earnings
confidence high
sentiment positive
materiality 0.65
Simply Good Foods Q3 net sales +11.5% to $316.5M, EPS $0.38; raises FY sales guidance to 14-15%
Simply Good Foods Co
2022-Q3 EPS reported
$0.78
revenue$894,514,000
- Net income $38.8M ($0.38 diluted EPS) vs $5.9M ($0.06) in prior year which included a $35.8M warrant charge.
- Adjusted diluted EPS $0.44 vs $0.43; Adjusted EBITDA $63.3M vs $67.5M.
- FY2022 net sales growth guidance raised to 14-15% (previously 13-15%); gross margin decline ~250 bps reaffirmed.
- U.S. retail takeaway grew ~15% combined measured+unmeasured; Atkins +6%, Quest +26%.
- Repaid $25M term loan; repurchased $8.1M of stock at avg $37.16; $69.3M remaining under buyback authorization.