UTZ Q2 2026 Earnings Report

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I butz BRANDS Utz Brands Reports Second Quarter 2026 Results Company Recently Announced Agreement to Take Utz Private Hanover , PA - August 5 , 2026 – Utz Brands , Inc. ( NYSE : UTZ ) ( “ Utz " or the " Company " ) , a leading U.S. manufacturer of branded Salty Snacks and a small - cap growth and value Staples equity , today reported financial results for the Company's second fiscal quarter ended June 28 , 2026 . 2Q'26 Summary ( 1 ) Total Organic Net Sales increased 1.4 % ; Branded Salty Snacks Organic Net Sales increased 3.3 % • Net Sales increased 1.4 % to $ 371.8 million • • Gross Profit Margin decrease of 10bps • • • • • • • • Adjusted Gross Profit Margin expansion of 150bps Net Income decreased to $ ( 16.0 ) million Adjusted Net Income increased 14.8 % to $ 27.1 million EBITDA decreased 55.5 % to $ 17.4 million Adjusted EBITDA increased 14.4 % to $ 55.7 million Diluted Earnings Per Share decreased to $ ( 0.11 ) Adjusted Earnings Per Share increased 11.8 % to $ 0.19 Cash Flow Provided by Operations was $ 11.7 million Adjusted Free Cash Flow improved to $ ( 0.7 ) million Net Leverage Ratio improved and decreased 0.6x to 3.5x ( 1 ) All comparisons for the second quarter of 2026 are to the second quarter of 2025 ( ended June 29 , 2025 ) . " We delivered another quarter of solid growth in net sales and Adjusted EBITDA , led by 3.3 % Branded Salty Snacks growth , " said Howard Friedman , Chief Executive Officer of Utz . " I was pleased with our execution in the quarter and the business performance through the first half , including the continued year - over - year improvement in adjusted free cash flow and net leverage . " Recent Agreement to Take Utz Private On July 20 , 2026 , Utz and Intersnack Group GmbH & Co. KG ( " Intersnack Group " or " Intersnack " ) entered into a definitive agreement pursuant to which certain subsidiaries of Intersnack Group will acquire all outstanding shares of Class A Common Stock of the Company for $ 14.25 per share in cash . Upon closing the transaction , Utz will become a private company with the Rice and Lissette Family Entities ( the " Rice and Lissette Family " ) and Intersnack Group each owning 50 % of Utz . As such , the Company will not provide its outlook for 2026 and will not hold a conference call to discuss the Company's financial results for the second quarter and year - to - date period ended June 28 , 2026. The Company expects the transaction to close in the fourth quarter of 2026 , subject to satisfaction of closing conditions .

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13-Weeks Ended 26-Weeks Ended (in $millions, except per shareamounts) June 28, 2026 June 29, 2025 % Change June 28, 2026 June 29, 2025 % Change Net Sales $ 371.8 $ 366.7 1.4 % $ 733.1 $ 718.8 2.0 % Organic Net Sales 371.8 366.7 1.4 % 733.1 718.8 2.0 % Gross Proﬁt 96.2 95.3 0.9 % 188.1 177.7 5.9 % Gross Proﬁt Margin 25.9 % 26.0 % (10)bps 25.7 % 24.7 % 100 bps Adjusted Gross Proﬁt 123.6 116.2 6.4 % 235.0 217.4 8.1 % Adjusted Gross ProﬁtMargin 33.2 % 31.7 % 150 bps 32.1 % 30.2 % 190 bps Selling, General, andAdministrative 101.3 88.0 15.1 % 186.7 165.4 12.9 % Selling, General, andAdministrative Margin 27.2 % 24.0 % 320 bps 25.5 % 23.0 % 250 bps Adjusted Selling,General, andAdministrative 67.9 67.4 0.7 % 131.4 123.5 6.4 % Adjusted Selling,General andAdministrative Margin 18.3 % 18.4 % (10)bps 17.9 % 17.2 % 70 bps Net (Loss) Income (16.0) 10.1 nm (18.4) 15.8 nm Net (Loss) Income Margin (4.3)% 2.8 % nm (2.5)% 2.2 % nm Adjusted Net Income 27.1 23.6 14.8 % 48.4 45.9 5.4 % EBITDA 17.4 39.1 (55.5)% 47.7 73.9 (35.5)% Adjusted EBITDA 55.7 48.7 14.4 % 103.6 93.8 10.4 % Adjusted EBITDA Margin 15.0 % 13.3 % 170 bps 14.1 % 13.0 % 110 bps Basic (Loss) Income PerShare $ (0.11) $ 0.12 nm $ (0.13) $ 0.21 nm Adjusted Earnings PerDiluted Share $ 0.19 $ 0.17 11.8 % $ 0.34 $ 0.32 6.3 % Cash Flow FromOperations 11.7 16.3 (28.2)% (0.5) (3.9) 87.2 % Adjusted Free Cash Flow (0.7) (10.6) 93.4 % (26.6) (68.8) 61.3 % Second Quarter 2026 Results Second quarter Net Sales increased 1.4% to $371.8 million compared to $366.7 million in the prior year period. Organic Net Sales increased 1.4% year-over-year, driven by a favorable net price realization of 3.6% partially oﬀset by lower volume/mix of (2.2)%. The Bonus Packs promotion in the prior year second quarter had a net neutral 0.6 point impact on both volume/mix and price. Excluding the Bonus Packs promotion, net price realization increased 3.0% and volume/mix decreased 1.6%. Branded Salty Snacks Organic Net Sales (representing 89% of total Net Sales) increased 3.3% led by our Power Four Brands, oﬀset by a 12.1% decline in Non-Branded & Non-Salty SnacksOrganic Net Sales , primarily due to Non- Branded, which was impacted by accelerated elimination of low margin items. For the 13-week period ended June 28, 2026, the Company’s Branded Salty Snacks Retail Sales increased 0.3% versus the prior year period, compared to a 0.8% increase for the Salty Snack category overall . The Company’s Retail Volumes decreased by 4.6%, impacted by the lap of Bonus Packs, compared to a 1.1% increase for the Salty Snack category. The (1) (1) (3) (3) (3)

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Company drove Retail Sales gains in its Expansion Geographies . The Company’s Power Four Brands of Utz®, On The Border®, Zapp’s® and Boulder Canyon® Retail Sales increased by 2.0%. Gross Proﬁt Margin of 25.9% decreased 10bps compared to 26.0% in the prior year period. Adjusted Gross Proﬁt Margin of 33.2% expanded 150bps compared to 31.7% in the prior year period. The increase in Adjusted Gross Proﬁt Margin was driven by productivity savings, which more than oﬀset supply chain cost inﬂation. Selling, General, and Administrative Expenses (“SG&A Expenses”) were $101.3 million, or 27.2% of Net Sales, compared to $88.0 million, or 24.0% of Net Sales, in the prior year period. Adjusted SG&A Expenses were $67.9 million, or 18.3% of Net Sales, compared to $67.4 million, or 18.4% of Net Sales, in the prior year period. The decrease in Adjusted SG&A Expenses as a percentage of Net Sales was primarily due to Adjusted SG&A expense leverage, partially oﬀset by increased marketing. The Company reported a Net Loss of $16.0 million compared to Net Income of $10.1 million in the prior year period. Net Income in the prior year period beneﬁted from a $12.5 million gain from the remeasurement of the warrant liability. Adjusted Net Income in the quarter increased 14.8% to $27.1 million compared to $23.6 million in the prior year period. Adjusted Earnings Per Share increased 11.8% to $0.19 compared to $0.17 in the prior year period. The Adjusted Earnings Per Share increase was primarily the result of higher Adjusted Net Income. The Company reported EBITDA of $17.4 million compared to EBITDA of $39.1 million in the prior year period. Adjusted EBITDA increased 14.4% to $55.7 million, or 15.0% as a percentage of Net Sales, compared to $48.7 million, or 13.3% as a percentage of Net Sales, in the prior year period. The increase in Adjusted EBITDA was driven by Adjusted Gross Proﬁt Margin expansion, which more than oﬀset the increase in Adjusted SG&A expenses. (1) Versus prior year period. (2) As measured by Circana MULO+ w/convenience. (3) See “Other Deﬁned Terms” for deﬁnitions. Balance Sheet and Cash Flow Highlights • As of June 28, 2026 ◦ Total liquidity of $212.7 million, consisting of cash on hand of $58.6 million and $154.1 million available under the Company’s revolving credit facility. ◦ Net debt of $791.0 million resulting in a Net Leverage Ratio of 3.5x based on trailing twelve months Adjusted EBITDA of $226.3 million. • For the twenty-six weeks ended June 28, 2026 ◦ Cash ﬂow used in operations was $0.5 million. ◦ Capital expenditures were $27.4 million, and dividends and distributions paid were $18.8 million. ◦ Adjusted Free Cash Flow of $(26.6) million. Fiscal Year 2026 Outlook Due to the pending take private transaction, the Company will not be providing further updates to forward-looking guidance for 2026. Conference Call and Webcast Presentation Due to the pending take private transaction, Utz Brands will not host an investor call to discuss quarterly and year-to-date results. About Utz Brands, Inc. Utz Brands, Inc. (NYSE: UTZ) manufactures a diverse portfolio of savory snacks through popular brands, including Utz®, On The Border® Chips & Dips, Zapp’s®, and Boulder Canyon®, among others. (2)(3)

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After over a century with a strong family heritage, Utz continues to have a passion for exciting and delighting consumers with delicious snack foods made from top-quality ingredients. Utz's products are distributed nationally through grocery, mass merchandisers, club, convenience, drug, and other channels. Based in Hanover, Pennsylvania, Utz has multiple manufacturing facilities located across the U.S. to serve our growing customer base. For more information, please visit the Company’s website or call 1-800-FOR-SNAX. Investors and others should note that Utz announces material ﬁnancial information to its investors using its Investor Relations website, U.S. Securities and Exchange Commission (the “Commission”) ﬁlings, press releases, public conference calls, and webcasts. Utz uses these channels, as well as social media, to communicate with our stockholders and the public about the Company, the Company’s products, and other Company information. It is possible that the information that Utz posts on social media could be deemed to be material information. Therefore, Utz encourages investors, the media, and others interested in the Company to review the information posted on the social media channels listed on Utz’s Investor Relations website. Investor Contact Trevor Martin Utz Brands, Inc. tmartin@utzsnacks.com Media Contact Colleen Farley Utz Brands, Inc. cfarley@utzsnacks.com Forward-Looking Statements This press release includes certain statements made herein that are not historical facts but are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements relate to expectations for future ﬁnancial performance, business strategies, or expectations for the Company’s business. The forward-looking statements may be accompanied by, preceded by, followed by, or include, without limitation, statements such as “may,” “can,” “should,” “will,” “estimate,” “plan,” “project,” "forecast,” "intend,” "expect,” “anticipate,” “believe,” “seek,” “target,” “goal,” “on track,” or other similar words, phrases or expressions. These forward-looking statements may include the Company's future ﬁnancial position, capital structure, indebtedness, business strategy, opportunities and plans and objectives of management for future operations, including with respect to promotional activities and eﬀorts to build sustainable long-term demand for the Company's products; the beneﬁts of the Company's acquisitions, dispositions and similar transactions; the likelihood of the Company completing contemplated acquisitions, dispositions and similar transactions; the future operating and ﬁnancial performance of the Company; expansion plans and opportunities; cost savings plans and network optimization strategies; transformation of the Company’s supply chain; the Company’s product mix; the Company’s expectations regarding its level of indebtedness and associated interest expense impacts; the Company’s cost savings plans and logistics optimization eﬀorts; the eﬀects of inﬂation, tariﬀs, or supply chain disruptions on the Company or its business; the beneﬁts of the Company’s productivity initiatives; the eﬀects of the Company’s marketing and innovation initiatives; the proposed transaction with Intersnack Group, including the expected timing, closing conditions and likelihood and eﬀects of the consummation thereof; and other statements that are not historical facts. These statements are based on the current expectations of the Company’s management and are not predictions of actual performance These forward-looking statements reﬂect management’s current expectations, forecasts and assumptions and involve a number of judgments regarding known and unknown risks, uncertainties and other factors, many of which are outside the control of the Company and its directors, oﬃcers and aﬃliates. Accordingly, forward-looking statements should not be relied upon as representing the Company’s views as of any subsequent date. The Company does not undertake any obligation to update, add to or otherwise correct any forward looking statements contained herein to reﬂect events or circumstances after the date they were made, whether as a result of new information, future events, inaccuracies that become apparent after the date hereof or otherwise, except as may be

