“We are adjusting our outlook for the year based on the slower than anticipated volume recovery and the softening and volatile macroeconomic environment, coupled with increased investment in promotional activities to support our brands and drive incremental distribution,” stated Lee Boyce, CFO. The company is revising guidance for fiscal 2025 as follows: Organic net sales growth is expected to be down approximately 5%-6%. Adjusted EBITDA is expected to be approximately $125 million. Gross margin is expected to be approximately 21.5%. Free cash flow is expected to be approximately $40 million.
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