Simply Good Foods Q1 net sales +21.7%; ups FY22 sales outlook to 12-14% but sees 250bps gross margin contraction

Simply Good Foods Co

2022-Q1 EPS reported $0.22 revenue$281,265,000

Net sales $281.3M (+21.7%); Atkins & Quest retail takeaway +7.7% and +36.2% in measured channels.
GAAP EPS $0.22 (vs $0.23); adjusted diluted EPS $0.43 (vs $0.29); adjusted EBITDA $65.6M (+34.7%).
Raises FY22 net sales growth outlook from 8-10% to 12-14%; gross margin now expected to contract ~250bps (vs modest contraction previously).
FY22 Adjusted EBITDA now seen increasing slightly less than net sales (previously slightly greater); supply chain cost inflation persists.
Term loan repaid $25M; net debt to adjusted EBITDA 1.8x; cash $35.4M as of Nov 27, 2021.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.