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The Simply Good Foods Company reports developments for a nutritional snacking business built around Quest, Atkins and OWYN. Its updates cover financial results and outlook, brand-level sales trends, input-cost pressures, product launches and retail availability for protein bars, ready-to-drink shakes, chips, snacks and related confectionery products.
Company news also includes cost-savings initiatives, corporate realignment, executive leadership changes, investor relations appointments and Nasdaq compensation disclosures tied to employment arrangements. Brand releases from Quest Nutrition highlight new protein snack formats and marketing partnerships within the company’s active-lifestyle product portfolio.
The Simply Good Foods Company (Nasdaq: SMPL) is acquiring Only What You Need (OWYN) for $280 million in cash, a move that adds a fast-growing RTD protein shake brand to its portfolio. OWYN, a leading plant-based RTD protein shake brand, will enhance Simply Good Foods' presence in the market. OWYN is expected to achieve net sales of approximately $120 million in 2024. The acquisition is aimed at accelerating profitable growth, increasing distribution, and leveraging shared R&D expertise. The deal is expected to close by the end of fiscal year 2024.
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