Core Insights - CT Realty has successfully leased an 805,000 square foot industrial facility to Simply Good Foods for a seven-year term, enhancing its presence in a growing logistics hub in Mount Comfort, Indiana [1][4] - The facility features Class A specifications, including a 40-foot clear height and ample parking, supporting Simply Good Foods' supply chain and distribution needs [2][3] - This lease brings CT Realty's Mount Comfort project to 100% occupancy, following a previous successful lease to Walmart in Whitestown, Indiana [4] Company Overview - CT Realty is a national real estate and investment company with over 30 years of experience, having completed more than 300 transactions valued at over $8 billion [5] - The company focuses on Class A industrial logistics developments across the U.S. and has acquired thousands of acres of industrial land since 2010 [5] - Simply Good Foods, headquartered in Denver, Colorado, is a consumer packaged food and beverage company known for its protein bars and shakes, aiming to lead the nutritious snacking movement [5]

The Simply Good Foods Company (SMPL) reported solid second-quarter fiscal 2025 results, wherein both top and bottom lines beat the Zacks Consensus Estimate and increased year over year.The company’s strong performance reflected solid execution across distribution, innovation and brand-building efforts. Continued consumer demand, favorable input costs and disciplined cost management supported profitability. With growing interest in high-protein, low-sugar and low-carb products, the company believes its brand ...

FORM 10-Q _______________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ For the quarterly period ended March 1, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 00 ...

Financial Data and Key Metrics Changes - Total net sales for Simply Good Foods in Q2 2025 reached $359.7 million, reflecting a 15.2% increase year-over-year, driven by contributions from Owen and organic growth [44] - Adjusted EBITDA increased by 17.6% to $68 million compared to the previous year [48] - Net income grew by 10.9% to $36.7 million, with adjusted diluted EPS rising to $0.46 from $0.40 [50] Business Line Data and Key Metrics Changes - Quest net sales grew by 16.5% in Q2, benefiting from strong retail takeaway and timing of shipments [44] - Atkins net sales declined by 11.5% due to lower consumption and reduced trade inventory [45] - Owen experienced a retail takeaway increase of 52%, with ready-to-drink shakes growing by 53% [36][37] Market Data and Key Metrics Changes - The nutritional snacking category grew by 12% in Q2, marking the 16th consecutive quarter of growth [16] - Quest now represents 60% of the company's net sales, with a strong growth trajectory [18] - Owen's brand awareness and household penetration remain low, indicating significant growth potential [38] Company Strategy and Development Direction - The company aims to lead the nutritional snacking category by leveraging innovation, expanding product availability, and increasing brand awareness [41][42] - Focus on transitioning underperforming Atkins SKUs to faster-turning Quest and Owen products to enhance overall contribution margins [66][70] - Continued investment in Atkins is planned, with new product launches and marketing strategies to stabilize the brand [34][96] Management's Comments on Operating Environment and Future Outlook - Management acknowledges a dynamic environment with consumer sentiment pressures but remains optimistic about the demand for high-protein, low-sugar products [41] - The company expects full-year net sales growth of 8.5% to 10.5%, with adjusted EBITDA growth of 4% to 6% [54] - Management is confident in the long-term growth potential of Quest and Owen, despite short-term challenges with Atkins [110][112] Other Important Information - The company has repaid $100 million of its term loan since the beginning of the fiscal year, with a net debt to trailing 12-month adjusted EBITDA ratio of 0.7 times [51] - The effective tax rate for Q2 was 25%, compared to 23.7% in the previous year [49] Q&A Session Summary Question: What is driving the reduction in sales guidance for Atkins? - Management noted that the reduction is due to lost display space and distribution at a key customer, which was more significant than anticipated [64][66] Question: What prompted the relaunch of Quest shakes? - The relaunch is based on consumer demand for indulgent, high-protein options, with a focus on flipping the macros of traditional shakes [74][76] Question: How will the company build awareness for Owen? - Initially, the focus will be on expanding distribution, with marketing efforts to follow once a solid distribution base is established [120] Question: What is the outlook for the bar category, specifically for Quest? - Management is optimistic about innovation in the bar category, with new products expected to drive growth [125][126]

Simply Good Foods (SMPL) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.95%. A quarter ago, it was expected that this nutritional foods company would post earnings of $0.46 per share when it actually produced earnings of $0.49, delivering a surprise of 6.52%.Over the last four qua ...

