Simply Good Foods (SMPL) Q4 Earnings and Revenues Surpass Estimates

Core Viewpoint - Simply Good Foods (SMPL) reported quarterly earnings of $0.50 per share, exceeding the Zacks Consensus Estimate of $0.48 per share, and showing an increase from $0.45 per share a year ago [1] Financial Performance - The company achieved revenues of $375.69 million for the quarter ended August 2024, surpassing the Zacks Consensus Estimate by 0.24% and up from $320.42 million year-over-year [1] - Over the last four quarters, Simply Good Foods has exceeded consensus EPS estimates four times but has only topped consensus revenue estimates once [1] Stock Performance - Simply Good Foods shares have declined approximately 18.6% since the beginning of the year, contrasting with the S&P 500's gain of 21.5% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.44 on revenues of $349.98 million, while for the current fiscal year, it is $1.91 on revenues of $1.47 billion [4] - The estimate revisions trend for Simply Good Foods is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [4] Industry Context - The Food - Confectionery industry, to which Simply Good Foods belongs, is currently ranked in the bottom 17% of over 250 Zacks industries, suggesting potential challenges for stock performance [5] - Hershey (HSY), another company in the same industry, is expected to report quarterly earnings of $2.62 per share, reflecting a year-over-year change of +0.8%, with revenues anticipated at $3.09 billion, up 2.1% from the previous year [5]