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required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, the Company’s results or performance may be materially diﬀerent from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to diﬀer include, without limitation: our operation in an industry with high levels of competition and consolidation; our reliance on key customers and ability to obtain favorable contractual terms and protections with customers; changes in demand for our products driven by changes in consumer preferences and tastes or our ability to innovate or market our products eﬀectively; changes in consumers’ loyalty to our brands due to factors beyond our control; impacts on our reputation caused by concerns relating to the quality and safety of our products, ingredients, packaging, or processing techniques; the potential that our products might need to be recalled if they become adulterated or are mislabeled; the loss of retail shelf space and disruption to sales of food products due to changes in retail distribution arrangements; our reliance on third parties to eﬀectively operate both our direct-to-warehouse delivery system and our direct-store-delivery network system; the evolution of e-commerce retailers and sales channels; disruption to our manufacturing operations, supply chain, or distribution channels; the eﬀects of inﬂation, including rising labor costs; increased fuel prices; shortages of raw materials, energy, water, and other supplies; changes in the legal and regulatory environments in which we operate, including with respect to tax legislation; potential liabilities and costs from litigation, claims, legal or regulatory proceedings, inquiries, or investigations into our business; potential adverse eﬀects or unintended consequences related to the implementation of our growth strategy; our ability to successfully identify and execute acquisitions or dispositions and to manage integration or carve out issues following such transactions; the geographic concentration of our markets; our ability to attract and retain highly skilled personnel; impairment in the carrying value of goodwill or other intangible assets; our ability to protect our intellectual property rights; disruptions, failures, or security breaches of our information technology infrastructure; including cyber incidents; climate change or legal, regulatory or market measures to address climate change; our exposure to liabilities, claims or new laws or regulations with respect to environmental matters; the increasing focus and opposing views, legislation and expectations with respect to ESG initiatives; restrictions on our operations imposed by covenants in our debt instruments; our exposure to changes in interest rates; adverse impacts from disruptions in the worldwide ﬁnancial markets, including on our ability to obtain new credit; our exposure to any new or increased income or product taxes; pandemics, epidemics or other disease outbreaks; our exposure to changes to trade policies and tariﬀ and import/export regulations by the United States and other jurisdictions; potential volatility in our Class A Common Stock caused by resales thereof; our dependence on distributions made by our subsidiaries; our payment obligations pursuant to a tax receivable agreement, which in certain cases may exceed the tax beneﬁts we realize or be accelerated; provisions of Delaware law and our governing documents and other agreements that could limit the ability of stockholders to take certain actions or delay or discourage takeover attempts that stockholders may consider favorable; our exclusive forum provisions in our governing documents; the inﬂuence of certain signiﬁcant stockholders and members of Utz Brands Holdings, LLC, whose interests may diﬀer from those of our other stockholders; the risk that the proposed transaction with the Intersnack Group may not be completed in a timely manner, or at all, including because required stockholder or regulatory approvals or other closing conditions are not satisﬁed or waived; the eﬀects of the announcement and pendency of the proposed transaction on our business, employees and relationships with customers, suppliers, independent operators and other business partners, including the diversion of management's attention and the restrictions on the conduct of our business under the interim operating covenants; the signiﬁcant transaction costs we have incurred and expect to continue to incur, whether or not the transaction is completed; litigation relating to the proposed transaction, including injunctions or other orders that could delay or prevent its completion; the limitations on our ability to pursue alternative transactions and our obligation to pay a termination fee in speciﬁed circumstances; the loss of the opportunity for holders of our Class A Common Stock to participate in any future growth of the Company if the transaction is completed; and other risks and uncertainties set forth in Part I, Item 1A "Risk Factors" in our Annual Report on Form 10-K for the year ended December 28, 2025 and in the other reports we ﬁle with the U.S. Securities and Exchange Commission from time to time. Non-GAAP Financial Measures: Utz uses non-GAAP ﬁnancial information and believes it is useful to investors as it provides additional information to facilitate comparisons of historical operating results and identify trends in our underlying operating results, and it provides additional insight and transparency on how we evaluate the business. We use non-GAAP ﬁnancial measures to budget, make operating and strategic decisions, and evaluate our performance. These non-GAAP ﬁnancial measures do not represent ﬁnancial performance in accordance with generally accepted accounting principles in the United States

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(“GAAP”) and may exclude items that are signiﬁcant to understanding and assessing ﬁnancial results. Therefore, these measures should not be considered in isolation or as an alternative to net income, cash ﬂows from operations, earnings per share or other measures of proﬁtability, liquidity, or performance under GAAP. You should be aware that the presentation of these measures may not be comparable to similarly titled measures used by other companies. Management believes that non-GAAP ﬁnancial measures should be considered as supplements to the GAAP measures reported, should not be considered replacements for, or superior to, the GAAP measures, and may not be comparable to similarly named measures used by other companies. The Company’s calculation of the non-GAAP ﬁnancial measures may diﬀer from methods used by other companies. We believe that these non-GAAP ﬁnancial measures provide useful information to investors regarding certain ﬁnancial and business trends relating to the ﬁnancial condition and results of operations of the Company to date when considered with both the GAAP results and the reconciliations to the most comparable GAAP measures, and that the presentation of non-GAAP ﬁnancial measures is useful to investors in the evaluation of our operating performance compared to other companies in the Salty Snack industry, as similar measures are commonly used by the companies in this industry. These non-GAAP ﬁnancial measures are subject to inherent limitations as they reﬂect the exercise of management judgment about which items of expense and income are excluded or included in determining these non-GAAP ﬁnancial measures. The non-GAAP ﬁnancial measures are not recognized in accordance with GAAP and should not be viewed as an alternative to GAAP measures. As new events or circumstances arise, these deﬁnitions could change. When the deﬁnitions change, we will provide the updated deﬁnitions and present the related non-GAAP historical results on a comparable basis. During the ﬁrst quarter of 2026, the Company revised the categorization of certain charges and gains that were historically categorized as acquisition, divestitures and investments, business transformation, and ﬁnancing-related costs. The Company is now presenting the associated charges and gains within the categories supply chain transformation and corporate transformation. The nature of the charges and gains included in these adjustments, as well as the total amount of all of these adjustments in all prior periods presented, are unchanged. We believe that this change provides a better reﬂection of the impact of the charges and gains and aligns with how management views the adjustments internally. Prior period balances have been reclassiﬁed to conform to the current presentation. Additionally, the Company has revised the presentation of its reconciliations of Adjusted Gross Proﬁt, Adjusted Gross Proﬁt Margin, Adjusted Selling, General, and Administrative Expenses, EBITDA, Adjusted EBITDA, Adjusted Net Income, and Adjusted Earnings Per Share to the most directly comparable GAAP measures. We believe the revised presentation of reconciliation information provides investors with helpful context on the impacts of the adjustments. Utz uses the following non-GAAP ﬁnancial measures in its ﬁnancial communications, and in the future could use others: • Organic Net Sales • Adjusted Gross Proﬁt • Adjusted Gross Proﬁt as % of Net Sales (Adjusted Gross Proﬁt Margin) • Adjusted Cost of Goods Sold (COGS) • Adjusted Selling, General and Administrative Expense • Adjusted Selling, General and Administrative Expense as % of Net Sales (Adjusted Selling, General and Administrative Expense Margin) • Adjusted Net Income • Adjusted Earnings Per Share • Adjusted Earnings Before Taxes • EBITDA • Adjusted EBITDA • Adjusted EBITDA as % of Net Sales (Adjusted EBITDA Margin) • Eﬀective Normalized Tax Rate • Net Leverage Ratio • Adjusted COGS • Branded Salty Snacks Organic Net Sales • Non-Branded & Non-Salty Snacks Organic Net Sales

