Simply Good Foods Q2 net sales +5.3% to $312.2M, adj EPS $0.40, trims FY net sales growth outlook

Simply Good Foods Co

2024-Q2 EPS reported $0.68 revenue$620,877,000

Q2 net sales $312.2M (+5.3% YoY); reported net income $33.1M, diluted EPS $0.33 vs $0.25.
Adjusted diluted EPS $0.40 vs $0.32; Adjusted EBITDA $57.8M vs $50.9M (+13.6%).
Gross margin improved 280 bps to 37.4% driven by lower ingredient and packaging costs.
Full-year FY2024 net sales growth now expected ~mid-point of 4-6% (previously high-end); Adjusted EBITDA growth 6-8%.
Quest retail takeaway +12%; Atkins -8% in U.S. measured channels; weak Atkins consumption cited.

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 0.9

Simply Good Foods Co reported thirteen weeks ended February 24, 2024 results: revenue $312.2 million, net income $33.1 million, EPS $0.33. Guidance reaffirmed.

Period: thirteen weeks ended February 24, 2024
Revenue: $312.2 million
Net income: $33.1 million
EPS: $0.33
Guidance: reaffirmed
Result: reported results

Exact text from the filing

of branded nutritional foods and snacking products, today reported financial results for the thirteen weeks ended February 24, 2024. Second Quarter Summary: (1) • Net sales of $312.2 million versus $296.6 million • Net income of $33.1 million versus $25.6 million • Earnings per diluted share (“EPS”) of $0.33 versus $0.25 • Adjusted Diluted EPS (2) of $0.40 versus

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Source: SEC EDGAR

accession 0001702744-24-000019

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