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 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®.
The Simply Good Foods Company (Nasdaq: SMPL) reported a 21.7% increase in net sales to $281.3 million for the first quarter ended November 27, 2021, driven by strong performance from its Atkins and Quest brands. Gross profit was $116.6 million, with a gross margin of 41.4%, up 70 basis points. Net income fell to $21.2 million from $43.0 million year-over-year. The company adjusted its fiscal 2022 outlook, now expecting net sales growth of 12-14% and gross margin contraction of approximately 250 basis points due to supply chain inflation. Adjusted EBITDA rose 34.7% to $65.6 million.
The Simply Good Foods Company (NASDAQ: SMPL) will report its financial results for the first quarter ending November 27, 2021, on January 5, 2022, before market open. A conference call led by CEO Joseph E. Scalzo and CFO Todd Cunfer will commence at 6:30 a.m. Mountain Time. Interested investors can join via phone or online at the company’s website. The call will provide insights into the company’s performance and future strategies.
The Simply Good Foods Company (Nasdaq: SMPL) reported a strong fiscal 2021 fourth quarter with a 16.9% increase in net sales to $259.9 million, driven by solid performance from Atkins and Quest brands. Gross profit margin rose to 40.2%, net income reached $18.2 million, and earnings per share improved to $0.19. For fiscal 2022, the company anticipates net sales growth between 8-10%, despite a 1 percentage point headwind from exiting the European market. Adjusted EBITDA is expected to grow slightly faster than net sales.
Quest Nutrition, a part of The Simply Good Foods Company (Nasdaq: SMPL), has launched its inaugural national TV campaign. This campaign celebrates everyday individuals as 'rookies' pursuing personal challenges with athlete-worthy nutrition. It features rookie athletes such as Didi Richards and Ian Book, along with new products like Quest Frosted Cookies, which offer low sugar and high protein options. The campaign aims to provide support and motivation for anyone on their wellness journey. Additionally, Quest is donating to local organizations to further its community impact.
The Simply Good Foods Company (NASDAQ: SMPL) will announce its financial results for the 13-week fiscal fourth quarter ending August 28, 2021, on October 22, 2021, before market open. The company will host a conference call at 6:30 a.m. MT (8:30 a.m. ET) featuring CEO Joseph E. Scalzo and CFO Todd Cunfer. Investors can participate by calling specific numbers or tuning into the live broadcast on the company's website. A replay will be available until November 5, 2021.
The Simply Good Foods Company (Nasdaq: SMPL) reported significant financial results for the thirteen weeks ending May 29, 2021. Net sales surged by 32.0% to $284.0 million, primarily driven by strong performances from Atkins and Quest brands. However, net income decreased to $5.9 million from $48.1 million in the prior year due to non-cash charges related to warrant liabilities. The company raised its full-year guidance, projecting net sales of $995-1,005 million and Adjusted EBITDA of $200-205 million, reflecting positive trends from improving consumer mobility.
The Simply Good Foods Company (NASDAQ: SMPL) will release its fiscal third quarter financial results for the period ending May 29, 2021, on July 1, 2021, prior to market opening. A conference call hosted by CEO Joseph E. Scalzo and CFO Todd Cunfer will begin at 6:30 a.m. MT (8:30 a.m. ET) to discuss these results further. Investors can join the call by dialing 1-877-407-0792 or 201-689-8263 for international access. The presentation will also be available on the company's website. A replay will be accessible until July 15, 2021.
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