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Simply Good Foods Company (NASDAQ: SMPL) announced that its largest stockholder, Conyers Park Sponsor, LLC, distributed all shares of the company's common stock to its unitholders. This pro rata distribution follows the planned schedule marking the fifth anniversary of the initial business combination that established Simply Good Foods. The majority of shares, about 8 million, were allocated to senior investment professionals associated with Centerview Capital Consumer, who currently intend to retain these shares and remain on the board.
The Simply Good Foods Company (NASDAQ: SMPL) will announce its financial results for the fourth quarter and full fiscal year 2022 on October 21, 2022, before market open. A conference call, featuring CEO Joseph E. Scalzo and CFO Todd Cunfer, will take place at 6:30 a.m. Mountain time (8:30 a.m. Eastern time) to discuss these results. Investors can access the call via phone or online. The company, known for brands like Atkins and Quest, focuses on nutritional foods and aims to enhance its wellness platform through innovation and growth.
The Simply Good Foods Company (Nasdaq: SMPL) reported strong third quarter results for the period ending May 28, 2022. Net sales rose by 11.5% to $316.5 million, driven by solid retail performance. Net income surged to $38.8 million from $5.9 million a year prior. Earnings per share increased to $0.38. The company anticipates full fiscal 2022 net sales growth of 14-15%, while adjusted EBITDA is expected to grow slightly less than net sales. However, fourth quarter sales may lag due to higher customer inventory levels.
The Simply Good Foods Company (NASDAQ: SMPL) will report its financial results for the fiscal third quarter ending May 28, 2022, on June 30, 2022, before market open. A conference call with CEO Joseph E. Scalzo and CFO Todd Cunfer will be held at 6:30 a.m. Mountain Time (8:30 a.m. Eastern Time) to discuss the results. Investors can participate by dialing 1-877-407-0792 or 201-689-8263 for international calls. The results will also be shared via a live broadcast on the Company's website.
Simply Good Foods (NASDAQ: SMPL) will participate in a fireside chat at the Goldman Sachs Staples Forum on May 17, 2022, at 8:55 a.m. ET. The event will be broadcast live via audio webcast, available on their website.
Headquartered in Denver, Simply Good Foods focuses on nutritious snacks and foods, featuring brands like Atkins and Quest. The company aims to drive innovation and growth in the wellness sector, reinforcing its commitment to healthier snacking.
The Simply Good Foods Company (Nasdaq: SMPL) has announced a $50 million addition to its stock repurchase program, which now totals approximately $76.2 million. The initiative aims to reduce outstanding shares and enhance shareholder value. The company reported cash and cash equivalents of $51.5 million as of February 26, 2022, with a term loan debt of $431.5 million and a Net Debt to Adjusted EBITDA ratio of 1.6x. CFO Todd E. Cunfer expressed confidence in the company's long-term growth and financial flexibility for future investments.
The Simply Good Foods Company (Nasdaq: SMPL) reported a 28.7% increase in net sales for the second quarter ended February 26, 2022, reaching $296.7 million. Net income surged to $18.5 million, an improvement from a net loss of $26.2 million year-over-year. Adjusted EBITDA rose 27.1% to $54.2 million. Despite a projected net sales growth of 13-15% for fiscal 2022, the company anticipates challenges from supply chain costs and a European business exit. Adjusted diluted EPS is expected to grow at a rate exceeding adjusted EBITDA growth.
Simply Good Foods (NASDAQ: SMPL) will report its financial results for the fiscal second quarter ending February 26, 2022, on April 6, 2022, before market open. The call will begin at 6:30 a.m. Mountain Time (8:30 a.m. Eastern Time) with CEO Joseph E. Scalzo and CFO Todd Cunfer discussing the results. Investors can join the live call via telephone or through the company's website. A replay will be available post-call until April 20, 2022. Simply Good Foods focuses on nutritious snacks like bars and shakes under brands such as Atkins and Quest.
Simply Good Foods Company has announced a repricing of its outstanding $431.5 million Term Loan B, effective January 21, 2022. The applicable margin on the loan's interest rate will decrease by 50 basis points to 3.25%, while the SOFR floor will adjust from 1.00% to 0.50%. The loan's maturity date remains unchanged at July 7, 2024. This financial restructuring is expected to enhance the company's liquidity and financial flexibility.
The Simply Good Foods Company (NASDAQ:SMPL) announced the cashless exercise of 6.7 million private placement warrants by Conyers Park Acquisition Corp., resulting in the issuance of 4,830,761 shares. This increases Conyers Park's total holdings from 8,936,017 to 13,766,778 shares, raising the total outstanding shares of Simply Good Foods to 100,963,850. The Chairman, James M. Kilts, emphasized the company's solid business model and growth potential, particularly with their strong brands, Atkins® and Quest®.
