Fiscal Year 2026 Outlook

The Company will benefit from a 53rd week in the fourth quarter of 2026. Guidance has indicated the impact of the 53rd week, where appropriate. The Company is reiterating all aspects of 2026 guidance. For the fiscal year 2026, the Company continues to expect:

• Organic Net Sales growth of 2% to 3%, assuming a flat Salty Snacks category at midpoint, led by continued Branded Salty Snacks growth, particularly the Power Four Brands. This metric excludes the 53rd week
  • We expect that the 53rd week will benefit Reported Net Sales by approximately $20 million in the fourth quarter of 2026
• Productivity savings of approximately 4% of Adjusted COGS
• Adjusted EBITDA growth of 5% to 8% and Adjusted EBITDA margin expansion, led by Adjusted Gross Margin expansion fueled by strong productivity cost savings and improved product mix. This metric includes the 53rd week
  • We expect that the 53rd week will benefit Adjusted EBITDA by approximately $3 million in the fourth quarter of 2026
• Adjusted EPS decline in range of 3% to 6%, driven primarily by higher depreciation and amortization ofapproximately $13 million, higher interest expense, and a higher tax rate, the impact of these three items equating to approximately 12 cents
  • We expect that the 53rd week will benefit Adjusted EPS by 2 cents in the fourth quarter of 2026
• Adjusted Free Cash Flow in the range of $60 and $80 million
  • Adjusted Free Cash Flow is defined as Cash Flows From Operating Activities less Capital Expenditures Plus Net Sales of Property and Equipment

The Company also continues to expect:

• An effective tax rate (normalized GAAP basis tax expense, which excludes one-time items) of between 17-19%;
• Interest expense in the range of $47 to $49 million;
• Depreciation and amortization in the range of $93 to $97 million;
• Capital expenditures in the range of $60 to $65 million with the majority focused on delivering accelerated productivity savings and supporting targeted growth initiatives; and
• Net Leverage Ratio between 3.0x - 3.2x at fiscal year-end 2026