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.
The Simply Good Foods Company (Nasdaq: SMPL) generates a steady flow of news as a participant in the nutritional snacking category with its Quest, Atkins and OWYN brands. This news page aggregates coverage of company announcements, brand initiatives and financial disclosures so investors and consumers can see how the business and its brands are evolving over time.
Recent news releases highlight product and brand developments across the portfolio. For example, Atkins has announced partnerships and research related to weight wellness and GLP‑1 users, including clinical trial findings on how Atkins high protein shakes and bars can fit into tailored eating approaches that emphasize protein and fiber while limiting sugar and carbohydrates. Quest has issued news on new high-protein chip flavors and product extensions such as protein donuts, underscoring its focus on snacks that are high in protein and low in sugar and net carbs.
Simply Good Foods also regularly reports its quarterly and annual financial results, providing updates on net sales, net income, Adjusted EBITDA and retail takeaway trends for Quest, Atkins and OWYN. These earnings releases often include commentary on category dynamics, brand performance, cost pressures, productivity initiatives and the company’s outlook for future fiscal periods.
Visitors to this SMPL news page can review press releases on topics such as product launches, clinical or nutrition-related findings tied to its brands, recognition for product innovation, acquisition integration updates and scheduled earnings calls. By following these updates, readers can better understand how The Simply Good Foods Company is executing its strategy in high-protein, low-sugar and low-carb snacking, as well as how management communicates financial performance and strategic priorities to the market.
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.
Atkins, a brand under Simply Good Foods (Nasdaq: SMPL), has launched ready-to-drink shakes in new packaging made from 78% renewable plant-based materials. This sustainable Tetra Pak carton significantly reduces carbon footprint by 17% compared to traditional fossil fuel-based packaging. The company is the first in the U.S. to use this innovative carton, which also supports the recycling process and minimizes food waste. The product line features 15 flavors, including Milk Chocolate Delight and Creamy Vanilla, available in various retail channels.
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.
Quest, part of Simply Good Foods Company (Nasdaq: SMPL), announced the recipients of its inaugural Quest Rookie Challenge, awarding a total of $80,000 in grants. Four organizations—Los Courage Camps, Art in the Paint, Create Now, and Black People Will Swim—each received $20,000 to aid their community-focused initiatives. These grants aim to support local engagement and provide resources for at-risk youth and underserved communities. Quest plans to follow their progress over the next six months, promoting healthy lifestyles and community empowerment.
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.