Core Viewpoint - The Simply Good Foods Company has completed the acquisition of Only What You Need (OWYN), a leading plant-based ready-to-drink protein shake brand, enhancing its portfolio and market presence in the nutritious snacking category [1][2][3] Acquisition Details - The acquisition price for OWYN was $280 million, funded through cash and borrowings from a credit facility [3] - OWYN is projected to achieve net sales of approximately $120 million in the calendar year 2024 [3] Strategic Implications - The acquisition introduces a third complementary brand, allowing Simply Good Foods to tap into a new consumer segment and strengthen its position in the rapidly expanding RTD shake market [2][3] - The company aims to leverage combined R&D expertise to improve product performance and explore new innovation areas [3] Financial Outlook - Simply Good Foods expects to pay down a portion of its total term loan debt of $490 million during fiscal year 2024, targeting a net debt to Adjusted EBITDA ratio of around 1.25x by the end of August 2024 [3] - The base business, excluding OWYN, is tracking to the fiscal year 2024 outlook provided earlier, with updates expected in the third quarter earnings report [4]

Simply Good Foods funded the purchase price of $280 million, subject to certain customary post-closing purchase price adjustments and before transaction related fees, through a combination of cash on its balance sheet and incremental borrowings under its outstanding credit facility. The incremental $250 million term loan and the outstanding $240 million term loan balance will have an interest rate of SOFR plus a credit spread adjustment equal to 0.10% for one-month SOFR, 0.15% for up to three-month SOFR and ...

DENVER, June 11, 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 third quarter ended May 25, 2024, on Thursday, June 27, 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 on the c ...

DENVER, May 06, 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 that members of the executive management team will participate in a fireside chat at the Goldman Sachs Global Staples Forum on Tuesday, May 14, 2024 at 8:55 a.m. ET. The live audio webcast will be available at www.thesimplygoodfoodscompany.com within the Events and Presentations sectio ...

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 February 24, 2024 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) Q2 2024 Earnings Conference Call April 4, 2024 8:30 AM ET Company Participants Mark Pogharian - VP, IR Geoff E. Tanner - CEO and President Shaun Mara - CFO Conference Call Participants Matthew Smith - Stifel, Nicolaus & Company Alexia Howard - Sanford C. Bernstein Stephen Powers - Deutsche Bank Pamela Kaufman - Morgan Stanley James Salera - Stephens Inc. John Baumgartner - Mizuho Securities Kaumil Gajrawala - Jefferies Brian Holland - D.A. Davidson & Co. Jon Ander ...

Simply Good Foods (SMPL) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.11%. A quarter ago, it was expected that this nutritional foods company would post earnings of $0.41 per share when it actually produced earnings of $0.43, delivering a surprise of 4.88%.Over the last four quar ...

DENVER, April 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 February 24, 2024. Second Quarter Summary:(1) Net sales of $312.2 million versus $296.6 millionNet income of $33.1 million versus $25.6 millionEarnings per diluted share ("EPS") of $0.33 versus $0.25Adjusted Diluted EPS(2) of $0.40 versu ...

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 ...

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 o ...