Simply Good Foods reports Q2 EPS 15c, consensus 13c
Reports Q2 revenue $123.8M, consensus $121.88M. "Our strong second quarter and year-to-date results reflect the successful execution of our annual plan as well as our strategic initiatives," said Joseph Scalzo, president and CEO of Simply Good Foods. "We delivered double-digit sales, gross profit and adjusted EBITDA growth in both the second quarter and year-to-date periods. I'm particularly pleased that our U.S. retail takeaway, as measured by IRI for the thirteen week period ended February 23, 2019, continued to be strong and was up 22.1% versus the prior year. We continued to expand adjusted EBITDA margin while also making investments in marketing and organizational capabilities that we believe will benefit the company in the near and long term."