secwatch.observer — SEC 8-K summary
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Issuer:     Simply Good Foods Co (SMPL)
CIK:        0001702744
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0001702744-23-000046
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q3 net sales up 2.6% to $324.8M; Adj. EBITDA up 5.2% to $66.6M; reaffirms FY2023 outlook
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- Net sales $324.8M (+2.6% YoY); net income $35.4M ($0.35 diluted EPS); adjusted diluted EPS $0.44 flat YoY.
- Adjusted EBITDA $66.6M vs $63.3M; gross margin 36.7% down 80 bps YoY but sequentially up from Q2's 34.6%.
- U.S. retail takeaway up ~11% combined measured+unmeasured; Quest +24%, Atkins -2%.
- Reaffirmed FY2023: net sales slightly above 4-6% long-term algo; Adj. EBITDA growth slightly below net sales growth.
- Term loan amendment lowered rate, extended maturity to March 2027; repaid $40M; net debt/Adj. EBITDA 1.1x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702744/000170274423000046/0001702744-23-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702744/000170274423000046/atk-20230629.htm
  HTML page:      https://secwatch.observer/filing/0001702744-23-000046

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