- Boulder Canyon is a premium brand contributing positively to margin expansion as it grows across core and expansion markets.
- CapEx spending is accelerated, with about 70% spent through the first half, leading to higher depreciation and interest expenses impacting EPS guidance.
- EBITDA was roughly flat in the first half of the year, with expectations for 8.5% growth at the midpoint for the full year, implying high-teens growth in the back half.
- Gross margin naturally steps up in Q3 versus Q2, supporting margin expansion in the back half of the year.
- Investments made to drive top line growth require upfront costs but are expected to yield productivity savings and margin expansion later in the year.
- Productivity savings are expected to reach $150 million, revised up from $135 million, supporting EBITDA growth and margin expansion.
- SG&A expenses are expected to be modestly higher in the second half due to investments in sales infrastructure and marketing, especially in the summer selling season.
- Strong top line results were delivered in the first half despite a relatively muted category environment.
Related items and other data are not available for this feed item.
Dafinchi