The Simply Good Foods pany(SMPL) - 2021 Q2 - Earnings Call Presentation

Second Quarter Fiscal Year 2021 Performance - Simply Good Foods' net sales increased by 1.5% compared to the previous year, with core ongoing net sales up by 2.7%, driven by e-commerce, Quest performance, and international growth[8] - Adjusted EBITDA increased by 2.2% year-over-year to $42.6 million, supported by SG&A cost control and Quest synergies, partially offset by higher trade promotion[8] - Total U.S Simply Good Foods retail takeaway increased by 1.7% in Q2, with combined measured and unmeasured retail takeaway increasing mid-single digits[8] Brand Performance - Atkins' Q2 IRI MULO retail takeaway decreased by 5.7%, consistent with the previous quarter, but total Atkins Q2 retail takeaway in measured and unmeasured channels was down low single-digits due to strong e-commerce performance[13] - Quest's Q2 measured channel retail takeaway increased by 16.0%, significantly outpacing the category, driven by cookies, chips, and confections[17] - Quest bars Q2 retail takeaway decreased by 4.3%, sequentially improved versus last quarter and outpaced the bar category that declined 11.2%[17] Financial Outlook for Fiscal Year 2021 - The company anticipates full-year net sales of $930-940 million, which includes a combined 1.5% headwind from the SimplyProtein divestiture and European business exit[47] - Adjusted EBITDA is expected to be in the $180-185 million range[47] - Adjusted Diluted Earnings Per Share is expected to be in the $1.07 to $1.11 range[47]