other material
confidence high
sentiment positive
materiality 0.75
Utz Brands reaffirms FY2023 outlook, targets 4-5% organic sales CAGR and 16% EBITDA margin by FY2026
Utz Brands, Inc.
- Reaffirms FY2023 outlook: net sales growth 2-3%, Adj. EBITDA growth 8-11%, net leverage below 4.5x by year-end.
- New 3-year targets (FY2023-2026): 4-5% organic net sales CAGR, ~16% Adj. EBITDA margin in FY2026, double-digit Adj. EPS CAGR.
- Plans to expand Power Brands (Utz, Zapp's, Boulder Canyon, On The Border) outside core geographies.
- Expects $135M in cost savings over three years from supply chain transformation and network optimization.