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"Simply Good Foods Reports 10.6% Revenue Growth In Q1, CEO Highlights Rise In Popularity Of Nutritional Snacking"
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"The Simply Good Foods Company reported its first quarter earnings, with adjusted earnings per share of 49 cents, beating the street view of 47 cents. However, quarterly revenues of $341.268 million missed the analyst consensus estimate of $347.367 million. The company's CEO, Geoff Tanner, attributed the growth to the increasing popularity of nutritional snacking products, high protein, low-sugar, and low-carb foods. The company's gross profit was $130.5 million, an increase of $15.4 million year over year, driven by favorable legacy input costs and the inclusion of OWYN. The company reaffirmed its outlook for fiscal year 2025, expecting net sales to grow by 8.5% to 10.5% and adjusted EBITDA to rise by 4% to 6%."
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