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• Adjusted Free Cash Flow Organic Net Sales is deﬁned as Net Sales excluding the impacts of acquisitions, divestitures and independent operator (“IO”) route conversions that took place after 1Q’2024. Adjusted Gross Proﬁt represents Gross Proﬁt excluding Depreciation and Amortization expense, a non-cash item. In addition, Adjusted Gross Proﬁt excludes the impact of costs that fall within the categories of non-cash adjustments and/or other cash adjustment items such as those related to stock-based compensation, hedging and purchase commitments adjustments, asset impairments, supply chain transformation, and corporate transformation. Adjusted Gross Proﬁt is one of the key performance indicators that our management uses to evaluate operating performance. We also report Adjusted Gross Proﬁt as a percentage of Net Sales as an additional measure for investors to evaluate our Adjusted Gross Proﬁt Margin. Adjusted Cost of Goods Sold (COGS) represents Net Sales less Adjusted Gross Proﬁt Adjusted Selling, General and Administrative Expense is deﬁned as all Selling, General and Administrative expense excluding Depreciation and Amortization expense, a non-cash item. In addition, Adjusted Selling, General and Administrative Expense excludes the impact of costs that fall within the categories of non-cash adjustments and/or other cash adjustment items such as those related to stock-based compensation, hedging and purchase commitments adjustments, asset impairments, supply chain transformation, and corporate transformation. We also report Adjusted Selling, General and Administrative Expense as a percentage of Net Sales as an additional measure for investors to evaluate our Adjusted Selling, General and Administrative Margin. Adjusted Net Income is deﬁned as Net Income excluding Depreciation and Amortization expense, a non-cash item, related to fair value adjustments on property, plant, and equipment, and deﬁnite-lived intangibles relating to business combinations recorded in prior periods. In addition, Adjusted Net Income excludes deferred ﬁnancing fees, interest income, and expense relating to IO loans and certain non-cash adjustments and/or other cash adjustment items such as those related to stock- based compensation, hedging, and purchase commitments adjustments, asset impairments, supply chain transformation, corporate transformation, remeasurement of warrant liabilities. Lastly, Adjusted Net Income normalizes the income tax provision to account for the above-mentioned adjustments. Adjusted Earnings Before Taxes is deﬁned as Adjusted Net Income before normalized GAAP basis tax expense. Adjusted Earnings Per Share is deﬁned as Adjusted Net Income divided by the weighted average shares outstanding for each period on a fully diluted basis assuming the shares of Class V Common Stock of the Company are converted to Class A Common Stock of the Company. EBITDA is deﬁned as Net Income Before Interest, Income Taxes, and Depreciation and Amortization. Adjusted EBITDA is deﬁned as EBITDA further adjusted to exclude certain non-cash adjustments and/or other cash adjustment items, such as stock-based compensation, hedging and purchase commitments adjustments, asset impairments, supply chain transformation, and corporate transformation. Adjusted EBITDA is one of the key performance indicators we use in evaluating our operating performance and in making ﬁnancial, operating, and planning decisions. We believe Adjusted EBITDA is useful to the users of this release because the ﬁnancial information contained in the release can be used in the evaluation of Utz’s operating performance compared to other companies in the Salty Snack industry, as similar measures are commonly used by companies in this industry. In this release, we also provide Adjusted EBITDA as a percentage of Net Sales as an additional measure for readers to evaluate our Adjusted EBITDA Margin. Adjusted Free Cash Flow is deﬁned as Cash Flow from Operating Activities on the Consolidated Statements of Cash Flows less Purchases of Property and Equipment (Capital Expenditures) plus Net Proceeds from Sale of Property and Equipment, both included in Cash ﬂow from investing activities on the Consolidated Statements of Cash Flows.

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Eﬀective Normalized Tax Rate is deﬁned as normalized GAAP basis tax expense, which excludes one-time items, divided by Adjusted Earnings before Taxes. Net Leverage Ratio is deﬁned as trailing twelve month Net Debt divided by Adjusted EBITDA. Net Debt is deﬁned as Gross Debt less Cash and Cash Equivalents. Other Deﬁned Terms: Branded Salty Snacks is deﬁned as Power Four Brands and Other Brands. Power Four Brands consist of the Utz® brand, On The Border®, Zapp’s®, and Boulder Canyon®. Other Brands include Golden Flake®, TORTIYAHS!®, Hawaiian®, Bachman®, Tim’s Cascade®, Dirty Potato Chips®, TGI Fridays® and Vitner's®. Non-Branded & Non-Salty Snacks is deﬁned as partner brands, private label, co-manufacturing for which we are the manufacturer, Utz branded non-salty snacks such as On The Border® Dips and Salsa, and sales not attributable to speciﬁc brands.

