Simply Good Foods Q3 2021 Earnings Report
Key Takeaways
The Simply Good Foods Company reported a 32.0% increase in net sales, driven by strong Atkins and Quest performance. Adjusted EBITDA increased by 55.6% to $67.5 million. The company has updated its full fiscal year 2021 outlook, expecting net sales to be in the $995-1,005 million range and Adjusted EBITDA to be in the $200-205 million range.
Net sales increased 32.0% driven by strong Atkins and Quest performance
Net income of $5.9 million versus $48.1 million
Adjusted Diluted EPS of $0.43 versus $0.26
Adjusted EBITDA increased 55.6% to $67.5 million
Simply Good Foods
Simply Good Foods
Simply Good Foods Revenue by Geographic Location
Forward Guidance
Assuming no significant COVID-19 related disruptions, the Company anticipates full year fiscal 2021 net sales of $995-1,005 million and Adjusted EBITDA of $200-205 million. Adjusted Diluted EPS is expected to be in the range of $1.20 to $1.25.
Positive Outlook
- Full year fiscal 2021 net sales expected to be $995-1,005 million.
- Adjusted EBITDA expected to be $200-205 million.
- Full year gross margin expected to be about the same as fiscal 2020.
- Anticipate Adjusted EBITDA margin expansion in fiscal 2021.
- Adjusted Diluted EPS to be in the range of $1.20 to $1.25.