Simply Good Foods (SMPL) Tops Q2 EPS by 2c ; Provides Outlook

Simply Good Foods (NASDAQ: SMPL) reported Q2 EPS of $0.40, $0.02 better than the analyst estimate of $0.38. Revenue for the quarter came in at $312.2 million versus the consensus estimate of $318.34 million.

Full fiscal year 2024 Net Sales and Adjusted EBITDA(3) outlook(4):

Net sales expected to increase around the mid-point of the Company’s long-term algorithm of 4-6%, including the benefit of a fifty-third week. The Company previously expected Net Sales to increase at the high-end of its long-term algorithm.
Adjusted EBITDA(3) now anticipated to increase 6-8% driven by solid gross margin expansion.

For earnings history and earnings-related data on Simply Good Foods (SMPL) click here.

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