This presentation includes certain financial measures not presented in accordance with generally accepted accounting principles ("GAAP") including, but not limited to, EBITDA, Adjusted EBITDA and certain ratios and other metrics derived there from and Adjusted Diluted EPS. These non-GAAP financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing financial results. Therefore, these measures should not be consi ...

Financial Performance - Net sales increased by $47.5 million, or 15.2%, to $359.7 million in the second quarter of fiscal year 2025, with OWYN contributing $33.8 million, or 10.8% to reported net sales growth [4]. - Adjusted EBITDA grew by 18% year-over-year to $68.0 million, compared to $57.8 million in the prior year [10]. - Organic net sales growth was 4.4%, primarily driven by the Quest brand, while international organic net sales declined by $2.1 million to $6.4 million [4]. - Net income for the second quarter was $36.7 million, an increase of $3.6 million, or 10.9%, compared to $33.1 million in the prior year [10]. - The company reported a net income of $74,869,000 for the twenty-six weeks ended March 1, 2025, compared to $68,684,000 for the same period in 2024, reflecting an increase of 9.5% [37]. - Net income for the twenty-six weeks ended March 1, 2025, was $74,869,000, compared to $68,684,000 for the same period in 2024, representing an increase of 3.1% [40]. - Adjusted EBITDA for the twenty-six weeks ended March 1, 2025, was $138,069,000, up from $119,805,000 in the prior year, reflecting a growth of 15.2% [40]. - EBITDA for the twenty-six weeks ended March 1, 2025, was reported at $119,510,000, compared to $110,904,000 for the same period in 2024, indicating an increase of 7.3% [40]. Sales and Revenue - The company expects net sales to increase by 8.5% to 10.5% and Adjusted EBITDA to grow by 4% to 6% for fiscal year 2025 [25]. - OWYN's fiscal year 2025 net sales are expected to be in the range of $140-150 million [25]. - Net sales for the thirteen weeks ended March 1, 2025, were $359,655,000, representing a 15.2% increase from $312,199,000 for the same period in 2024 [35]. - Gross profit for the twenty-six weeks ended March 1, 2025, was $260,623,000, up from $231,988,000 in the prior year, indicating a growth of 12.3% [35]. - The OWYN brand generated net sales of $66,060,000 for the twenty-six weeks ended March 1, 2025, compared to no sales in the prior year, indicating successful market entry [38]. Expenses and Costs - Gross profit increased by $13.3 million, or 11.4%, to $130.1 million, resulting in a gross margin of 36.2%, a decrease of 120 basis points year-over-year [5]. - Operating expenses rose by $6.6 million to $75.4 million, with G&A expenses increasing by $6.1 million, largely due to the OWYN acquisition [6]. - Operating expenses for the thirteen weeks ended March 1, 2025, totaled $75,416,000, an increase from $68,787,000 in the same period last year, reflecting a rise of 9.4% [35]. - Stock-based compensation expense for the twenty-six weeks ended March 1, 2025, was $8,792,000, slightly higher than $8,736,000 in the previous year [40]. - Interest expense for the twenty-six weeks ended March 1, 2025, totaled $14,199,000, compared to $11,630,000 for the same period in 2024, reflecting an increase of 21.8% [40]. - The company reported an interest income of $1,477,000 for the twenty-six weeks ended March 1, 2025, down from $2,014,000 in the prior year [40]. Assets and Liabilities - Total current assets increased to $444,467,000 as of March 1, 2025, from $440,280,000 as of August 31, 2024 [33]. - Long-term debt decreased to $298,537,000 as of March 1, 2025, down from $397,485,000 as of August 31, 2024, showing a reduction of 25% [33]. - The company's cash and cash equivalents at the end of the period were $103,682,000, down from $132,530,000 at the beginning of the period, a decrease of 21.7% [37]. - The company's net debt as of March 1, 2025, was $196,318,000, with total debt outstanding under the credit agreement at $300,000,000 [44]. - As of March 1, 2025, the company's trailing twelve-month Net Debt to Adjusted EBITDA ratio was 0.7x [21]. - The trailing twelve months Adjusted EBITDA as of March 1, 2025, was $287,394,000, resulting in a net debt to Adjusted EBITDA ratio of 0.7x [44]. Shareholder Information - The weighted average shares outstanding for diluted earnings per share increased to 101,821,229 for the thirteen weeks ended March 1, 2025, compared to 101,276,575 for the same period in 2024 [35]. - Adjusted diluted earnings per share increased to $0.95 for the twenty-six weeks ended March 1, 2025, compared to $0.82 for the same period in 2024, marking a rise of 15.9% [42]. - The effective tax rate applied to Adjusted Diluted Earnings Per Share adjustments was assumed to be 25% for the reporting periods [42]. Future Outlook - The company expects to achieve synergies from the OWYN acquisition, although specific financial targets were not disclosed [30].

