Utz Brands sees FY24 adjusted EPS growth 16%-21%, consensus 66c

Sees FY24: Organic Net Sales growth of ~3% or better driven by volume growth, and assumes total net sales to be impacted by ~$45 million due to the recently closed transaction for the dispositions of the Good Health and R.W. Garcia brands and manufacturing facilities. FY24 revenue consensus $1.46B. Sees adjusted EBITDA growth of 5% to 8% and assumes the estimated impact of the forgone contribution to Adjusted EBITDA from the brand dispositions are mostly offset by accelerated cost savings and the transition services agreement.