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Utz Brands, Inc. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the thirteen and twenty-six weeks ended June 28, 2026 and June 29, 2025 (In millions, except share information) (Unaudited) Thirteen weeksended June 28, 2026 Thirteen weeksended June 29, 2025 Twenty-six weeksended June 28, 2026 Twenty-six weeksended June 29, 2025 Net sales $ 371.8 $ 366.7 $ 733.1 $ 718.8 Cost of goods sold 275.6 271.4 545.0 541.1 Gross proﬁt 96.2 95.3 188.1 177.7 Selling, general, and administrative expenses Selling 64.6 54.3 115.7 95.8 General and administrative 36.7 33.7 71.0 69.6 Total selling, general, and administrative expenses 101.3 88.0 186.7 165.4 (Loss) gain on sale of assets, net (0.4) (0.9) 0.9 (0.2) (Loss) income from operations (5.5) 6.4 2.3 12.1 Other (loss) income, net Interest expense (10.7) (11.4) (21.1) (22.9) Loss on debt extinguishment — — — (0.5) Other (loss) income — (0.6) 0.8 (0.2) Gain on remeasurement of warrant liability — 12.5 — 23.5 Other (loss) income, net (10.7) 0.5 (20.3) (0.1) (Loss) income before taxes (16.2) 6.9 (18.0) 12.0 Income tax (beneﬁt) expense (0.2) (3.2) 0.4 (3.8) Net (loss) income (16.0) 10.1 (18.4) 15.8 Net loss attributable to noncontrolling interest 5.9 0.4 6.6 2.2 Net (loss) income attributable to controlling interest $ (10.1) $ 10.5 $ (11.8) $ 18.0 (Loss) income per Class A Common stock: (in dollars) Basic $ (0.11) $ 0.12 $ (0.13) $ 0.21 Diluted $ (0.11) $ 0.12 $ (0.13) $ 0.21 Weighted-average shares of Class A Common stock outstanding Basic 88,510,845 86,118,292 88,429,350 85,919,842 Diluted 88,510,845 87,679,440 88,429,350 87,604,543 Net (loss) income $ (16.0) $ 10.1 $ (18.4) $ 15.8 Other comprehensive (loss) income: Change in fair value of interest rate swap (1.8) (3.8) 0.5 (10.2) Comprehensive (loss) income (17.8) 6.3 (17.9) 5.6 Net comprehensive loss attributable to noncontrolling interest 6.6 1.9 6.4 6.2 Net comprehensive (loss) income attributable to controlling interest $ (11.2) $ 8.2 $ (11.5) $ 11.8

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Utz Brands, Inc. CONSOLIDATED BALANCE SHEETS June 28, 2026 and December 28, 2025 (In millions, except per share information) As ofJune 28, 2026 As of December 28,2025 (Unaudited) ASSETS Current Assets Cash and cash equivalents $ 58.6 $ 120.4 Accounts receivable, less allowance of $3.5 and $3.3, respectively 123.6 100.8 Inventories 128.7 119.3 Prepaid expenses and other assets 47.1 39.9 Current portion of notes receivable 4.1 4.0 Total current assets 362.1 384.4 Non-current Assets Assets held for sale 9.1 10.3 Property, plant and equipment, net 379.7 379.2 Goodwill 865.2 865.2 Intangible assets, net 948.5 963.9 Non-current portion of notes receivable 9.9 10.8 Other assets 201.0 179.8 Total non-current assets 2,413.4 2,409.2 Total assets $ 2,775.5 $ 2,793.6 LIABILITIES AND EQUITY Current Liabilities Current portion of term debt $ 38.6 $ 31.4 Current portion of other notes payable 6.0 6.5 Accounts payable 196.7 197.4 Accrued expenses and other 99.4 87.9 Total current liabilities 340.7 323.2 Non-current portion of term debt and revolving credit facility 800.2 818.2 Non-current portion of other notes payable 12.0 14.2 Non-current accrued expenses and other 180.4 166.5 Deferred tax liability 128.5 126.6 Total non-current liabilities 1,121.1 1,125.5 Total liabilities 1,461.8 1,448.7 Commitments and Contingencies Equity Shares of Class A Common Stock, $0.0001 par value; 1,000,000,000 shares authorized; 88,548,477 and 87,509,774shares issued and outstanding as of June 28, 2026 and December 28, 2025, respectively — — Shares of Class V Common Stock, $0.0001 par value; 61,249,000 shares authorized; 55,349,000 shares issued andoutstanding as of both June 28, 2026 and December 28, 2025 — — Additional paid-in capital 1,042.4 1,037.0 Accumulated deﬁcit (350.1) (326.6) Accumulated other comprehensive income 3.6 3.3 Total stockholders' equity 695.9 713.7 Noncontrolling interest 617.8 631.2 Total equity 1,313.7 1,344.9 Total liabilities and equity $ 2,775.5 $ 2,793.6

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Utz Brands, Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS For the twenty-six weeks ended June 28, 2026 and June 29, 2025 (In millions) (Unaudited) Twenty-six weeks endedJune 28, 2026 Twenty-six weeks endedJune 29, 2025 Cash ﬂows from operating activities Net (loss) income $ (18.4) $ 15.8 Adjustments to reconcile net (loss) income to net cash used in operating activities: Impairment and other charges 0.2 0.6 Depreciation and amortization 45.4 40.0 Gain on remeasurement of warrant liability — (23.5) (Gain) loss on sale of assets (0.9) 0.2 Loss on debt extinguishment — 0.5 Share-based compensation 7.1 7.0 Deferred taxes 1.9 (1.1) Deferred ﬁnancing costs 0.6 0.7 Changes in assets and liabilities: Accounts receivable, net (22.8) (41.4) Inventories (9.4) (24.2) Prepaid expenses and other assets 2.3 (17.5) Accounts payable and accrued expenses and other (6.5) 39.0 Net cash used in operating activities (0.5) (3.9) Cash ﬂows from investing activities Purchases of property and equipment (27.4) (65.7) Proceeds from sale of property and equipment 1.3 0.8 Proceeds from sale of routes 17.9 11.7 Proceeds from the sale of IO notes 2.5 3.9 Purchases of IO routes and other changes in note receivables (23.8) (22.0) Net cash used in investing activities (29.5) (71.3) Cash ﬂows from ﬁnancing activities Borrowings on line of credit 145.0 135.0 Repayments on line of credit (144.9) (74.5) Borrowings on term debt and notes payable 5.6 50.8 Repayments on term debt and notes payable (17.0) (13.6) Payment of debt issuance cost — (1.7) Payments of tax withholding requirements for employee stock awards (1.7) (2.2) Dividends paid (11.8) (11.6) Distribution to noncontrolling interest (7.0) (8.5) Net cash (used in) provided by ﬁnancing activities (31.8) 73.7 Net decrease in cash and cash equivalents (61.8) (1.5) Cash and cash equivalents at beginning of period 120.4 56.1 Cash and cash equivalents at end of period $ 58.6 $ 54.6

