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X @The Wall Street Journal
David wants to make it clear to customers how much protein its bars have. So it started selling frozen cod. https://t.co/khoeVDxGq0 ...
X @BREAD | ∑:
BREAD | ∑:· 2025-07-11 17:06
Good time to highlight my impeccable flight etiquette:→ I have snacks (protein bars, water, edamame)→ Tech kit for emergency charges, cables, headphones→ I won't have to piss, but I will get up and stretch around hour 5. Just some calf raises and toe touches.→ I will neatly eat and throw away my in-flight meal (I'll also wake you for yours if requested)→ I only take up one seat→ I tip all flight attendants 20% of flight, as is commiserate of a US-based serviceBonus:If you want extra airline snacks I know ho ...
Simply Good Foods to Report Third Quarter Fiscal Year 2025 Financial Results on Thursday, July 10, 2025
Globenewswire· 2025-06-18 11:00
Core Insights - Simply Good Foods Company will report financial results for the thirteen-week period ended May 31, 2025, on July 10, 2025, before market open [1] - A conference call will be held to discuss these results, featuring CEO Geoff Tanner and incoming CFO Chris Bealer [1] Financial Reporting - The financial results will cover a thirteen-week period ending on May 31, 2025 [1] - The conference call is scheduled for 6:30 a.m. Mountain time (8:30 a.m. Eastern time) on July 10, 2025 [2] Participation Details - Investors can participate in the live call by dialing 1-877-407-0792 from the U.S. or 1-201-689-8263 from international locations [2] - The call will be broadcast live on the Company's website, with a replay available two hours after the call [3] Company Overview - Simply Good Foods Company is a consumer-packaged food and beverage company based in Denver, Colorado, focusing on nutritious snacking [4] - The product portfolio includes protein bars, ready-to-drink shakes, snacks, and confectionery products under brands like Atkins™, Quest™, and OWYN™ [4] - The company aims to lead the nutritious snacking movement through innovation and growth opportunities [4]
The Simply Good Foods Company Reports Fiscal Second Quarter 2025 Financial Results and Reaffirms Fiscal Year 2025 Outlook
Globenewswire· 2025-04-09 11:00
Core Viewpoint - The Simply Good Foods Company reported strong financial results for the second quarter and reaffirmed its fiscal year 2025 outlook, highlighting growth driven by the OWYN acquisition and organic sales growth in its existing brands [2][21][27]. Financial Performance - Net sales increased by $47.5 million, or 15.2%, to $359.7 million for the second quarter, with OWYN contributing $33.8 million to this growth [3][16]. - Adjusted EBITDA grew by 18% year-over-year, reaching $68.0 million, benefiting from favorable commodity prices and strong cost discipline [2][8]. - Net income for the second quarter was $36.7 million, a 10.9% increase from $33.1 million in the prior year [7][8]. Sales Growth - Retail takeaway for Simply Good Foods increased by approximately 7%, with Quest and OWYN showing point-of-sale growth of about 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 compared to the previous year, largely due to the inclusion of OWYN [6][13]. - General and administrative expenses increased by $6.1 million, driven by the OWYN acquisition, with integration costs contributing to this rise [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 $50 million during the quarter [18][53]. - Cash flow from operations was approximately $63.3 million, down from $94 million in the prior year, primarily due to lower net working capital [18][41]. Acquisition Impact - The acquisition of OWYN, completed on June 13, 2024, is a significant factor in the company's growth, contributing to both net sales and adjusted EBITDA [1][27]. - OWYN's expected net sales for fiscal year 2025 are projected to be in the range of $140-150 million [27]. Management Changes - The company announced a succession plan for its Chief Financial Officer, with Shaun Mara set to retire on July 3, 2025, and Christopher J. Bealer appointed as his successor [20].