Utz Brands, Inc. 8-K

What Happened
Utz Brands, Inc. (filed 8‑K on Feb. 3, 2026) announced it will reclassify costs associated with inter‑location logistics, Direct Store Delivery (DSD) distribution centers, and outbound shipping and handling from "Selling, Distribution and Administrative" to "Cost of Goods Sold" in its Consolidated Statements of Operations, effective for the fourth quarter of 2025. The company also revised the caption to "Selling, General and Administrative." Revised financial statements and reconciliations (Exhibit 99.1) will present restated results for fiscal years 2023 and 2024 and for the quarters through Q3 2025.

Key Details

• Effective period: change applies starting Q4 2025; prior periods (FY2023, FY2024, and FY2025 Q1–Q3) will be reclassified for comparability.
• Account moves: inter‑location logistics, DSD distribution center costs, and outbound shipping & handling moved from SG&A to Cost of Goods Sold.
• Financial impact: company states there is no change to EBITDA, Adjusted EBITDA, Adjusted Net Income, Net Income, EPS, or Adjusted EPS as a result of the reclassification.
• Filing and signatory: 8‑K filed Feb. 3, 2026; signed by William J. Kelley Jr., EVP & Chief Financial Officer; revised statements included as Exhibit 99.1.

Why It Matters
For investors, this is an accounting reclassification intended to better reflect the total cost of fulfilling revenue and to align Utz’s presentation with internal management practices and industry peers. While net income and EPS are unchanged, the shift will increase Cost of Goods Sold and lower SG&A, which can change gross margin and operating-margin presentation and affect comparisons of quarterly results and revenue-related profitability metrics. The company’s restatement of prior periods should make historical comparisons and peer benchmarking more consistent going forward.