earnings
confidence high
sentiment positive
materiality 0.80
Simply Good Foods Q2 net sales +28.7% to $296.7M; raises FY22 sales outlook to 13-15%
Simply Good Foods Co
2022-Q2 EPS reported
$0.40
revenue$577,983,000
- Net income $18.5M vs loss $26.2M; diluted EPS $0.18 vs $(0.27); adjusted diluted EPS $0.36 vs $0.25.
- Adjusted EBITDA rose 27.1% to $54.2M; North America net sales +31.5% driven by volume.
- Raises FY22 net sales growth outlook to 13-15% (prior 12-14%) including 2ppt headwind from Europe exit and Quest pizza licensing.
- Repurchased $20.4M of common stock at avg $35.68/share; $27.5M remains under authorization.
- Licensed Quest frozen pizza to Bellisio Foods in March; price increase planned late Q4 to offset inflation.