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The Simply Good Foods Company Common Stock (symbol: SMPL) operates as a consumer packaged food and beverage company serving North America and international markets. Headquartered in Denver, Colorado, the company focuses on developing, marketing, and selling a diverse range of low-carbohydrate, high-protein snacks and meal replacements under the Atkins™ and Quest™ brand names.
The company’s extensive product portfolio includes nutrition bars, ready-to-drink (RTD) shakes, sweet and salty snacks, protein bars, cookies, protein chips, and licensed frozen meals. These products cater to consumers seeking healthier snack options without sacrificing taste. Simply Good Foods distributes its products through multiple retail channels, including mass merchandise, grocery and drug stores, club stores, convenience stores, gas stations, and e-commerce platforms like Atkins.com, QuestNutrition.com, and Amazon.com.
Recently, the company launched notable marketing campaigns to increase brand awareness and relevance among new consumer demographics. For instance, the Atkins brand debuted its “Who Knew?” campaign featuring Rob Lowe, Wanda Sykes, and John Owen Lowe, aiming to challenge perceptions and highlight the brand’s delicious, low-carb offerings. Similarly, the Quest brand introduced its “It’s Basically Cheating” campaign with Kumail Nanjiani, emphasizing the taste and nutritional benefits of Quest products.
Financially, Simply Good Foods reported strong performance, reflecting its growth-oriented strategy and commitment to innovation. The company seeks to expand its wellness platform through organic growth and strategic investments in the snacking and broader food categories.
With a firm dedication to leading the nutritious snacking movement, Simply Good Foods continues to deliver great-tasting, better-for-you snacks and meal replacements, making it a notable player in the health-conscious food market.
The Simply Good Foods Company (Nasdaq: SMPL) reported its fiscal first-quarter 2025 financial results, highlighting an increase in net sales and reaffirming its fiscal year 2025 outlook. Key figures for the quarter ended November 30, 2024, include:
Net sales of $341.3 million, up from $308.7 million in the same period last year.
Net income of $38.1 million, compared to $35.6 million year-over-year.
Earnings per diluted share (EPS) of $0.38 versus $0.35.
Adjusted diluted EPS of $0.49 versus $0.43.
Adjusted EBITDA of $70.1 million, up from $62.0 million.
The growth was driven by the acquisition of Only What You Need, Inc. (OWYN), which contributed $32.3 million to net sales. The company's legacy net sales were flat year-over-year. Gross profit increased by $15.4 million to $130.5 million, with a gross margin of 38.2%, up 90 basis points. Operating expenses rose by $12.6 million, primarily due to higher employee-related costs and inclusion of OWYN.
Simply Good Foods reaffirmed its fiscal year 2025 outlook, expecting net sales to increase by 8.5% to 10.5% and adjusted EBITDA to grow by 4% to 6%. The company anticipates input cost inflation but aims to offset it through productivity and cost-saving initiatives. As of November 30, 2024, the company had $121.8 million in cash and repaid $50.0 million of its term loan debt, leaving an outstanding principal balance of $350.0 million.
Simply Good Foods (NASDAQ: SMPL) has rescheduled its first quarter fiscal year 2025 financial results announcement to Wednesday, January 8, 2025, before market open. The change from the original January 9 date is due to the National Day of Mourning for President Carter. The company will host a conference call at 6:30 a.m. Mountain time (8:30 a.m. Eastern time) with CEO Geoff Tanner and CFO Shaun Mara. Investors can participate by dialing 1-877-407-0792 (U.S.) or 201-689-8263 (International). The call and presentation slides will be available on the company's website, with a replay accessible until January 15, 2025.
Simply Good Foods (NASDAQ: SMPL) has announced it will release its fiscal first quarter 2025 financial results on Thursday, January 9, 2025, before market open. The results will cover the 13-week period ended November 30, 2024. The company will host a conference call at 6:30 a.m. Mountain time (8:30 a.m. Eastern time) featuring CEO Geoff Tanner and CFO Shaun Mara. Investors can participate by dialing 1-877-407-0792 (U.S.) or 201-689-8263 (International). The presentation will be broadcast live on the company's website, with a replay available until January 16, 2025.
