7M, but controlling interest net income was $800K after -$8.5M noncontrolling interest. Comprehensive loss to controlling interest was -$9.0M, including -$16.1M interest rate swap change. Basic and diluted EPS for Class A shares were $0, with 86.6M basic and 87.8M diluted shares. Total assets $2.79B, equity $1.34B.
Net sales totaled $1.44B. No segment breakdowns, geographic mix, or specific growth drivers are disclosed in the provided data. Gross profit of $358.3M followed $1.08B cost of goods sold.
Gross profit of $358.3M on $1.44B sales implies ~24.9% gross margin. Operating income of $19.5M on $1.44B revenue yields ~1.4% operating margin. SG&A at $348.0M significantly offset gross profit. No prior period margins for comparison. Non-operating items, including warrant liability remeasurement, pressured profitability.
Net cash from operations was $112.2M, adjusted from -$7.7M net loss by $82.4M depreciation/amortization, $17.1M share-based comp, and working capital changes like +$54.5M payables. Investing used $86.9M, mainly $102.8M PPE purchases, offset by $24.6M equipment sales and $26.4M route sales. Financing provided $39.0M despite $22.3M dividends and $15.4M noncontrolling distributions. Cash increased $64.3M to $120.4M. Balance sheet: $384.4M current assets, $2.41B non-current; $323.2M current liabilities, $1.13B non-current; total debt ~$870M; stockholders’ equity $713.7M.
No management guidance, strategic priorities, or risk factors are disclosed in the provided filing data.