Utz Brands, Inc. (CCH) [Rocket]

In millions, except per share items	Jan-01-23	Jan-02-22	Dec-29-19
	10-K	10-K	10-K
Revenues [+]	1,408.4	1,180.7	768.2
Net interest income	41.2	29.3	43.7
Revenue growth	19.3%
Cost of goods sold	959.3	796.8	514.4
Gross profit	449.1	383.9	253.8
Gross margin	31.9%	32.5%	33.0%
Selling, general and administrative [+]	444.4	375.2	228.3
Sales and marketing	294.1	249.4	163.6
General and administrative	150.3	125.9	64.7
Other operating expenses	-1.4	-3.7	-32.5
EBITDA [+]	92.8	93.2	87.3
EBITDA growth	-0.3%
EBITDA margin	6.6%	7.9%	11.4%
Depreciation	49.1	43.7	23.6
EBITA	43.7	49.4	63.7
EBITA margin	3.1%	4.2%	8.3%
Amortization of intangibles	37.7	37.0	5.7
EBIT [+]	6.0	12.4	58.0
EBIT growth	-51.4%
EBIT margin	0.4%	1.1%	7.6%
Non-recurring items [+]	0.7	1.9	19.3
Loss (gain) on sale of assets	0.7	1.9	13.3
Loss (gain) on disposal of assets			6.0
Interest expense	44.4	34.7	48.4
Interest expense	44.4	34.7	48.4
Other income (expense), net [+]	1.1	40.2	-0.6
Change in fair value of warrants	0.7	36.7
Other	0.4	3.6	-0.6
Pre-tax income	-38.0	16.1	-10.2
Income taxes	-23.9	8.1	3.1
Tax rate	63.0%	50.3%
Minority interest	-13.6	-12.6	2.8
Net income	-0.4	20.6	-16.2
Net margin	0.0%	1.7%	-2.1%

Basic EPS [+]	$0.00	$0.27	($0.29)
Growth	-101.8%
Diluted EPS [+]	$0.00	$0.25	($0.29)
Growth	-101.9%

Dividends per share [+]	$0.21	$0.16
Growth	37.9%

Shares outstanding (basic) [+]	80.1	76.7	55.9
Growth	4.5%
Shares outstanding (diluted) [+]	80.1	81.1	55.9
Growth	-1.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.