SMPL Stock Recent News

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.

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.