DENVER, March 18, 2024 (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 announced it will report financial results for the 13 week fiscal second quarter ended February 24, 2024, on Thursday, April 4, 2024, before market open. The Company will host a conference call to discuss these results with additional comments and details provided at that time. Participating ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Simply Good Foods (SMPL) , which belongs to the Zacks Food - Confectionery industry.When looking at the last two reports, this nutritional foods company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.58%, on average, in the last two quarters.For the most recent quarter, Simply Good Foods was expected to po ...

Key PointsSimply Good Foods sells nutritional protein-based snacks and meals through its Atkins and Quest Nutrition brands.The GLP-1 medication weight-loss trend is driving up sales for Quest Nutrition protein bars and shakes.Nutritional snacking is a trend that can grow with the popularity of GLP-1 drugs to help mitigate muscle loss while cutting calories.5 stocks we like better than Simply Good FoodsThe Simply Good Foods Co. NASDAQ: SMPL is a maker of nutritional snacks under the Atkins and Quest Nutritio ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q1 was $62 million, a 2% increase compared to the previous year, driven by higher gross profit offset by increased SG&A expenses due to marketing investments [87][129] - Net sales increased by 2.6% to $308.7 million, primarily due to volume growth, with North America and international sales rising by 2.6% and 0.7% respectively [101][93] - Gross margin for Q1 was 37.3%, a 40 basis point increase from the previous year, attributed to lower ingredient and packaging costs [93][129] Business Line Data and Key Metrics Changes - Quest's retail takeaway in Q1 saw a growth of 20%, with significant performance across all major forms and retail channels, indicating strong household penetration and buy rates [95][88] - Atkins' retail takeaway was similar to the previous quarter, with a 6% increase in the IRI MULO + C-store universe, while e-commerce sales for Atkins increased by 12% [97][98] - The nutritional snacking category grew by 12% in the measured channel, driven by volume growth, contrasting with the standard store's growth of 1% to 2% [122][110] Market Data and Key Metrics Changes - The nutritional snacking category continues to show resilience, with top-tier volume growth driven by health and wellness trends, particularly appealing to Gen X, Gen Z, and millennial consumers [99][110] - E-commerce strength contributed to a 14% increase in total unmeasured channel retail takeaway, although there was some softness in specialty channels [122][88] - The company anticipates that shipments and consumption will align by the end of Q2, reflecting a positive outlook for the upcoming quarters [120][101] Company Strategy and Development Direction - The company is focused on enhancing category management capabilities, increasing marketing investments, and bolstering innovation to support long-term growth [71][70] - The five-point revitalization plan for Atkins includes enhanced merchandising, new advertising, and a robust innovation funnel, aimed at improving marketplace performance [98][140] - The company is committed to working closely with retail partners to optimize category growth and find additional shelf space for new formats [127][80] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the Q1 results and reaffirmed the full-year fiscal 2024 outlook, anticipating net sales growth driven by volume at the high end of the long-term algorithm of 4% to 6% [94][132] - The company is optimistic about the long-term potential of both Quest and Atkins, with plans to capitalize on the growing nutritional snacking category [99][126] - Management noted that the critical period for evaluating performance will be January to March, coinciding with increased advertising and merchandising efforts [158][125] Other Important Information - The company has a strong cash position with $121.4 million in cash and generated $47.5 million in cash flow from operations in Q1, allowing for flexibility in capital allocation [131][121] - The company repaid $10 million of its term loan debt during the quarter, with an additional $25 million repaid post-quarter, reducing the outstanding principal balance to $250 million [131][121] Q&A Session Summary Question: What actions have been taken regarding the Atkins revitalization plan? - Management confirmed that they are not satisfied with Atkins' current performance and have implemented the five-point revitalization plan, which includes enhanced merchandising and new advertising [140][139] Question: How does the company view capital allocation options? - The company evaluates various options for cash allocation, including debt paydown, share repurchases, and potential M&A opportunities, with a strong focus on maximizing returns for shareholders [141][115] Question: What is the outlook for the nutritional snacking category? - Management highlighted that the nutritional snacking category has significant growth potential, driven by health trends and increasing consumer demand for protein-rich, low-carb, and low-sugar products [110][99]

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

Simply Good Foods (SMPL) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.88%. A quarter ago, it was expected that this nutritional foods company would post earnings of $0.44 per share when it actually produced earnings of $0.45, delivering a surprise of 2.27%.Over the last four quar ...

the Net Sales increase $1.63 Diluted EPS ▪ Fiscal year 2024 outlook: 1 Dollars in millions 15 January 4, 2024 Forward Looking Statements 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 a ...

DENVER, Jan. 04, 2024 (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 weeks ended November 25, 2023. First Quarter Summary:(1) Net sales of $308.7 million versus $300.9 millionNet income of $35.6 million versus $35.9 millionEarnings per diluted share ("EPS") of $0.35 versus $0.36Adjusted Diluted EPS(2) of $0.43 versus ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ FORM 10-Q _______________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 25, 2023 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 ...

The Simply Good Foods Company (NASDAQ:SMPL) Q4 2023 Results Conference Call October 24, 2023 8:30 AM ET Company Participants Mark Pogharian - Vice President of Investor Relations Geoff Tanner - CEO, President & Director Shaun Mara - Chief Financial Officer Conference Call Participants John Baumgartner - Mizuho Securities Jason English - Goldman Sachs Pamela Kaufman - Morgan Stanley Matt Smith - Stifel Jim Salera - Stephens Inc Jon Andersen - William Blair Rob Dickerson - Jefferies Matt McGinley - Needham & ...