The earnings call highlighted strong overall company performance with significant growth in net sales, especially from the Quest and OWYN brands. However, challenges remain for the Atkins brand with expected declines due to strategic adjustments. Overall, the sentiment is cautiously optimistic with a clear focus on long-term growth.
Company Guidance
During the Simply Good Foods Company's fiscal first quarter 2025 earnings call, the management provided guidance on several key financial metrics. The company reported a net sales increase of 10.6%, primarily driven by the acquisition of Only What You Need (OWYN), with legacy net sales remaining stable. The first quarter gross margin was 38.2%, exceeding forecasts, and adjusted EBITDA grew by 13.1%. For fiscal year 2025, Simply Good Foods reaffirmed its outlook, expecting net sales growth in the 4% to 6% range and adjusted EBITDA growth slightly greater than net sales, despite anticipated input cost inflation. The company also highlighted a strong performance in the nutritional snacking category, with retail takeaway growth of about 8%, driven by brands such as Quest and OWYN, while Atkins saw a slight decline. Looking ahead, Simply Good Foods expects continued momentum for its brands and anticipates fiscal year 2025 retail takeaway growth for Quest to be between 9% and 10%.
Strong Net Sales Growth
Total net sales increased 10.6% with significant contribution from the OWYN acquisition. Legacy sales remained stable year-over-year.
Quest Brand Performance
Quest retail takeaway growth was 10%, with strong performance in chips (26% growth) and e-commerce (18% growth).
OWYN Acquisition Success
OWYN retail takeaway grew 67%, with the brand becoming the third largest sports nutrition multipack brand in the U.S.
Gross Margin Improvement
First-quarter gross margin was 38.2%, exceeding forecasts, driven by lower-than-anticipated ingredient and packaging costs.
Adjusted EBITDA Growth
Adjusted EBITDA increased 13.1%, driven by gross profit growth and the inclusion of OWYN.
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Simply Good Foods (SMPL) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SMPL Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jan 08, 2025
$36.76
$35.84
-2.50%
Oct 24, 2024
$32.25
$33.33
+3.35%
Jun 27, 2024
$36.16
$35.69
-1.30%
Apr 04, 2024
$32.59
$32.73
+0.43%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does The Simply Good Foods Company (SMPL) report earnings?
The Simply Good Foods Company (SMPL) is schdueled to report earning on Apr 02, 2025, TBA Not Confirmed.
What is The Simply Good Foods Company (SMPL) earnings time?
The Simply Good Foods Company (SMPL) earnings time is at Apr 02, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.