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 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.
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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.