Simply Good Foods jumps as higher prices drive Q3 results beat

The Simply Good Foods

29/06/2023 14:58

(Updates)
    ** Shares of nutrition bars maker Simply Good Foods  SMPL.O 
rise as much as 6.6% to $36.87
    ** Co beats Q3 sales and profit expectations, boosted by
higher prices
    ** Q3 sales rises 2.6% to $324.8 mln, compared with
analysts' average estimate of $321.4 mln, per Refinitiv data
    ** Adjusted EPS of 44 cents tops expectations of 41 cents
    ** Co reiterates annual sales and profit forecasts
    ** Stock has fallen over 5% YTD

 (Reporting by Anne Florentyna Gnanaraja Sekar in Bengaluru)
 ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;))