Core Viewpoint - The Simply Good Foods Company reported strong financial results for the second quarter and reaffirmed its fiscal year 2025 outlook, driven by the acquisition of OWYN and growth in its core brands, particularly Quest and Atkins [2][3][21]. Financial Performance - Net sales increased by $47.5 million, or 15.2%, to $359.7 million, with OWYN contributing $33.8 million, or 10.8%, to this growth [3][16]. - Adjusted EBITDA grew by 18% year-over-year to $68.0 million, benefiting from favorable commodity prices and strong cost discipline [2][8]. - Net income for the quarter was $36.7 million, a 10.9% increase from $33.1 million in the previous year [8][9]. Brand Performance - Simply Good Foods experienced a 7% increase in total retail takeaway, with Quest and OWYN showing point-of-sale growth of approximately 13% and 52%, respectively [4][11]. - Organic net sales grew by 4.4%, primarily driven by the Quest brand, while international organic net sales declined by $2.1 million [3][10]. Operating Expenses - Operating expenses rose to $75.4 million, an increase of $6.6 million, with selling and marketing expenses slightly up due to the inclusion of OWYN [6][13]. - General and administrative expenses increased by $6.1 million, largely attributed to the OWYN acquisition [6][13]. Outlook - The company expects net sales to increase by 8.5% to 10.5% for fiscal year 2025, with adjusted EBITDA anticipated to grow by 4% to 6% [7][22]. - The outlook incorporates a headwind of approximately 2 percentage points due to the fifty-third week in fiscal year 2024 [7][27]. Balance Sheet and Cash Flow - As of March 1, 2025, the company had cash of $103.7 million and an outstanding term loan balance of $300 million, having repaid $100 million year-to-date [18][19]. - Cash flow from operations was approximately $63.3 million, down from $94 million in the previous year, primarily due to lower net working capital [18][39]. Management Changes - The company announced the retirement of Chief Financial Officer Shaun Mara, effective July 3, 2025, with Christopher J. Bealer set to succeed him [20].

DENVER, April 09, 2025 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (Nasdaq: SMPL) ("Simply Good Foods," or the "Company"), a developer, marketer and seller of branded nutritional foods and snacking products, today reported financial results for the thirteen and twenty-six weeks ended March 1, 2025. The acquisition of Only What You Need, Inc. ("OWYN") was completed on June 13, 2024. Therefore, the Company's year-ago performance for the thirteen and twenty-six weeks ended February 24, 2024, does not inc ...

Core Viewpoint - Simply Good Foods (SMPL) is expected to report a year-over-year decline in earnings despite higher revenues for the quarter ended February 2025, with the consensus outlook being crucial for assessing the company's earnings picture [1][3]. Earnings Expectations - The upcoming earnings report is anticipated to show earnings of $0.39 per share, reflecting a -2.5% change year-over-year, while revenues are projected to be $353.48 million, an increase of 13.2% from the previous year [3]. - The stock price may increase if the actual earnings exceed expectations, while a miss could lead to a decline in stock price [2]. Estimate Revisions - The consensus EPS estimate has been revised 0.31% lower in the last 30 days, indicating a reassessment by analysts [4]. - A positive Earnings ESP of +0.52% suggests that analysts have recently become more optimistic about the company's earnings prospects, although the stock carries a Zacks Rank of 4, complicating predictions of an earnings beat [10][11]. Earnings Surprise History - In the last reported quarter, Simply Good Foods exceeded the expected earnings of $0.46 per share by delivering $0.49, resulting in a surprise of +6.52% [12]. - The company has beaten consensus EPS estimates in the last four quarters [13]. Conclusion - While the company does not appear to be a strong candidate for an earnings beat, investors should consider other factors when making decisions regarding the stock ahead of the earnings release [16].