07:38 AM EDT, 09/05/2024 (MT Newswires) -- Utz Brands ( UTZ ) said Thursday it lowered its outlook for fiscal year 2024 organic net sales growth to between 2% and 2.5% from 3% previously as it expects a "more competitive promotional environment" in the second half of the year.

The company said it continues to expect 28% to 32% growth for adjusted earnings per share and 5% to 8% growth for adjusted earnings before interest, taxes, depreciation and amortization.

Shares of the company were down 3% in recent Thursday premarket activity.

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