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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
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.