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Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures (Amounts may not sum due to rounding) Net Sales and Organic Net Sales 13-Weeks Ended 26-Weeks Ended (dollars in millions) June 28, 2026 June 29, 2025 Change June 28, 2026 June 29, 2025 Change Net Sales as Reported $ 371.8 $ 366.7 1.4 % $ 733.1 $ 718.8 2.0 % Organic Net Sales $ 371.8 $ 366.7 1.4 % $ 733.1 $ 718.8 2.0 % Net Sales Growth Drivers 13-Weeks Ended June 28, 2026 26-weeks Ended June 28, 2026 (% change in prior year net sales) Branded SaltySnacks Non-Branded &Non-SaltySnacks Total Branded SaltySnacks Non-Branded &Non-SaltySnacks Total Net Sales as Reported $ 332.5 $ 39.3 $ 371.8 $ 654.3 $ 78.8 $ 733.1 Net Sales as Reported Growth Versus Prior Year 3.3 % (12.1)% 1.4 % 4.2 % (13.3)% 2.0 % Volume/mix (0.7)% (12.6)% (2.2)% 0.1 % (14.0)% (1.6)% Pricing 4.0 0.5 3.6 4.1 0.7 3.6 Organic Net Sales Growth Versus Prior Year 3.3 % (12.1)% 1.4 % 4.2 % (13.3)% 2.0 % Divestiture — — — — — — Net Sales as Reported Growth Versus Prior Year 3.3 % (12.1)% 1.4 % 4.2 % (13.3)% 2.0 % (1) Branded Salty Snacks sales excluding IO unreported sales. (2) Non-Branded & Non-Salty Snacks including IO unreported sales. (1) (2) (1) (2)

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Adjusted Gross Proﬁt; Adjusted Gross Margin, Adjusted Selling, General, and Administrative Expenses, EBITDA, Adjusted EBITDA, Adjusted Net Income, and Adjusted Earnings per Share 13-weeks Ended June 28, 2026 (dollars in millions) As Reported Depreciationand Amortization Other Adj. EBITDA Supply Chain Transformation Corporate Transformation Other Non-Cash Adj. Other Adj. Adjusted EBITDA Other Adj. AdjustedNet Income Net sales $ 371.8 $ — $ — $ 371.8 $ — $ — $ — $ — $ 371.8 $ — $ 371.8 Cost of goods sold (275.6) 11.3 — (264.3) 10.1 3.0 3.0 — (248.2) (9.3) (257.5) Gross proﬁt 96.2 11.3 — 107.5 10.1 3.0 3.0 — 123.6 (9.3) 114.3 Gross margin 25.9 % 33.2 % Selling, general and administrativeexpenses (101.3) 11.6 — (89.7) 0.3 16.0 5.5 — (67.9) (3.0) (70.9) Gain on sale of assets, net (0.4) — — (0.4) — 0.4 — — — — — Income fromoperations (5.5) 22.9 — 17.4 10.4 19.4 8.5 — 55.7 (12.3) 43.4 Interest expense (10.7) — 10.7 — — — — — — (10.4) (10.4) Other income, net — — — — — — — — — 0.2 0.2 Loss (income) beforeincome taxes (16.2) 22.9 10.7 17.4 10.4 19.4 8.5 — 55.7 (22.5) 33.2 Income tax expense (0.2) — 0.2 — — — — — — 6.1 6.1 Net loss (income) $ (16.0) $ 22.9 $ 10.5 $ 17.4 $ 10.4 $ 19.4 $ 8.5 $ — $ 55.7 $(28.6) $ 27.1 Average Weighted Basic Shares Outstanding on an As-Converted Basis 143.9 Fully Diluted Shares on an As-Converted Basis 144.1 Adjusted Earnings Per Share $ 0.19 26-weeks Ended June 28, 2026 (dollars in millions) As Reported DepreciationandAmortization OtherAdj. EBITDA Supply ChainTransformation CorporateTransformation OtherNon-Cash Adj. OtherAdj. AdjustedEBITDA OtherAdj. AdjustedNetIncome Net sales $ 733.1 $ — $ — $ 733.1 $ — $ — $ — $ — $ 733.1 $ — $ 733.1 Cost of goods sold (545.0) 22.2 — (522.8) 17.7 5.5 1.5 — (498.1) (18.2) (516.3) Gross proﬁt 188.1 22.2 — 210.3 17.7 5.5 1.5 — 235.0 (18.2) 216.8 Gross margin 25.7 % 32.1 % Selling, general andadministrative expenses (186.7) 23.2 — (163.5) 0.6 20.7 10.8 — (131.4) (5.9) (137.3) Gain on sale of assets,net 0.9 — — 0.9 — (0.9) — — — — — Income fromoperations 2.3 45.4 — 47.7 18.3 25.3 12.3 — 103.6 (24.1) 79.5 Interest expense (21.1) — 21.1 — — — — — — (20.5) (20.5) Other income, net 0.8 — (0.8) — — — — — — 0.3 0.3 Loss (income) before income taxes (18.0) 45.4 20.3 47.7 18.3 25.3 12.3 — 103.6 (44.3) 59.3 Income tax expense 0.4 — (0.4) — — — — — — 10.9 10.9 Net loss (income) $ (18.4) $ 45.4 $ 20.7 $ 47.7 $ 18.3 $ 25.3 $ 12.3 $ — $ 103.6 $(55.2) $ 48.4 Average Weighted Basic Shares Outstanding on an As-Converted Basis 143.8 Fully Diluted Shares on an As-Converted Basis 144.0 Adjusted Earnings Per Share $ 0.34 (5) (6) (7) (9) (1) (1) (2) (8) (3) (4) (5) (6) (7) (9) (1) (1) (2) (8) (3) (4)

