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May 29, 2021
Simply Good Foods Q3 2021 Earnings Report
Reported strong Q3 2021 financial results driven by increasing consumer mobility and improving shopper traffic.
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
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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