secwatch.observer — SEC 8-K summary
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Issuer:     Simply Good Foods Co (SMPL)
CIK:        0001702744
Form:       8-K
Filed at:   2023-04-05T23:59:59+00:00
Accession:  0001702744-23-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Simply Good Foods Q2 net sales flat YoY; adjusted EPS down to $0.32; lowers FY23 adjusted EBITDA growth outlook
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- Net sales $296.6M vs $296.7M YoY; net income $25.6M vs $18.5M (prior year included warrant remeasurement charge).
- Adjusted diluted EPS $0.32 vs $0.36; adjusted EBITDA $50.9M vs $54.2M.
- Gross margin 34.6%, down 200 bps due to higher ingredient and packaging costs.
- Full year FY23 outlook: net sales growth slightly above 4-6% reaffirmed; adjusted EBITDA now expected to increase slightly less than net sales growth (previously in line).
- U.S. retail takeaway up ~16% in Q2; March up ~12%; Atkins +6%, Quest +26% in combined channels.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702744/000170274423000017/0001702744-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702744/000170274423000017/atk-20230405.htm
  HTML page:      https://secwatch.observer/filing/0001702744-23-000017

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