The Simply Good Foods Company Up 6.57% To $34.70 After Earnings Meet

The Simply Good Foods Company (SMPL) said before open Tuesday that it earned $0.45 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $320.4 million, missing estimates by $352 thousand.

In the same quarter a year ago, the company earned $0.36 per share on revenue of $274.2 million.

The stock is up 6.57% to $34.70 after the report.

The Simply Good Foods Company's earnings expanded faster than revenues, signaling widening profit margins.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned The Simply Good Foods Company a Bearish Sentiment Rank from InvestorsObserver.

The Simply Good Foods Company has performed a little below average during the past few months. Before the report, The Simply Good Foods Company received a Long-Term Technical Rank by InvestorsObserver of 31, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $31.73 on October 12, 2023 and set a 52-week high on December 2, 2022 at $40.16.

Simply Good Foods provides low-carbohydrate high protein bars shakes and other products such as confections chips and cookies under the Atkins and Quest brands. The firm also licenses its brand to Bellisio Foods which produces frozen meals and pizza. Atkins products are modeled after the philosophy of Dr. Robert Atkins whose 1972 book Dr. Atkins Diet Revolution conferred the benefits of a high protein/low carbohydrate diet and is credited with launching the low-carb diet trend. Quest acquired in November 2019 also follows the high protein/low carbohydrate philosophy and targets active lifestyle consumers. Ninety-six percent of the firm sales occur within North America.