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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.

The Simply Good Foods Company (NASDAQ:SMPL ) Q3 2023 Earnings Conference Call June 29, 2023 9:00 AM ET Company Participants Mark Pogharian - Vice President of Investor Relations Joe Scalzo - President & Chief Executive Officer Geoff Tanner - President, Chief Operating Officer & Chief Executive Officer Elect Shaun Mara - Chief Financial Officer Conference Call Participants Matt Smith - Stifel John Baumgartner - Mizuho Securities Pamela Kaufman - Morgan Stanley Rob Dickerson - Jefferies Jason English - Goldman Sachs Steve Powers - Deutsche Bank Operator Good morning and welcome to Simply Good Foods Company Fiscal Third Quarter 2023 Conference Call. At this time, all participants are in a listen-only mode.

The Simply Good Foods Company (NASDAQ:SMPL) shares moved higher on Thursday morning after the developer, marketer and seller of branded nutritional foods and snacking products posted a third quarter fiscal 2023 earnings beat.  For the quarter ended May 27, 2023, the company reported adjusted earnings per share of $0.44, the same as the year-ago quarter and ahead of the Street's expectation per Zacks Consensus Estimate (ZCE) of $0.42.

Simply Good Foods (SMPL) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.44 per share a year ago.

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.

Shares of The Simply Good Foods Company (NASDAQ:SMPL) fell sharply in early trade despite the company reporting second-quarter sales and earnings that narrowly beat expectations. Simply Good Foods, which develops, markets and sells branded nutritional foods and snacking products, posted net sales of $296.6 million for the 13 weeks to February 25, 2023, slightly lower than the $296.7 million reported for the same period a year earlier but ahead of the $290.7 million expected by analysts surveyed by Zacks Investment Research.

Simply Good Foods (SMPL) delivered earnings and revenue surprises of 6.67% and 2.03%, respectively, for the quarter ended February 2023. Do the numbers hold clues to what lies ahead for the stock?

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.

The company's revenue growth should benefit from good demand for nutritional snacking products and the economic re-opening. Margins should improve from moderating inflation and price increases.

The Simply Good Foods Q1 23 results show 7% sales growth amidst headwinds and beat EPS expectations by $0.01 to reach $0.42 per share. We see solid fundamentals and healthy cash flow from operations. Quest and snack offerings are driving this company forward through sales and delivering continued product innovations.