The Simply Good Foods Company Reports Fiscal Third Quarter 2020 Financial Results; Provides Full Fiscal Year 2020 Outlook
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Simply Good Foods (SMPL) Tops Q3 EPS by 11c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus, FY20 Revenue Guidance Below Consensus
July 8, 2020 7:06 AM EDTSimply Good Foods (NASDAQ: SMPL) reported Q3 EPS of $0.26, $0.11 better than the analyst estimate of $0.15. Revenue for the quarter came in at $215.1 million versus the consensus estimate of $208.08 million.
Third Quarter 2020 Financial Highlights vs. Third Quarter 2019
Net sales increased 54.2%, or $75.6 million, to $215.1 millionGross profit margin of 41.2%, an increase of 60 basis pointsNet income of $16.4 million versus $13.5 millionAdjusted EBITDA(1) increased 74.2% to $43.4 million, primarily related to the Quest acquisitionEarnings per diluted share (EPS), $0.17, an increase of $0.01 per fully diluted shareAdjusted Diluted EPS (2) of $0.26 versus $0.20The impact of... More
