Simply Good Foods adds $50M to buyback; total authorization $76.2M

Simply Good Foods Co

Board approved $50M increase to existing repurchase program; total available ~$76.2M as of Apr 13, 2022.
Company had $51.5M cash, $431.5M term loan debt, net debt/EBITDA of 1.6x as of Feb 26, 2022.
Full year FY2022 cash flow from operations expected to be about same as prior year.
CFO says program reflects confidence in market position and long-term growth potential.
Repurchases may be made under 10b5-1 plan; program may be suspended or discontinued at any time.

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