Simply Good Foods gains after margins improve in FQ2 Apr. 04, 2024 7:23 AM ET By: Clark Schultz , SA News Editor [Seeking Alpha]
The Simply Good Foods Company (SMPL)
Last the simply good foods company earnings: 4/6 07:00 am
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US:NASDAQ Investor Relations:
thesimplygoodfoodscompany.com/investor-relations
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Source: Seeking Alpha
North America sales increased 5.1% during the quarter, while international sales were up 12.2%. Gross profit margin was 37.4% of sales in the quarter vs. 34.6% last year. The improvement in gross margin was primarily due to lower ingredient and packaging costs. Net income was $33.1M vs. $25.6M a year ago. EPS came in at $0.40 vs. $0.32 a year ago and $0.38 consensus. Adjusted EBITDA was $57.8M vs. $50.9M a year ago. Simply Good Foods Company ( SMPL ) revised its full-year guidance due to lower than anticipated Atkins consumption in FQ2. Net sales expected to increase around the mid-point of the company's long-term algorithm of 4% to 6%. SMPL previously expected net sales to increase at the high-end of its long-term algorithm. Adjusted EBITDA is now anticipated to increase 6% to 8%. CEO outlook: "We remain confident in the long-term potential of both of our brands. Quest has a long runway of growth that will continue to be driven by advertising, innovation and distribution gains
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SMPL
News
- 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
- The Simply Good Foods Co. to acquire protein peer Only What You Need [Yahoo! Finance]Yahoo! Finance
- Here's more details about the access ByteDance had to U.S. TikTok user data [Fortune]Fortune
- The Simply Good Foods Company to Acquire Only What You Need (OWYN) [Yahoo! Finance]Yahoo! Finance
SMPL
Earnings
- 4/4/24 - Beat
SMPL
Sec Filings
- 4/30/24 - Form 8-K
- 4/22/24 - Form 8-K
- 4/11/24 - Form 4
- SMPL's page on the SEC website