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Nov 30, 2024
Simply Good Foods Q1 2025 Earnings Report
Reported financial results for Q1 2025 and reaffirmed fiscal year 2025 outlook.
Key Takeaways
Simply Good Foods reported a net sales increase of 10.6% to $341.3 million, driven primarily by the OWYN acquisition. The company's gross margin improved, leading to Adjusted EBITDA growth of 13.1%. They reaffirmed their fiscal year 2025 outlook, expecting continued growth.
Net sales increased to $341.3 million, up from $308.7 million.
Net income rose to $38.1 million compared to $35.6 million.
Earnings per diluted share increased to $0.38 from $0.35.
Adjusted EBITDA grew to $70.1 million, compared to $62.0 million.
Revenue by Segment
Forward Guidance
The Company reaffirms its fiscal year 2025 outlook due to solid retail takeaway, visibility into second quarter orders and strong Adjusted EBITDA growth.
Positive Outlook
- Net Sales expected to increase 8.5% to 10.5%
- OWYN fiscal year 2025 Net Sales expected to be in the $135-145 million range
- Adjusted EBITDA expected to increase 4% to 6%
- Strong advertising and marketing plans in place
- Innovation, merchandising and promotions that should enable it to achieve its objectives
Challenges Ahead
- The fifty-third week in fiscal year 2024 comparison year is about a 2-percentage point headwind to both Net Sales and Adjusted EBITDA growth in fiscal year 2025
- Company expects input cost inflation in fiscal year 2025
- Higher employee-related costs
- Corporate expenses
Historical Earnings Impact
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Avg. Return Before/After Earnings
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