Consensus $1.31B. Due to lower than anticipated Atkins consumption in the second quarter of fiscal 2024, the Company has updated its full year fiscal 2024 outlook. The Company continues to expect full year fiscal 2024 Net Sales growth to be driven by volume and has solid advertising, marketing, and innovation plans in place. Additionally, strong gross margin expansion remains on track driven by lower supply chain costs and provides the Company with flexibility to meaningfully invest in marketing and growth initiatives. Therefore, for the full year fiscal 2024, the Company expects the following: Net sales expected to increase around the mid-point of the Company’s long-term algorithm of 4-6%, including the benefit of a fifty-third week. The Company previously expected Net Sales to increase at the high-end of its long-term algorithm; and adjusted EBITDA now anticipated to increase 6-8%.
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