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Mar 01
Simply Good Foods Q2 2025 Earnings Report
Simply Good Foods reported solid top-line growth and margin expansion in Q2 2025.
Key Takeaways
Simply Good Foods delivered strong Q2 results, with revenue rising 15% year-over-year, driven by Quest and the newly acquired OWYN brand. Adjusted EBITDA increased 18% amid favorable costs and disciplined spending.
Revenue rose 15% year-over-year to $359.7M
OWYN added $33.8M in sales in its first full quarter
Adjusted EBITDA increased 18% to $68M
Atkins sales declined 11.5%, while Quest and OWYN saw double-digit growth
Simply Good Foods
Simply Good Foods
Simply Good Foods Revenue by Segment
Simply Good Foods Revenue by Geographic Location
Revenue by Segment
Atkins Revenue
CapyFin.comQuest Revenue
CapyFin.comOWYN Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Simply Good Foods reaffirmed its FY25 outlook, projecting moderate growth driven by volume and product innovation.
Positive Outlook
- FY25 Net Sales expected to grow 8.5–10.5%
- OWYN FY25 revenue guided at $140–150M
- Adjusted EBITDA expected to grow 4–6%
- Cost savings and productivity initiatives in place
- Continued strong demand for high-protein, low-sugar products
Challenges Ahead
- 53rd week in FY24 is a 2-point headwind to growth comparisons
- Gross margin expected to decline ~200 bps YoY
- Tariffs and higher input costs anticipated in 2H FY25
- Atkins brand continues to see sales pressure
- Cash flow from operations down vs. prior year due to working capital
Revenue & Expenses
Visualization of income flow from segment revenue to net income