earnings
confidence high
sentiment positive
materiality 0.75
Simply Good Foods beats Q4 estimates; FY2023 net sales growth seen above 4-6%
Simply Good Foods Co
2022-FY EPS reported
$1.08
revenue$1,168,678,000
- Q4 net sales $274.2M (+5.5% YoY); net income $30.1M vs $18.2M; adj. EPS $0.36 vs $0.29.
- Full-year FY2022 net sales $1,168.7M (+16.2%); adj. EBITDA $234.0M (+12.9%).
- FY2023 outlook: net sales growth slightly above 4-6% long-term algo; adj. EBITDA growth in line.
- Board increased share repurchase authorization by $50M; total available ~$71.5M as of Oct 19.
- FY2022 operating cash flow $110.6M; net debt/adj. EBITDA 1.4x.