The Simply Good Foods Company Reports Fiscal Second Quarter 2024 Financial Results and Updates Full Fiscal Year 2024 Net Sales and Adjusted EBITDA Outlook [Yahoo! Finance]
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: Yahoo! Finance
and seller of branded nutritional foods and snacking products, today reported financial results for the thirteen weeks ended February 24, 2024. Second Quarter Summary: Net sales of $312.2 million versus $296.6 million Net income of $33.1 million versus $25.6 million Earnings per diluted share (“EPS”) of versus Adjusted Diluted EPS of versus Adjusted EBITDA $57.8 million versus $50.9 million Full fiscal year 2024 Net Sales and Adjusted EBITDA outlook Net sales expected to increase around the mid-point of the Company's long-term algorithm of 4-6%, including the benefit of a fifty-third week. The Company previously expected Net Sales to increase at the high-end of its long-term algorithm. Adjusted EBITDA now anticipated to increase 6-8% driven by solid gross margin expansion. "Simply Good Foods second quarter results were led by continued Quest growth, as well as strong gross margin performance," said Geoff Tanner, President, and Chief Executive Officer of Simply Good
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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
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- 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