Andrew Lazar

John Baumgartner

Michael Lavery

Peter Galbo

Robert Moskow

James Salera

Brian Holland

Robert Dickerson

Scott Marks

Erica Eiler

Jim Salera

Mitchell Pinheiro

Nik Modi

Peter Grom

Rupesh Parikh

- Utz Brands expects **CapEx to peak in FY 2025** at around **$100 million**, with a significant step down to potentially **$70 million** in FY 2026, contributing to productivity gains of **6% of COGS** in both FY 2024 and FY 2025.  **[1739566_tx_379973_0]** 
- The **Boulder Canyon** brand is a key growth driver, having surpassed **$100 million** in sales by the end of FY 2024 and projected to reach closer to **$200 million** by the end of FY 2025.  **[1739566_tx_379973_2]** 
- The company raised its FY 2025 organic sales growth outlook to **2.5% or better** and anticipates **EBITDA to grow 100 bps** for the year, with **57%** of EBITDA expected in the second half.  **[1739566_tx_379973_5]** **[1739566_tx_379973_6]** 
- Despite net leverage ticking up to **4.1 times** in the current quarter, Utz Brands remains on track to approach **3 times** net leverage by the end of FY 2025, ahead of its original FY 2026 target.  **[1739566_tx_379973_6]** 
- Advertising and Consumer (A&C) spend is projected to increase by **40%** in FY 2025, reaching approximately **2% of revenue**, with a long-term target of **3% to 4% of sales**.  **[1739566_tx_379973_6]**

Utz Brands Discusses FY 2025 Performance and Future Outlook

Utz Brands (UTZ)