Brief: Simply Good Foods Co Reports Fiscal Q3 Financial Results

The Simply Good Foods

30/06/2022 12:07

June 30 (Reuters) - Simply Good Foods Co  SMPL.O :
    * THE SIMPLY GOOD FOODS COMPANY REPORTS FISCAL THIRD QUARTER
2022
FINANCIAL RESULTS
    * Q3 ADJUSTED EARNINGS PER SHARE $0.44
    * Q3 EARNINGS PER SHARE $0.38
    * Q3 EARNINGS PER SHARE VIEW $0.35, REVENUE VIEW $294.1
MILLION --
REFINITIV IBES DATA
    * SEES Q4 NET SALES BELOW ANTICIPATED RETAIL TAKEAWAY
INCREASE OF
HIGH-SINGLE DIGITS ON A PERCENTAGE BASIS VERSUS LAST YEAR
    * SEES FY NET SALES TO INCREASE ABOUT 14-15% VERSUS LAST
YEAR
    * SEES FULL-YEAR FISCAL 2022 ADJUSTED DILUTED EPS TO
INCREASE
GREATER THAN ADJUSTED EBITDA GROWTH RATE
    * SEES A 2 PERCENTAGE POINT HEADWIND DUE TO EUROPE BUSINESS
EXIT
AND LICENSING OF QUEST FROZEN PIZZA BUSINESS IN FY SALES
    * FY2022 EARNINGS PER SHARE VIEW $1.46, REVENUE VIEW $1.15
BILLION
-- REFINITIV IBES DATA

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