The Simply Good Foods Co

SMPL

Equity

ISIN US82900L1026 / Valor 37458229

NASDAQ (2024-11-22)

USD 39.01-0.26%

The Simply Good Foods Co
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About company

The Simply Good Foods Co is a company focused on expanding its portfolio of nutritious snacking brands through distribution in various retail channels, including grocery, club, mass merchandise, e-commerce, convenience, specialty, and other channels. With a strong platform, the company aims to introduce new products, expand distribution, and attract consumers. Additionally, The Simply Good Foods Co is well-positioned to pursue acquisition opportunities in the nutritious snacking and broader health and wellness food space.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Net Sales Increase

The Simply Good Foods Co reported net sales of $312.2 million for the fiscal second quarter of 2024, a 5.3% increase from $296.6 million in the same quarter of the previous year. This growth was primarily driven by volume increases, particularly in the Quest brand.

Net Income Growth

For the fiscal second quarter of 2024, The Simply Good Foods Co achieved a net income of $33.1 million, up from $25.6 million in the same period of the prior year. This represents a significant improvement in profitability for the company.

Earnings Per Share

The Simply Good Foods Co reported earnings per diluted share (EPS) of $0.33 for the fiscal second quarter of 2024, compared to $0.25 in the same quarter of the previous year. Adjusted Diluted EPS was $0.40, up from $0.32 in the prior year.

Adjusted EBITDA

Adjusted EBITDA for The Simply Good Foods Co in the fiscal second quarter of 2024 was $57.8 million, an increase from $50.9 million in the same period of the previous year. This growth was driven by strong gross margin performance and lower ingredient and packaging costs.

Full Year Outlook

The Simply Good Foods Co updated its full fiscal year 2024 outlook, now expecting net sales to increase around the mid-point of its long-term algorithm of 4-6%, including the benefit of a fifty-third week. Adjusted EBITDA is anticipated to increase by 6-8%, driven by solid gross margin expansion.

Summarized from source with an LLMView Source

Key figures

-1.56%1Y

-0.20%3Y

47.2%5Y

Performance

27.3%1Y

31.8%3Y

39.0%5Y

Volatility