NASDAQ$SMPL
The Simply Good Foods Company · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Simply Good Foods' Q4 2022 financial results were reported, showcasing growth in net sales and earnings per share.
Simply Good Foods reported a 5.5% increase in net sales for the fourth quarter of fiscal year 2022, with net income rising to $30.1 million and earnings per diluted share reaching $0.30. The company's adjusted EBITDA also saw an increase, and they provided a positive outlook for fiscal year 2023, expecting continued growth.
- Net sales increased by 5.5% to $274.2 million.
- Net income was reported at $30.1 million, compared to $18.2 million in the previous year.
- Earnings per diluted share (EPS) increased to $0.30, up from $0.19.
- Adjusted EBITDA increased to $51.0 million, a rise from $48.5 million year-over-year.
Headline financials
Revenue & EPS history
Simply Good Foods · Revenue · Quarterly
$274M
Revenue by segment
Simply Good Foods · $231M total across 2 segments · Q1 2021
- Atkins$135M—58.6%
- Quest$95.8M—41.4%
Forward guidance
The Company anticipates net sales to increase slightly greater than the 4-6% long-term algorithm and Adjusted EBITDA to increase in line with the net sales growth rate in fiscal 2023.
Tailwinds
- Net sales are expected to increase slightly greater than the 4-6% long-term algorithm.
- Cost savings initiatives are in place to mostly mitigate projected higher supply chain costs.
- Significant marketing and organizational investments are expected to continue resulting in consumer base growth.
- Distribution and market share gains are anticipated.
- Adjusted EBITDA is expected to increase in line with the net sales growth rate.
Headwinds
- Net sales outlook includes a headwind of almost 1 percentage point related to the licensing of the Quest frozen pizza business.
- Gross margin is expected to decline versus last year, although at a lower rate than fiscal 2022.
- Most of the gross margin decline will occur in the fiscal first quarter of 2023 due to prior year comparison.
- Supply chain costs are expected to be higher.
- Higher interest expense is expected from an increase in the variable interest rate related to its term loan debt.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2022
+0.5%
Avg return
Earnings day
-0.3%
Avg return
5 days after
+1.6%
Avg return
30 days after
51%
18 / 35 earnings
Positive
+16.8%
Q4 2022
Best reaction
-17.5%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | — | — | — | |
| Q2 2026 | -0.3% | -21.0% | -14.9% | |
| Q1 2026 | +6.7% | +9.8% | -10.5% | |
| Q4 2025 | -17.5% | -20.8% | -19.2% | |
| Q3 2025 | -2.9% | -3.9% | -14.7% | |
| Q2 2025 | +9.2% | +13.2% | +7.9% | |
| Q1 2025 | -6.5% | -6.2% | +0.3% | |
| Q4 2024 | +3.8% | +4.7% | +21.0% | |
| Q3 2024 | -0.1% | -1.0% | -6.6% | |
| Q2 2024 | -1.2% | +0.6% | +14.6% | |
| Q1 2024 | +3.8% | +4.4% | -4.3% | |
| Q4 2023 | +11.3% | +11.6% | +21.7% | |
| Q3 2023 | +5.8% | +6.0% | +10.1% | |
| Q2 2023 | -5.9% | -4.5% | -2.2% | |
| Q1 2023 | -7.2% | -5.4% | -5.6% | |
| Q4 2022 | +16.8% | +15.8% | +17.8% | |
| Q3 2022 | -5.8% | -8.9% | -20.8% | |
| Q2 2022 | +10.1% | +6.3% | -0.2% | |
| Q1 2022 | -8.0% | -11.1% | -16.1% | |
| Q4 2021 | +13.1% | +13.3% | +13.7% | |
| Q3 2021 | +2.7% | +1.5% | +2.7% | |
| Q2 2021 | +1.9% | +4.6% | +12.0% | |
| Q1 2021 | -1.2% | -3.3% | -6.0% | |
| Q4 2020 | -4.3% | -11.1% | +6.2% | |
| Q3 2020 | +0.6% | +2.0% | +15.1% | |
| Q2 2020 | -9.3% | -15.9% | -3.1% | |
| Q1 2020 | -13.7% | -12.4% | -16.9% | |
| Q4 2019 | +1.7% | +1.5% | +17.0% | |
| Q3 2019 | +7.2% | +11.5% | +7.3% | |
| Q2 2019 | +3.8% | +1.5% | +2.1% | |
| Q1 2019 | +1.0% | +0.1% | +2.5% | |
| Q4 2018 | -8.7% | -11.0% | +1.2% | |
| Q3 2018 | +12.5% | +13.7% | +14.5% | |
| Q2 2018 | -0.2% | +1.2% | +6.5% | |
| Q1 2018 | +0.2% | +4.5% | +7.4% | |
| Q4 2017 | -0.3% | -0.3% | -6.0% | |
| Q3 2017 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro