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Simply Good Foods First Quarter 2024 Earnings: In Line With Expectations

Simply Good Foods (NASDAQ:SMPL) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$308.7m (up 2.6% from 1Q 2023).

  • Net income: US$35.6m (flat on 1Q 2023).

  • Profit margin: 12% (in line with 1Q 2023).

  • EPS: US$0.36 (down from US$0.36 in 1Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Simply Good Foods Earnings Insights

Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Food industry in the US.

Performance of the American Food industry.

The company's shares are up 3.8% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Simply Good Foods' balance sheet and an in-depth analysis of the company's financial position.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.