earnings
confidence high
sentiment positive
materiality 0.75
Simply Good Foods Q3 net sales up 32% to $284M; raises FY21 outlook
Simply Good Foods Co
2021-Q3 EPS reported
$0.23
revenue$745,760,000
- Adjusted Diluted EPS $0.43 vs $0.26 YoY; GAAP EPS $0.06 due to $35.8M non-cash warrant charge.
- Adjusted EBITDA rose 55.6% to $67.5M; net income $5.9M vs $48.1M.
- FY21 net sales guidance raised to $995-1,005M (prev. $930-940M); Adj. EBITDA guidance raised to $200-205M.
- Company announced price increase effective Sept. 2021 to offset higher raw material and freight costs.
- Net sales growth driven by strong Atkins and Quest performance; bar resurgence exceeded expectations.