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Stock impact report

Jobs to go as Simply Good Foods tackles costs [Yahoo! Finance]

The Simply Good Foods Company (SMPL) 
Last the simply good foods company earnings: 4/6 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
In a statement yesterday (21 April), the Colorado-based company said it plans to cut around 15% of overall staffing levels compared with its "prior plans". Just Food has asked Simply Good Foods how many staff will be affected and in which parts of the business they work. Earlier this month, the Atkins and Quest brands owner posted a second-quarter loss of almost $160m amid impairment charges and a 9% fall in sales. The company cut its outlook for sales and profits Simply Good Foods said yesterday its moves are designed to lower overheads, streamline the organisation and enable “faster decision making” as it positions the business for its “next phase of growth”. The changes are expected to generate about $17m in annual cost savings. President and CEO Joe Scalzo, who rejoined the company in January , said: “Decisions that impact our people are not taken lightly and I deeply appreciate the contributions of everyone in our organisation. “At the same time, I believe realigning o Show less Read more
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