NASDAQ$SMPL
The Simply Good Foods Company · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported fiscal fourth quarter and full fiscal year 2023 financial results and provided full fiscal year 2024 outlook.
Simply Good Foods reported a strong fourth quarter with net sales increasing by 16.9% to $320.4 million, net income increasing to $36.6 million, and adjusted diluted EPS increasing to $0.45. The company's performance was driven by volume and pricing improvements, as well as gross margin expansion due to lower ingredient and packaging costs.
- Net sales increased by 16.9% to $320.4 million.
- Net income increased to $36.6 million, compared to $30.1 million for the comparable period of fiscal 2022.
- Earnings per diluted share increased to $0.36, compared to $0.30 in the year ago period.
- Adjusted EBITDA increased to $67.3 million, versus $51.0 million in the year ago period.
Headline financials
Revenue & EPS history
Simply Good Foods · Revenue · Quarterly
$320M
Revenue by segment
Simply Good Foods · $231M total across 2 segments · Q1 2021
- Atkins$135M—58.6%
- Quest$95.8M—41.4%
Forward guidance
Simply Good Foods expects net sales to increase at the high end of its long-term algorithm of 4-6%, including the benefit of a fifty-third week. Adjusted EBITDA is anticipated to increase slightly greater than the net sales growth rate.
Tailwinds
- Net sales expected to increase at the high end of the Company's long-term algorithm of 4-6%, including the benefit of a fifty-third week.
- Adjusted EBITDA anticipated to increase slightly greater than the net sales growth rate.
- Sales growth to be driven by volume.
- Strong advertising and marketing plans in place.
- Innovation, merchandising and promotions that should drive solid, overall, financial and marketplace results.
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 2023
+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 | — | — | — |
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