secwatch.observer — SEC 8-K summary
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Issuer:     Simply Good Foods Co (SMPL)
CIK:        0001702744
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001702744-24-000019
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702744/000170274424000019/0001702744-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702744/000170274424000019/atk-20240404.htm
  HTML page:      https://secwatch.observer/filing/0001702744-24-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer