Simply Good Foods up on Q2 profit beat

The Simply Good Foods

04/04/2024 14:11

** Shares of packaged food and beverage company Simply Good
Foods  SMPL.O  up 2.4% at $34.4 premarket
    ** Co posts Q2 adjusted profit of $0.40 per share, beating
analysts' estimate of $0.38 - LSEG IBES data
    ** Expects 2024 adj EBITDA to increase 6%-8%
    ** However, co trims annual net sales outlook on
lower-than-anticipated consumption for its nutritional snacking
brand Atkins during the qtr
    ** Now sees annual net sales to increase around mid-point of
co's long term algorithm of 4%-6% vs prior outlook that was at
the high-end of its long-term algorithm
    ** Stock is down more 17.7% YTD as of last close

 (Reporting by Atharva Singh in Bengaluru)
 ((Atharva.singh@thomsonreuters.com))