FISCAL 2024 GUIDANCE**
“We view fiscal 2024 as an inflection point, where we expect to strengthen our foundation and return to top line growth,” said Chris Bellairs, Chief Financial Officer. “We anticipate balanced growth across the portfolio with both our North America and International segments achieving low single digit organic net sales growth. We will make brand building investments in key brands to drive growth, and modest investments in our away from home and ecommerce capabilities. We expect these investments along with the refunding of our incentive plan to create an adjusted EBTIDA drag year-over-year of approximately $20 million as we invest for the future.”
The Company is offering the following guidance for fiscal 2024:
- Adjusted net sales up 2% to 4% versus the prior year, and
- Adjusted EBITDA to be between $155 million and $165 million
