Simply Good Foods reports Q4 net sales up 16.9% to $320.4M; guides FY2024 growth at 4-6%

Simply Good Foods Co

2023-FY EPS reported $1.32 revenue$1,242,672,000

Q4 net sales $320.4M (+16.9% YoY); adjusted diluted EPS $0.45 vs $0.36.
Full year fiscal 2023 net sales $1,242.7M (+6.3%); adjusted diluted EPS $1.63.
Full year adjusted EBITDA $245.6M; operating cash flow $171.1M, up 55%.
FY2024 outlook: net sales growth at high end of 4-6% range, Adj EBITDA growth slightly above net sales.
Repurchased $16.4M of stock in FY2023; $71.5M remaining under authorization.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Simply Good Foods Co reported fiscal fourth quarter ended August 26, 2023 results: revenue Net sales of $320.4 million, net income Net income of $36.6 million, EPS Earnings per diluted share of $0.36.

Period: fiscal fourth quarter ended August 26, 2023
Revenue: Net sales of $320.4 million
Net income: Net income of $36.6 million
EPS: Earnings per diluted share of $0.36
Result: reported results

Exact text from the filing

The Simply Good Foods Company (Nasdaq: SMPL) (“Simply Good Foods,” or the “Company”), a developer, marketer and seller of branded nutritional foods and snacking products, today reported financial results for the thirteen and fifty-two weeks ended August 26, 2023. Fourth Quarter Summary: (1) • Net sales of $320.4 million versus $274.2 million • Net income of $36.6 million versus $30.1 million • Earnings per diluted share (“EPS”) of $0.36 versus $0.30

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Simply Good Foods Co reported full fiscal year ended August 26, 2023 results: revenue Net sales of $1,242.7 million, net income Net income of $133.6 million, EPS Earnings per diluted share of $1.32.

Period: full fiscal year ended August 26, 2023
Revenue: Net sales of $1,242.7 million
Net income: Net income of $133.6 million
EPS: Earnings per diluted share of $1.32
Result: reported results

Exact text from the filing

Fifty-Two Weeks Ended August 26, 2023 vs. Fifty-Two Weeks Ended August 27, 2022 • Net sales were $1,242.7 million versus $1,168.7 million • Net income (2) of $133.6 million versus $108.6 million • Earnings per diluted share (“EPS”) (2) of $1.32 versus $1.08

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Simply Good Foods Co reported full fiscal year 2024 results: revenue Net sales expected to increase at the high end of the Company’s long-term algorithm of 4-6%, including the benefit of a. Guidance reaffirmed.

Period: full fiscal year 2024
Revenue: Net sales expected to increase at the high end of the Company’s long-term algorithm of 4-6%, including the benefit of a
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Full Year Fiscal 2024 outlook: • Net sales expected to increase at the high end of the Company’s long-term algorithm of 4-6%, including the benefit of a fifty- third week • Adjusted EBITDA (4,6) anticipated to increase slightly greater than the net sales growth rate

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Source: SEC EDGAR

accession 0001702744-23-000096

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