Brief: The Simply Good Foods Co Reports Second Quarter 2023 Financial Results

The Simply Good Foods

05/04/2023 12:27

April 5 (Reuters) - Simply Good Foods Co  SMPL.O :
    * THE SIMPLY GOOD FOODS COMPANY REPORTS SECOND QUARTER 2023
FINANCIAL RESULTS AND UPDATES FULL FISCAL YEAR 2023 OUTLOOK
    * SEES 2023 NET SALES TO INCREASE SLIGHTLY GREATER THAN 4-6%
LONG-TERM ALGORITHM
    * FULL FISCAL YEAR 2023 GROSS MARGIN WILL DECLINE GREATER
THAN
PREVIOUS ESTIMATE DUE TO YEAR-TO-DATE GROSS MARGIN PERFORMANCE
    * SEES 2023 ADJUSTED DILUTED EPS TO INCREASE LESS THAN
ADJUSTED
EBITDA
    * Q2 EARNINGS PER SHARE VIEW $0.29, REVENUE VIEW $293.9
MILLION --
REFINITIV IBES DATA
    * FY2023 EARNINGS PER SHARE VIEW $1.62, REVENUE VIEW $1.25
BILLION
-- REFINITIV IBES DATA
    * MARCH RETAIL TAKEAWAY IN COMBINED U.S. MEASURED AND
UNMEASURED
CHANNELS INCREASED ABOUT 12%
    * CONTINUE TO ANTICIPATE THAT U.S. RETAIL TAKEAWAY WILL
MODERATE
OVER REMAINDER OF YEAR

Source text for Eikon:  ID:nGNX87KDv 
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