Simply Good Foods: Q3 Earnings Insights

Shares of Simply Good Foods SMPL rose 9.3% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 62.50% year over year to $0.26, which beat the estimate of $0.15.

Revenue of $215,101,000 rose by 54.23% from the same period last year, which beat the estimate of $208,080,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Simply Good Foods hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jul 08, 2020

Time: 08:30 AM

ET Webcast URL: http://public.viavid.com/player/index.php?id=140294

Recent Stock Performance

52-week high: $31.34

Company's 52-week low was at $14.08

Price action over last quarter: Up 26.26%

Company Overview

Simply Good Foods provides nutritional bars (57% of sales), shakes (21%), treats (12%), and other nutritional products under the Atkins (57%), Quest (40%), and Simply Protein (3%) brands. The firm also licenses the Atkins brand to Bellisio Foods, which produces frozen meals. Atkins products are modeled after the philosophy of Dr. Robert Atkins, whose 1972 book, "Dr. Atkins' Diet Revolution," conferred the benefits of a high protein/low carbohydrate diet, and is credited with launching the low-carb diet trend. Quest, acquired in November 2019, also follows the high protein/low carbohydrate philosophy and targets active lifestyle consumers. Ninety-four percent of the firm's sales occur within North America.