secwatch.observer — SEC 8-K summary
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Issuer:     Simply Good Foods Co (SMPL)
CIK:        0001702744
Form:       8-K
Filed at:   2023-01-05T23:59:59+00:00
Accession:  0001702744-23-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Simply Good Foods Q1 net sales +7% to $300.9M, Adj. EBITDA $60.8M vs $65.6M; reaffirms FY outlook
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- Net sales $300.9M (+7.0%); net income $35.9M vs $21.2M; Diluted EPS $0.36 vs $0.22.
- Adjusted Diluted EPS $0.42 vs $0.43; Adjusted EBITDA $60.8M vs $65.6M.
- Gross margin 36.9% (down 450bps) due to logistics and contract manufacturer cost overruns.
- Reaffirmed FY2023: net sales slightly above 4-6% growth; Adj. EBITDA in line with net sales growth rate.
- Repurchased $16.4M in common stock at avg $30.11; repaid $6.5M term loan; cash $54.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702744/000170274423000005/0001702744-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702744/000170274423000005/atk-20230105.htm
  HTML page:      https://secwatch.observer/filing/0001702744-23-000005

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