Utz Brands Cuts FY24 Organic Net Sales To Grow 2% - 2.5% From Previous Expectation Of ~3%; Reaffirms Outlook For Adjusted EPS Growth
Portfolio Pulse from Benzinga Newsdesk
Utz Brands has revised its FY24 organic net sales growth forecast to 2% - 2.5%, down from the previous expectation of approximately 3%. However, the company reaffirms its outlook for adjusted EPS growth.
September 05, 2024 | 10:35 am
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Utz Brands has lowered its FY24 organic net sales growth forecast to 2% - 2.5% from the previous ~3%, but maintains its adjusted EPS growth outlook.
The reduction in sales growth forecast suggests potential challenges in revenue generation, which could negatively impact investor sentiment. However, maintaining the EPS growth outlook may mitigate some concerns, indicating cost management or other efficiencies.
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