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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 a strong fiscal 2021 fourth quarter with a 16.9% increase in net sales to $259.9 million, driven by solid performance from Atkins and Quest brands. Gross profit margin rose to 40.2%, net income reached $18.2 million, and earnings per share improved to $0.19. For fiscal 2022, the company anticipates net sales growth between 8-10%, despite a 1 percentage point headwind from exiting the European market. Adjusted EBITDA is expected to grow slightly faster than net sales.
Quest Nutrition, a part of The Simply Good Foods Company (Nasdaq: SMPL), has launched its inaugural national TV campaign. This campaign celebrates everyday individuals as 'rookies' pursuing personal challenges with athlete-worthy nutrition. It features rookie athletes such as Didi Richards and Ian Book, along with new products like Quest Frosted Cookies, which offer low sugar and high protein options. The campaign aims to provide support and motivation for anyone on their wellness journey. Additionally, Quest is donating to local organizations to further its community impact.
The Simply Good Foods Company (NASDAQ: SMPL) will announce its financial results for the 13-week fiscal fourth quarter ending August 28, 2021, on October 22, 2021, before market open. The company will host a conference call at 6:30 a.m. MT (8:30 a.m. ET) featuring CEO Joseph E. Scalzo and CFO Todd Cunfer. Investors can participate by calling specific numbers or tuning into the live broadcast on the company's website. A replay will be available until November 5, 2021.
The Simply Good Foods Company (Nasdaq: SMPL) reported significant financial results for the thirteen weeks ending May 29, 2021. Net sales surged by 32.0% to $284.0 million, primarily driven by strong performances from Atkins and Quest brands. However, net income decreased to $5.9 million from $48.1 million in the prior year due to non-cash charges related to warrant liabilities. The company raised its full-year guidance, projecting net sales of $995-1,005 million and Adjusted EBITDA of $200-205 million, reflecting positive trends from improving consumer mobility.
The Simply Good Foods Company (NASDAQ: SMPL) will release its fiscal third quarter financial results for the period ending May 29, 2021, on July 1, 2021, prior to market opening. A conference call hosted by CEO Joseph E. Scalzo and CFO Todd Cunfer will begin at 6:30 a.m. MT (8:30 a.m. ET) to discuss these results further. Investors can join the call by dialing 1-877-407-0792 or 201-689-8263 for international access. The presentation will also be available on the company's website. A replay will be accessible until July 15, 2021.
Simply Good Foods (Nasdaq: SMPL) announced a restatement of its financial statements following SEC guidance regarding the accounting for warrants from its 2017 SPAC merger. The restatement involves reclassifying public and private placement warrants from equity to liabilities, leading to an estimated liability increase of $110 million to $130 million for the quarter ended February 27, 2021. This adjustment does not impact cash flows or previously reported operating metrics. The company has about 6.7 million warrants remaining outstanding.
Simply Good Foods Company (NASDAQ: SMPL) announced its participation in a virtual fireside chat at the Goldman Sachs Global Staples Forum on May 18, 2021, at 10:30 a.m. ET. The event will be accessible via a live audio webcast on the company’s website and archived for 30 days. Headquartered in Denver, Simply Good Foods focuses on branded nutritional foods, including nutrition bars and shakes. With brands like Atkins and Quest, the company aims to lead in the nutritious snacking category, emphasizing innovation and growth in the food market.
The Simply Good Foods Company (Nasdaq: SMPL) reported a 1.5% increase in net sales to $230.6 million for the 13 weeks ended February 27, 2021, driven by strong e-commerce and Quest brand performance. Net income rose to $19.1 million compared to $10.7 million in the prior year, with earnings per diluted share increasing to $0.19. The company's full-year outlook expects net sales between $930-940 million and Adjusted EBITDA of $180-185 million. Despite challenges, the company is positioned for growth with ongoing investments and effective cost control measures.
The Simply Good Foods Company (Nasdaq: SMPL) is partnering with Walmart and Feeding America for the Fight Hunger. Spark Change. campaign, running from April 5 to May 3, 2021. For each purchase of participating products, the company will donate at least $0.10, securing a minimum of 50,000 meals and a maximum of 110,500 meals. Participating products include various Atkins and Quest snacks. This initiative reflects the company's commitment to community support and aligns with their brand values of offering nutritious products.
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