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13-Weeks Ended June 29, 2025 (dollars in millions) As Reported Depreciation andAmortization OtherAdj. EBITDA Supply ChainTransformation CorporateTransformation OtherNon-Cash Adj. OtherAdj. AdjustedEBITDA OtherAdj. Adjusted NetIncome Net sales $ 366.7 $ — $ — $ 366.7 $ — $ — $ — $ — $ 366.7 $ — $ 366.7 Cost of goods sold (271.4) 9.9 — (261.5) 9.4 0.6 1.0 — (250.5) (7.1) (257.6) Gross proﬁt 95.3 9.9 — 105.2 9.4 0.6 1.0 — 116.2 (7.1) 109.1 Gross margin 26.0 % 31.7 % Selling, general andadministrativeexpenses (88.0) 11.4 — (76.6) 0.7 4.1 4.4 — (67.4) (2.9) (70.3) Loss on sale of assets,net (0.9) — — (0.9) 0.5 0.4 — — — — — Income from operations 6.4 21.3 — 27.7 10.6 5.1 5.4 — 48.8 (10.0) 38.8 Interest expense (11.4) — 11.4 — — — — — — (10.6) (10.6) Gain on remeasurement ofwarrant liability 12.5 — — 12.5 — — — (12.5) — — — Other (loss) income, net (0.6) — (0.5) (1.1) — 1.0 — — (0.1) 0.4 0.3 Income beforeincome taxes 6.9 21.3 10.9 39.1 10.6 6.1 5.4 (12.5) 48.7 (20.2) 28.5 Income tax (beneﬁt)expense (3.2) — 3.2 — — — — — — 4.9 4.9 Net income $ 10.1 $ 21.3 $ 7.7 $ 39.1 $ 10.6 $ 6.1 $ 5.4 $ (12.5) $ 48.7 $(25.1) $ 23.6 Average Weighted Basic Shares Outstanding on an As-Converted Basis 141.5 Fully Diluted Shares on an As-Converted Basis 143.0 Adjusted Earnings Per Share $ 0.17 26-Weeks Ended June 29, 2025 (dollars in millions) As Reported Depreciation andAmortization OtherAdj. EBITDA Supply ChainTransformation CorporateTransformation OtherNon-Cash Adj. OtherAdj. AdjustedEBITDA OtherAdj. Adjusted NetIncome Net sales $ 718.8 $ — $ — $ 718.8 $ — $ — $ — $ — $ 718.8 $ — $ 718.8 Cost of goods sold (541.1) 17.9 — (523.2) 17.7 2.0 2.1 — (501.4) (12.8) (514.2) Gross proﬁt 177.7 17.9 — 195.6 17.7 2.0 2.1 — 217.4 (12.8) 204.6 Gross margin 24.7 % 30.2 % Selling, general andadministrativeexpenses (165.4) 22.1 — (143.3) 1.4 9.4 9.0 — (123.5) (5.1) (128.6) Loss on sale of assets,net (0.2) — — (0.2) 0.2 — — — — — — Income fromoperations 12.1 40.0 — 52.1 19.3 11.4 11.1 — 93.9 (17.9) 76.0 Interest expense (22.9) — 22.9 — — — — — — (21.1) (21.1) Loss on debtextinguishment (0.5) — — (0.5) — 0.5 — — — — — Gain onremeasurement ofwarrant liability 23.5 — — 23.5 — — — (23.5) — — — Other (loss) income,net (0.2) — (1.0) (1.2) — 1.1 — — (0.1) 0.9 0.8 Income before income taxes 12.0 40.0 21.9 73.9 19.3 13.0 11.1 (23.5) 93.8 (38.1) 55.7 Income tax (beneﬁt)expense (3.8) — 3.8 — — — — — — 9.8 9.8 Net income $ 15.8 $ 40.0 $ 18.1 $ 73.9 $ 19.3 $ 13.0 $ 11.1 $ (23.5) $ 93.8 $(47.9) $ 45.9 Average Weighted Basic Shares Outstanding on an As-Converted Basis 141.4 Fully Diluted Shares on an As-Converted Basis 144.1 Adjusted Earnings Per Share $ 0.32 (5) (6) (7) (9) (1) (1) (2) (8) (3) (4) (5) (6) (7) (9) (1) (1) (2) (8) (3) (4)

