Simply Good Foods (NASDAQ:SMPL) Posts Q3 Sales In Line With Estimates

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Simply Good Foods (NASDAQ:SMPL) Posts Q3 Sales In Line With Estimates Packaged food company Simply Good Foods (NASDAQ:SMPL) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 17.2%...

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Its non-GAAP profit of $0.50 per share wasalso in line with analysts’ consensus estimates.Is now the time to buy Simply Good Foods?Revenue: $375.7 million vs analyst estimates of $373.3 million . Adjusted EPS: $0.50 vs analyst expectations of $0.50 . EBITDA: $77.45 million vs analyst estimates of $74.96 million . Gross Margin : 38.8%, up from 37.6% in the same quarter last year. EBITDA Margin: 20.6%, in line with the same quarter last year. \"In fiscal 2024, the Simply Good Foods team delivered on our strategic initiatives driving solid retail takeaway gains that resulted in full year volume driven legacy net sales growth of about 5% and an increase of Adjusted EBITDA of nearly 10%,\" said Geoff Tanner, President and Chief Executive Officer.This quarter, Simply Good Foods’s year-on-year revenue growth was 17.2%, and its $375.7 million of revenu","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NDAQ":"纳斯达克OMX交易所","SMPL":"Simply Good Foods Company",".IXIC":"NASDAQ Composite"},"translate_title":"Simply Good Foods（纳斯达克：SMPL）公布第三季度销售额符合预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".IXIC":1,"NDAQ":1,"SMPL":1},"content_text":"Simply Good Foods (NASDAQ:SMPL) Posts Q3 Sales In Line With Estimates \n \n\nPackaged food company Simply Good Foods (NASDAQ:SMPL) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 17.2% year on year to $375.7 million. Its non-GAAP profit of $0.50 per share wasalso in line with analysts’ consensus estimates. \nIs now the time to buy Simply Good Foods? Find out in our full research report.\n\nSimply Good Foods (SMPL) Q3 CY2024 Highlights:\n\nRevenue: $375.7 million vs analyst estimates of $373.3 million (in line)\nAdjusted EPS: $0.50 vs analyst expectations of $0.50 (in line)\nEBITDA: $77.45 million vs analyst estimates of $74.96 million (3.3% beat)\nGross Margin (GAAP): 38.8%, up from 37.6% in the same quarter last year\nOperating Margin: 12.7%, down from 17.4% in the same quarter last year\nEBITDA Margin: 20.6%, in line with the same quarter last year\nFree Cash Flow Margin: 13.5%, down from 18.5% in the same quarter last year\nMarket Capitalization: $3.23 billion\n\n\n\"In fiscal 2024, the Simply Good Foods team delivered on our strategic initiatives driving solid retail takeaway gains that resulted in full year volume driven legacy(5) net sales growth of about 5% and an increase of Adjusted EBITDA of nearly 10%,\" said Geoff Tanner, President and Chief Executive Officer.\nCompany Overview\nBest known for its Atkins brand that was inspired by the popular diet of the same name, Simply Good Foods (NASDAQ:SMPL) is a packaged food company whose offerings help customers achieve their healthy eating or weight loss goals. \nShelf-Stable Food\nAs America industrialized and moved away from an agricultural economy, people faced more demands on their time. Packaged foods emerged as a solution offering convenience to the evolving American family, whether it be canned goods or snacks. Today, Americans seek brands that are high in quality, reliable, and reasonably priced. Furthermore, there's a growing emphasis on health-conscious and sustainable food options. Packaged food stocks are considered resilient investments. People always need to eat, so these companies can enjoy consistent demand as long as they stay on top of changing consumer preferences. The industry spans from multinational corporations to smaller specialized firms and is subject to food safety and labeling regulations. \nSales Growth\nA company’s long-term performance can indicate its business quality. Any business can put up a good quarter or two, but many enduring ones grow for years. \nSimply Good Foods is a small consumer staples company, which sometimes brings disadvantages compared to larger competitors benefitting from economies of scale. \n As you can see below, Simply Good Foods grew its sales at a decent 9.8% compounded annual growth rate over the last three years as consumers bought more of its products. \n\nThis quarter, Simply Good Foods’s year-on-year revenue growth was 17.2%, and its $375.7 million of revenue was in line with Wall Street’s estimates. \nLooking ahead, sell-side analysts expect revenue to grow 11.1% over the next 12 months, an acceleration versus the last three years. This projection is noteworthy and shows the market believes its newer products will spur faster growth. \nWhen a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.\nCash Is King\nFree cash flow isn't a prominently featured metric in company financials and earnings releases, but we think it's telling because it accounts for all operating and capital expenses, making it tough to manipulate. Cash is king. \nSimply Good Foods has shown terrific cash profitability, driven by its lucrative business model that enables it to reinvest, return capital to investors, and stay ahead of the competition. The company’s free cash flow margin was among the best in the consumer staples sector, averaging 14.6% over the last two years. \nTaking a step back, we can see that Simply Good Foods’s margin expanded by 3.4 percentage points during that time. This shows the company is heading in the right direction, and because its free cash flow profitability rose more than its operating profitability, continued increases could suggest it’s becoming a less capital-intensive business. \n\nSimply Good Foods’s free cash flow clocked in at $50.79 million in Q3, equivalent to a 13.5% margin. The company’s cash profitability regressed as it was 5 percentage points lower than in the same quarter last year. This warrants extra attention because consumer staples companies typically produce more consistent and defensive performance. \nKey Takeaways from Simply Good Foods’s Q3 Results\nIt was good to see Simply Good Foods beat analysts’ EBITDA expectations this quarter. We were also happy its gross margin narrowly outperformed Wall Street’s estimates. Overall, this quarter had some key positives. The stock traded up 2.4% to $33 immediately following the results. \nShould you buy the stock or not?We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it’s free.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477639346"}