Utz Brands Reiterated FY24 Organic Net Sales Growth Of ~3% Or Better, Adjusted EBITDA Growth Of 5% - 8%
Portfolio Pulse from Benzinga Newsdesk
Utz Brands has reaffirmed its financial outlook for FY24, projecting an organic net sales growth of approximately 3% or better and an adjusted EBITDA growth of 5% to 8%.
May 02, 2024 | 10:36 am
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Utz Brands has reaffirmed its FY24 financial guidance, expecting organic net sales growth of around 3% or better and adjusted EBITDA growth of 5% to 8%.
Reaffirming financial guidance, especially with specific targets for organic net sales and adjusted EBITDA growth, is a positive signal to investors. It suggests that Utz Brands is confident in its operational performance and financial health, which can lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
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IMPORTANCE 90
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