Quest Nutrition has announced a partnership with USA Rugby as their official protein snack partner for the national teams. The collaboration aims to provide USA Eagles athletes with Quest's protein-rich products including bars, cookies, and chips to support their training and competition needs. The partnership will particularly benefit the USA Women's Sevens Team, which competes in seven tournaments across five continents annually. Quest's products will help maintain athletes' energy levels during their rigorous training sessions and global competitions.
Quest, a brand under Simply Good Foods (SMPL), launched its new 'Sweet on Protein' marketing campaign to introduce the Quest Bake Shop line, featuring protein-rich baked goods. The campaign extends the 'It's Basically Cheating' initiative and will be distributed across film, digital, social, and out-of-home advertising platforms. The new product line includes Blueberry Muffins, Chocolate Chip Muffins, and Chocolate Brownie flavors, available nationally at major retailers including Amazon, Walmart, Target, and Kroger. This campaign marks the first major initiative under Simply Good Foods' new partnership with Publicis Groupe's SG1, their new integrated agency of record.
Simply Good Foods (NASDAQ: SMPL) reported Q4 fiscal 2024 results with net sales of $375.7 million, up 17.2% from $320.4 million last year. The company completed the OWYN acquisition on June 13, 2024, contributing 9.1 percentage points to net sales growth. Net income was $29.3 million versus $36.6 million in Q4 2023. For fiscal 2025, the company expects net sales growth of 8.5-10.5%, with OWYN contributing $135-145 million, and Adjusted EBITDA growth of 4-6%. The company ended the year with a cash position of $132.5 million and a Net Debt to Adjusted EBITDA ratio of 1.0x.
The Simply Good Foods Company (NASDAQ: SMPL), a developer, marketer, and seller of branded nutritional foods and snacking products, has announced it will report financial results for the 14-week fiscal fourth quarter and full fiscal year ended August 31, 2024, on Thursday, October 24, 2024, before market open. The company will host a conference call at 6:30 a.m. Mountain time (8:30 a.m. Eastern time) on the same day to discuss the results.
Participating in the call will be Geoff Tanner, President and Chief Executive Officer, and Shaun Mara, Chief Financial Officer. Investors can join the live call by dialing 1-877-407-0792 from the U.S. or 201-689-8263 for international callers. The call and presentation slides will also be broadcast live on the company's website. A telephone replay will be available until Thursday, October 31, 2024.
The Simply Good Foods Company (Nasdaq: SMPL) has appointed Mike Clawson as Chief Customer Officer (CCO), effective October 14, 2024. This strategic move aligns with the company's growth plan, focusing on an enhanced selling model and multi-year growth plans with key customers. Clawson, a CPG veteran with 25 years of experience, will report directly to CEO Geoff Tanner.
Clawson's appointment comes as part of Simply Good Foods' efforts to expand its leadership in the nutritional snacking category. He replaces Jill Short, who is departing after 17 years with the company. The company reports that the integration of the OWYN business is progressing well, and it is on track to meet its fiscal 2024 financial objectives.
Atkins, a pioneer in low-carb lifestyle, has launched the 'Atkins Way' campaign featuring Rob Lowe, alongside new product innovations. The campaign aims to offer a joyful approach to eating and freedom from dieting. New products include:
1. Atkins Strong High Protein Shakes: 30g protein, 7g prebiotic fiber, 2g net carbs
2. Coffee House Collection Latte Meal Bars: 15g protein, 2g sugar, 4 net carbs
3. Atkins Endulge Truffles: 2g net carbs per serving
4. Atkins Endulge Gummy Bears: <1g sugar, 2 net carbs
These products are designed to support weight wellness journeys and align with a balanced lifestyle.
Quest Nutrition has launched its new Quest™ Bake Shop line, featuring Chocolate Brownies, Blueberry Muffins, and Chocolate Chip Muffins. This marks the brand's first venture into the bakery category, offering treats that are high in protein and low in sugar and net carbs. Each serving contains 10g of protein, 2-3g of net carbs, and less than 2g of sugar.
The new line aims to provide indulgent options that support a healthy lifestyle while delivering the macronutrients consumers seek. Quest™ Bake Shop products are now available at major retailers including Amazon, Walmart, Target, and Kroger. This launch aligns with Quest's mission to turn snacks into nutritional hacks, making it easier for consumers to enjoy classic flavors while supporting their health goals.
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