The Simply Good Foods Company Reports Fourth Quarter and Full Year 2019 Financial Results; Provides 2020 Outlook
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Simply Good Foods (SMPL) Misses Q4 EPS by 8c, Revenues Beat
October 29, 2019 7:07 AM EDTSimply Good Foods (NASDAQ: SMPL) reported Q4 EPS of $0.07, $0.08 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $139.2 million versus the consensus estimate of $131.92 million.
Fourth Quarter 2019 Financial Performance vs. Fourth Quarter 2018 Financial Performance
Net sales increased 28.6%, or $30.9 million, to $139.2 millionGross profit margin of 42.5%, a decrease of 20 basis pointsNet income decreased $5.6 million to $6.1 millionEarnings per diluted share (EPS) of $0.07, a decrease of $0.08 per fully diluted shareAdjusted EBITDA(1) increased 33.0%, to $24.1 million."In fiscal 2019 the Simply Good Foods team executed well against our strategic... More
