Cites higher interest expense and depreciation and amortization linked to accelerated capital expenditures related to the company’s network optimization and facility consolidation efforts. The ompany now expects: Organic Net Sales growth of 2.5% or better, compared to the prior expectation of low-single digits. We expect Organic Net Sales growth will be led by Branded Salty Snacks growth, particularly the Power Four Brands, and less decline in Non-Branded & Non-Salty Snacks; Adjusted EBITDA growth of 7% to 10%, compared to the prior expectation of 6% to 10%. The company expects Adjusted EBITDA Margin expansion of approximately 100bps, which is consistent with the company’s previously provided guidance. We expect Adjusted EBITDA Margin expansion will be led by Adjusted Gross Profit Margin expansion fueled by strong productivity cost savings and improved product mix.
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