Reports Q1 revenue $341.3M, consensus $347.32M. “We continue to see increased relevance and “mainstreaming” of nutritional snacking products as consumers seek high protein, low-sugar, low-carb foods. This resulted in strong first quarter retail takeaway growth for both the category and Simply Good Foods (SMPL),” said Geoff Tanner, President and Chief Executive Officer of Simply Good Foods. “Simply Good Foods first quarter retail takeaway was about 8%, representing a good start to the year and positions us well to deliver on our fiscal year 2025 plans and commitments. Net sales growth of 10.6% was primarily driven by the OWYN acquisition. Gross margin was better than our estimate and resulted in strong Adjusted EBITDA growth of 13.1%.”
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