Simply Good Foods Q1 net sales up 2.6% to $308.7M; reaffirms FY2024 outlook

Simply Good Foods Co

2024-Q1 EPS reported $0.35 revenue$308,678,000

Net sales $308.7M (+2.6% YoY); net income $35.6M ($0.35 diluted EPS) vs $35.9M ($0.36).
Adjusted diluted EPS $0.43 vs $0.42; Adjusted EBITDA $62.0M vs $60.8M.
Gross margin improved 40 bps to 37.3% on lower ingredient and packaging costs.
Reaffirmed FY2024: net sales growth at high end of 4-6% (incl. 53rd week); Adj. EBITDA growth slightly higher.
Cash $121.4M; repaid $10M term loan in Q1 and additional $25M post-quarter.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Simply Good Foods Co reported fiscal first quarter ended November 25, 2023 results: revenue $308.7 million, net income $35.6 million, EPS $0.35. Guidance reaffirmed.

Period: fiscal first quarter ended November 25, 2023
Revenue: $308.7 million
Net income: $35.6 million
EPS: $0.35
Guidance: reaffirmed
Result: reported results

Exact text from the filing

First Quarter Summary: (1) • Net sales of $308.7 million versus $300.9 million • Net income of $35.6 million versus $35.9 million • Earnings per diluted share (“EPS”) of $0.35 versus $0.36

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Source: SEC EDGAR

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