Brief: The Simply Good Foods Company Reports Fiscal First Quarter 2023 Financial Results

The Simply Good Foods

05/01/2023 12:18

Jan 5 (Reuters) - Simply Good Foods Co  SMPL.O :
    * THE SIMPLY GOOD FOODS COMPANY REPORTS FISCAL FIRST QUARTER
2023
FINANCIAL RESULTS AND REAFFIRMS FULL FISCAL YEAR 2023 NET SALES
AND ADJUSTED EBITDA OUTLOOK
    * Q1 ADJUSTED EARNINGS PER SHARE $0.42
    * Q1 EARNINGS PER SHARE $0.36
    * SEES 2023 NET SALES TO INCREASE SLIGHTLY GREATER THAN 4-6%
LONG-TERM ALGORITHM
    * QTRLY NET SALES INCREASED $19.6 MILLION, OR 7.0%, TO
$300.9
MILLION VERSUS YEAR AGO PERIOD
    * SEES FULL-YEAR FISCAL 2023 ADJUSTED EBITDA TO INCREASE IN
LINE
WITH NET SALES GROWTH RATE
    * SEES  2023 ADJUSTED DILUTED EPS TO INCREASE LESS THAN
ADJUSTED
EBITDA GROWTH RATE
    * Q1 EARNINGS PER SHARE VIEW $0.40, REVENUE VIEW $300.5
MILLION --
REFINITIV IBES DATA
    * FY2023 EARNINGS PER SHARE VIEW $1.59, REVENUE VIEW $1.25
BILLION
-- REFINITIV IBES DATA

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