The Simply Good Foods Company Reports Fiscal Second Quarter 2020 Financial Results; Net Sales and Earnings Exceeded Expectations

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Go back to The Simply Good Foods Company Reports Fiscal Second Quarter 2020 Financial Results; Net Sales and Earnings Exceeded Expectations

Simply Good Foods (SMPL) Tops Q2 EPS by 5c, Revenues Beat; Withdraws FY20 Guidance

April 6, 2020 7:02 AM EDT

Simply Good Foods (NASDAQ: SMPL) reported Q2 EPS of $0.23, $0.05 better than the analyst estimate of $0.18. Revenue for the quarter came in at $227.1 million versus the consensus estimate of $220.9 million.

driven by point of sales growth in measured and non-measured channels and a slight seasonal inventory build. Combined with good cost controls, legacy Atkins margins and profit were up nicely. As expected, Quest net sales growth was strong, up double digits on a percentage basis versus the comparable year ago period resulting in margin improvement.

Total Simply Good Foods retail takeaway for the thirteen... More