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(1) Adjusted Gross Proﬁt and Adjusted Gross Margin were $123.6 million and 33.2%, respectively for the thirteen weeks ended June 28, 2026, and $116.2 million and 31.7% for the thirteen weeks ended June 29, 2025, respectively. Adjusted Gross Proﬁt and Adjusted Gross Margin were $235.0 million and 32.1%, respectively for the twenty-six weeks ended June 28, 2026, and $217.4 million and 30.2% for the twenty-six weeks ended June 29, 2025, respectively. (2) Adjusted Selling, General and Administrative was $67.9 million and $67.4 million for the thirteen weeks ended June 28, 2026 and thirteen weeks ended June 29, 2025, respectively. Adjusted Selling, General and Administrative was $131.4 million and $123.5 million for the twenty-six weeks ended June 28, 2026 and twenty-six weeks ended June 29, 2025, respectively. (3) Adjusted EBITDA was $55.7 million and $48.7 million for the thirteen weeks ended June 28, 2026 and thirteen weeks ended June 29, 2025, respectively. Adjusted EBITDA was $103.6 million and $93.8 million for the twenty-six weeks ended June 28, 2026 and twenty-six weeks ended June 29, 2025, respectively. (4) Adjusted Net Income was $27.1 million and $23.6 million for the thirteen weeks ended June 28, 2026 and thirteen weeks ended June 29, 2025, respectively. Adjusted Net Income was $48.4 million and $45.9 million for the twenty-six weeks ended June 28, 2026 and twenty-six weeks ended June 29, 2025, respectively. (5) Supply Chain Transformation initiatives representing start-up costs, warehousing and logistical transformations, restructuring and cost reduction activities as part of eﬀorts to enhance long-term proﬁtability, and other manufacturing initiatives that do not reﬂect the cost of normal business operations. For the thirteen weeks ended June 28, 2026 and thirteen weeks ended June 29, 2025, supply chain transformation initiatives were $10.4 million and $10.6 million, respectively. For the twenty-six weeks ended June 28, 2026 and twenty-six weeks ended June 29, 2025, supply chain transformation initiatives were $18.3 million and $19.3 million, respectively. (6) Corporate Transformation are comprised primarily of costs related to severance and other people restructuring costs, our announced transaction with Intersnack, our California expansion and Insignia integration, information technology and data transformation, litigation, gain and losses realized from the sale of distribution rights to IOs, gain and losses on the sale of assets, and consulting and professional fees related to transformation initiatives. For the thirteen weeks ended June 28, 2026 and thirteen weeks ended June 29, 2025, corporate transformation initiatives were $19.4 million and $6.1 million, respectively. For the twenty-six weeks ended June 28, 2026 and twenty-six weeks ended June 29, 2025, corporate transformation initiatives were $25.3 million and $13.0 million, respectively. (7) Other Non-Cash Adjustments for the thirteen weeks ended June 28, 2026 and thirteen weeks ended June 29, 2025 are comprised primarily of $3.8 million and $2.7 million, respectively, of share-based compensation awards to employees and directors associated with the 2020 Omnibus Equity Incentive Plan; $4.7 million and $2.7 million, respectively, of unrealized gains on mark-to- market adjustments of the Company’s commodity options; amortization of cloud computing, purchase commitments, certain lease adjustments, amortization of tolling assets, and other non-cash adjustments. Other Non-Cash Adjustments for the twenty-six weeks ended June 28, 2026 and twenty-six weeks ended June 29, 2025 are comprised primarily of $7.2 million and $6.2 million, respectively, of share-based compensation awards to employees and directors associated with the 2020 Omnibus Equity Incentive Plan; $5.1 million and $4.9 million, respectively, of unrealized gains on mark-to-market adjustments of the Company’s commodity options; amortization of cloud computing, purchase commitments, certain lease adjustments, amortization of tolling assets, and other non-cash adjustments. (8) Other income/(expense), net represents the Company’s non-operating income and expense related to interest income, fees associated with our receivable ﬁnance program, and mark-to-market on notional portion of interest rate swap not accounted for under interest rate hedge accounting, expense related to changes in the Company’s tax receivable liability, monetary conversion, other items not related to our operations. (9) Includes $12.3 million and $10.0 million related to Core depreciation and amortization for the thirteen weeks ended June 28, 2026 and thirteen weeks ended June 29, 2025, respectively; and $24.1 million and $17.9 million for the twenty-six weeks ended June 28, 2026 and twenty-six weeks ended June 29, 2025, respectively. Interest expense excluding amortization of deferred ﬁnancing fees, and other income/(expense) excluding the mark-to-market on the notional portion of our interest rate swap not accounted for under interest rate hedge accounting and gains or losses related to changes in the Company’s tax receivable liability. Income tax adjustment is calculated as (loss) income before taxes plus (i) acquisition, Step-Up depreciation and amortization and (ii) other non- cash and/or cash adjustments, multiplied by a normalized GAAP eﬀective tax rate, minus the actual tax provision recorded in the Consolidated Statement of Operations and Comprehensive Loss. The normalized GAAP eﬀective tax rate excludes one-time items such as the impact of tax rate changes on deferred taxes and changes in valuation allowances. Depreciation & Amortization 13-Weeks Ended 26-weeks Ended (dollars in millions) June 28, 2026 June 29, 2025 June 28, 2026 June 29, 2025 Core D&A - Non-Acquisition-related included in Gross Proﬁt $ 9.3 $ 7.1 $ 18.2 $ 12.8 Step-Up D&A - Transaction-related included in Gross Proﬁt 2.0 2.8 4.0 5.1 Depreciation & Amortization - included in Gross Proﬁt 11.3 9.9 22.2 17.9 Core D&A - Non-Acquisition-related included in SG&A Expense $ 3.0 2.9 $ 5.9 5.1 Step-Up D&A - Transaction-related included in SG&A Expense 8.6 8.5 17.3 17.0 Depreciation & Amortization - included in SG&A Expense 11.6 11.4 23.2 22.1 Depreciation & Amortization - Total $ 22.9 $ 21.3 $ 45.4 $ 40.0 Core Depreciation and Amortization $ 12.3 $ 10.0 $ 24.1 $ 17.9 Step-Up Depreciation and Amortization $ 10.6 11.3 $ 21.3 22.1 Total Depreciation and Amortization $ 22.9 $ 21.3 $ 45.4 $ 40.0

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Trailing Twelve Months (TTM) Adjusted EBITDA FY 2025 2026 (dollars in millions) Q1 Q2 Q3 Q4 FY 2025 Q1 Q2 TTM Adjusted EBITDA $ 45.1 $ 48.7 $ 60.3 $ 62.4 $ 216.5 $ 47.9 $ 55.7 $ 226.3 Net Debt and Leverage Ratio (dollars in millions) As of June 28, 2026 Term Loan $ 630.3 Real Estate Loan 54.5 ABL Facility 0.3 Equipment Loans and Finance Leases 164.5 Gross Debt 849.6 Cash and Cash Equivalents 58.6 Total Net Debt $ 791.0 Last 52-Weeks Adjusted EBITDA $ 226.3 Net Leverage Ratio 3.5x (1) Equipment loans and ﬁnance leases include leases accounted for as ﬁnance leases under US GAAP and loans for equipment. (2) Includes Term Loan B, ABL Facility, Equipment Loans, and Finance Leases. Excludes amounts related to guarantees on IO loans which are collateralized by routes. The Company has the ability to recover substantially all of the outstanding IO loan value in the event of a default scenario, which historically has been uncommon. (3) Based on trailing twelve month Adjusted EBITDA of $226.3 million. Adjusted Free Cash Flow 13-Weeks Ended 26-Weeks Ended (dollars in millions) June 28, 2026 June 29, 2025 June 28, 2026 June 29, 2025 Cash Flow From Operations $ 11.7 $ 16.3 $ (0.5) $ (3.9) Capital Expenditures (13.6) (26.9) (27.4) (65.7) Proceeds from sale of property and equipment 1.2 — 1.3 0.8 Adjusted Free Cash Flow $ (0.7) $ (10.6) $ (26.6) $ (68.8) (1) (2) (3)

Earnings release