Utz reclassifies logistics costs to COGS; no change to EBITDA or EPS

Utz Brands, Inc.

Reclassifies inter-location logistics, DSD distribution, and outbound shipping costs from SG&A to COGS effective Q4 2025.
Retrospective application to fiscal years 2023, 2024, and 2025 quarterly periods provided in Exhibit 99.1.
Caption "Selling, Distribution and Administrative" changed to "Selling, General and Administrative" with no impact on Net Income, EPS, or Adjusted EBITDA.
Reclassification amounts for FY 2024: $125.6M moved from SG&A to COGS; FY 2023: $105.7M.

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