secwatch.observer — SEC 8-K summary
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Issuer:     Simply Good Foods Co (SMPL)
CIK:        0001702744
Form:       8-K
Filed at:   2024-01-04T23:59:59+00:00
Accession:  0001702744-24-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702744/000170274424000003/0001702744-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702744/000170274424000003/atk-20240104.htm
  HTML page:      https://secwatch.observer/filing/0001702744-24-000003

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