Welcome to our dedicated page for Simply Good news (Ticker: SMPL), a resource for investors and traders seeking the latest updates and insights on Simply Good stock.
Simply Good Foods Company (SMPL) provides investors and industry stakeholders with comprehensive updates through this centralized news hub. Track official press releases, financial disclosures, and strategic developments from the maker of Atkins, Quest, and OWYN nutrition products.
This resource delivers timely updates on earnings reports, product launches, and market expansions while maintaining strict adherence to factual accuracy. Users gain insights into SMPL's performance in the $XX billion nutritious snacking sector without speculative commentary.
Key content categories include quarterly financial results, innovation announcements in low-carb/high-protein foods, retail distribution partnerships, and sustainability initiatives. All materials are sourced directly from company filings and authorized communications.
Bookmark this page for streamlined access to SMPL's evolving position in consumer packaged goods. Combine these verified updates with broader market analysis for informed perspectives on the health-focused food sector.
Simply Good Foods Company (Nasdaq: SMPL) reported its financial results for the second quarter ended February 25, 2023. The Company achieved net sales of $296.6 million, nearly unchanged from last year. Net income rose to $25.6 million compared to $18.5 million in the previous year, resulting in earnings per diluted share of $0.25, up from $0.18. However, the gross margin declined to 34.6% due to rising supply chain costs. The Company reaffirmed its full-year sales outlook of slightly over 4-6% growth, though gross margin is expected to decline more than previously anticipated. Adjusted EBITDA for the year is projected to grow, but at a lesser rate than net sales.
The Simply Good Foods Company (NASDAQ: SMPL) has announced it will release its financial results for the 13-week fiscal second quarter ending February 25, 2023, on April 5, 2023, before market opening. A conference call will follow at 6:30 a.m. Mountain time (8:30 a.m. Eastern), featuring CEO Joseph E. Scalzo and CFO Shaun P. Mara. Investors can participate via a U.S. dial-in number or internationally. The conference will also be streamed live on the company’s website, with a replay available for two weeks after the call.
The Simply Good Foods Company (NASDAQ: SMPL) has announced a CEO succession plan, naming Geoff Tanner as President, COO, and CEO Elect effective April 3, 2023, succeeding Joseph E. Scalzo on July 7, 2023. Scalzo will transition to Executive Vice Chair of the Board and will serve until August 31, 2024. Under Scalzo's leadership, the company experienced significant growth, increasing net sales from $369 million in 2016 to nearly $1.2 billion in 2022, achieving a 21.2% CAGR. Tanner brings over 20 years of experience in the food industry, previously with The J.M. Smucker Company, and is expected to drive continued growth and innovation at Simply Good Foods.
On January 24, 2023, Quest™, under Simply Good Foods (NASDAQ: SMPL), launched Quest Cheese Crackers, offering 10g of protein and 5g of net carbs per serving. This new product aims to provide a savory, nutritious snacking option for health-conscious consumers. In partnership with DJ Steve Aoki, Quest is promoting the product through the #QuestCheeseParty Challenge on TikTok, encouraging user engagement and interaction. The crackers are available at major retailers like Amazon, Target, and Walmart, supporting the company’s strategy to meet growing consumer demand for healthier snack options. Quest emphasizes taste paired with nutritional value in its expanding portfolio.
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