secwatch.observer — SEC 8-K summary
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Issuer:     Simply Good Foods Co (SMPL)
CIK:        0001702744
Form:       8-K
Filed at:   2022-04-06T23:59:59+00:00
Accession:  0001702744-22-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Simply Good Foods Q2 net sales +28.7% to $296.7M; raises FY22 sales outlook to 13-15%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702744/000170274422000023/0001702744-22-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702744/000170274422000023/atk-20220406.htm
  HTML page:      https://secwatch.observer/filing/0001702744-22-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer