Utz Brands sees FY25 adjusted EPS growth 10%-15%

For the fiscal year 2025, the Company expects: Organic Net Sales growth of low-single digits led by continued Branded Salty Snacks growth, particularly the Power Four Brands, and less decline in Non-Branded & Non-Salty Snacks. Adjusted EBITDA growth of 6% to 10% and Adjusted EBITDA margin expansion of approximately 100bps, led by Adjusted Gross Margin expansion fueled by strong productivity cost savings and improved product mix. Adjusted Earnings per Share growth of 10% to 15% led by increased operating earnings and lower interest expense. The Company also expects: An effective tax rate in the range of 17% to 19%; Interest expense of approximately $43 million; Capital expenditures in the range of $90 to $100 million with the majority focused on building increased manufacturing network capacity and delivering accelerated productivity savings; and Net Leverage Ratio approaching 3x at year-end fiscal 2025.