NEW YORK (BLOOMBERG) -- Chobani Inc. expects its revenue and earnings to swell this year as the Greek yogurt maker plans to spend heavily on growth, according to people familiar with the situation.
The privately-held food and beverage firm is coming off a 2025 in which revenue jumped 29% year-over-year to $3.8 billion, said the people, who asked not to be identified because the results aren’t public.
The company booked about $768 million in adjusted earnings before interest, taxes, depreciation and amortization last year, up 51% over a comparable basis, they said.
Looking ahead, Chobani expects sales to top $4.6 billion in 2026, representing a 20% surge over last year. Meanwhile, a measure of adjusted earnings would spike to above $1 billion, they said.
Messages left with Chobani were not immediately returned.
In addition to yogurt, Chobani makes creamers, oat milk and owns coffee brand La Colombe. To meet rising demand, the company is expanding a plant in Twin Falls, Idaho, expected to cost more than $500 million. Last year, it broke ground on a new $1.2 billion factory near Syracuse, New York.
But such initiatives aren’t cheap. Chobani is targeting around $850 million to $950 million in capital expenditure spend to fuel growth, which would weigh on cash flow generation, the people said. It raised $650 million in equity capital in October, according to a press release.
Chobani may start to pay cash interest on its bonds, which are currently paid in-kind, meaning that creditors are compensated with additional debt, the people said.
Its more than $700 million senior unsecured note due in 2029 traded at 107 cents on the dollar on Thursday, according to data compiled by Bloomberg.