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May 31
Simply Good Foods Q3 2025 Earnings Report
Simply Good Foods reported increased sales in Q3 2025 driven by strong performance from Quest and OWYN, while Atkins declined.
Key Takeaways
Simply Good Foods delivered solid top-line growth in Q3 2025 with revenue increasing to $381M, supported by strong Quest and OWYN performance. EPS held steady, and Adjusted EBITDA showed modest improvement.
Net sales rose to $381M, driven by 11% growth in Quest and 24% in OWYN.
Net income slightly declined year-over-year to $41.1M.
Adjusted EBITDA increased to $73.9M.
Atkins brand sales declined by 13% versus the prior year.
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 expects FY25 net sales growth of 8.5% to 9.5%, with OWYN contributing approximately $145M. Adjusted EBITDA is expected to grow 4% to 5%, despite inflation and tariff headwinds.
Positive Outlook
- OWYN forecasted to contribute $145M in FY25 net sales.
- Strong consumption trends in Quest and OWYN continue.
- Expectations of 3% organic net sales growth.
- Adjusted EBITDA expected to increase 4% to 5%.
- Gross margin decline partially offset by productivity and pricing.
Challenges Ahead
- Atkins brand remains under pressure with declining sales.
- Gross margin expected to decline by approximately 200 basis points YoY.
- Inflation and tariffs remain significant headwinds.
- 53rd week in FY24 creates a 2-point growth headwind.
- International organic net sales were down YoY.
Revenue & Expenses
Visualization of income flow from segment revenue to net income