Scalzo returns as Simply Good Foods CEO

Group 1 - The Simply Good Foods Company has re-appointed Joe Scalzo as CEO, effective immediately, to focus on growth and profitability [1][2] - In the fiscal year ending August, the company reported net sales of $1.45 billion, a 9% increase year-over-year, but net income decreased to $103.6 million from $139.3 million [2] - The company experienced a 0.3% decline in first-quarter net sales to $340.2 million, with net income falling over a third to $25.3 million [3] Group 2 - Chairman James Kilts praised Scalzo as a visionary and key architect of the business, expressing confidence in his leadership to drive growth and create value for shareholders [4] - The company forecasts a potential 2% increase in net sales for the current financial year, but also warns of a possible 2% decline [4] - Annual adjusted EBITDA is projected to increase by 1% at best or decrease by 4% at worst [5] Group 3 - Scalzo expressed enthusiasm about returning to Simply Good Foods, emphasizing a mission to secure leadership in innovation and product quality [6]