The Simply Good Foods Co. to acquire protein peer Only What You Need [Yahoo! Finance]
The Simply Good Foods Company (SMPL)
Last the simply good foods company earnings: 4/6 07:00 am
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thesimplygoodfoodscompany.com/investor-relations
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Source: Yahoo! Finance
Simply Good Foods has signed a "definitive agreement" to buy the plant-based shakes and powders group for $280m. The Denver-headquartered business will be taking over OWYN from majority shareholder United Nutritional Brands, a subsidiary of the investment firm Purchase Capital LLC. Explaining the rationale behind the deal in a statement, Simply Good Foods said the move would give the company "further diversification" in its portfolio and also help it build its presence in protein shake RTDs. It added that the OWYN brand "is the fastest growing RTD protein shake brand in the market", based on multi-outlet dollar sales for the 52 weeks ended March 24. Located in New York, OWYN manufactures RTD plant-based protein shakes made with blends of pea and pumpkin seed proteins. Its products are sold across the US to major retailers such as Sprouts, CVS Pharmacy, Walgreens, Kroger, Whole Foods, and 7-Eleven, among others. Commenting on the news, Geoff Tanner, president and CEO of Si
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News
- Sweets & Snacks Expo Announces 2024 Most Innovative New Product Awards Winners [Yahoo! Finance]Yahoo! Finance
- The Simply Good Foods Company to Participate in the Goldman Sachs Global Staples ForumGlobeNewswire
- The Simply Good Foods Company (NASDAQ: SMPL) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $41.00 price target on the stock.MarketBeat
- The Simply Good Foods Company (NASDAQ: SMPL) had its price target raised by analysts at DA Davidson from $34.00 to $35.00. They now have a "neutral" rating on the stock.MarketBeat
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SMPL
Earnings
- 4/4/24 - Beat
SMPL
Sec Filings
- 5/10/24 - Form 144
- 5/10/24 - Form 4
- 5/9/24 - Form 4
- SMPL's page on the SEC website