The Simply Good Foods Company ( (SMPL) ) has released its Q1 earnings. Here is a breakdown of the information The Simply Good Foods Company presented to its investors.
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The Simply Good Foods Company, headquartered in Denver, Colorado, is a consumer packaged food and beverage company specializing in nutritious snacking products under brands like Atkins, Quest, and OWYN.
The Simply Good Foods Company reported favorable financial results for its fiscal first quarter of 2025, marked by significant growth in net sales and net income compared to the previous year. The company’s acquisition of OWYN has contributed positively to its performance metrics.
Key highlights from the earnings report include a 10.6% increase in net sales, amounting to $341.3 million, and a net income rise to $38.1 million. The acquisition of OWYN has been instrumental in this growth, contributing $32.3 million to net sales. The company’s gross profit also experienced a noteworthy increase, bolstered by favorable input costs and strategic acquisitions.
Looking ahead, Simply Good Foods reaffirms its fiscal year 2025 outlook, anticipating net sales growth of 8.5% to 10.5% and adjusted EBITDA growth of 4% to 6%. The company remains focused on leveraging consumer trends towards high protein, low-sugar, and low-carb foods to drive sustainable growth and enhance shareholder value.
