SMPL Stock Recent News

Simply Good Foods (SMPL) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.42 per share a year ago.

DENVER, Dec. 14, 2023 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (NASDAQ: SMPL) (“Simply Good Foods” or the “Company”), a developer, marketer and seller of branded nutritional foods and snacking products, today announced it will report financial results for the 13 week fiscal first quarter ended November 25, 2023, on Thursday, January 4, 2024, before market open. The Company will host a conference call to discuss these results with additional comments and details provided at that time. Participating on the call will be Geoff Tanner, President and Chief Executive Officer, and Shaun Mara, Chief Financial Officer.

Nutritional food and snacks producer The Simply Good Foods Co. NASDAQ: SMPL has seen its shares rocket higher on the weight-loss medication trend led by Ozempic, Novo Nordisk A/S NYSE: NVO Semaglutide drug. Simply Good is a member of the Consumer Staples sector.

Simply Good Foods (SMPL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Simply Good Foods (SMPL) posts higher sales for the fourth quarter of fiscal 2023 on increased sales across both segments.

Simply Good Foods Co shares climbed 7% to $34.72 in midday trading on Tuesday after the nutritional foods and snacking products provider reported fourth-quarter 2023 adjusted earnings per share (EPS) of $0.45, up from $0.36 a year ago and better than the Zacks consensus estimate of $0.44.  The company's revenue for the period rose 17% year-over-year to $320.42 million, which also edged past expectations.

Simply Good Foods (SMPL) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.36 per share a year ago.

SMPL's revenue has grown incredibly well, with a CAGR of +12% during the last decade. EBITDA has exceeded this, with a CAGR of +15%. The company has achieved good organic growth through its focus on healthy premium products. Consumers increasingly care about the content of their foods and how it impacts their lifestyle. We see this as a long-term growth trend, with products such as those that are high in protein expected to outgrow the wider packaged food industry.

Simply Good Foods faced margin pressures and slowing revenue growth due to inflationary headwinds and higher input costs. We believe Q4 is likely to be better as a result of positive data from Nielsen, and the gross margin is likely to improve due to moderating input cost inflation. The stock is undervalued compared to peers, and the company's long-term prospects in the active nutrition category support a Buy rating.

DENVER, Sept. 26, 2023 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (NASDAQ: SMPL) (“Simply Good Foods” or the “Company”), a developer, marketer and seller of branded nutritional foods and snacking products, today announced it will report financial results for the 13 week fiscal fourth quarter and full fiscal year ended August 26, 2023, on Tuesday, October 24, 2023, before market open. The Company will host a conference call to discuss these results with additional comments and details provided at that time. Participating on the call will be Geoff Tanner, President and Chief Executive Officer, and Shaun Mara, Chief Financial Officer.