Shares of Simply Good Foods (SMPL) jumped Wednesday as the nutritional foods and snacking products provider topped fiscal second-quarter estimates and affirmed its full-year outlook despite tariffs uncertainty.
The Denver-based company, which owns the Atkins and OWYN brands, reported adjusted earnings per share (EPS) of $0.46 on revenue that rose 15% year-over-year to $359.7 million. Analysts polled by Visible Alpha were expecting $0.39 and $354.2 million, respectively.
“I am very pleased with our second quarter and first half results,” CEO Geoff Tanner said. “We are executing well, adding new doors, winning with innovation, and driving brand awareness and household penetration of our brands.”
Simply Good Foods affirmed its fiscal 2025 outlook of net sales rising 8.5% to 10.5% and adjusted EBITDA increasing 4% to 6%, although that “assumes current economic conditions and consumer purchasing behavior remain generally consistent” for the remainder of the fiscal year, it said.
Shares of Simply Good Foods, which entered Wednesday trading down 15% year-to-date, rose more than 9% soon after the opening bell.
:max_bytes(150000):strip_icc()/GettyImages-1032321914-4986ea4442d04b3384e5588aaa7040de.jpg?w=1200&resize=1200,0&ssl=1&description=Atkins+Parent+Simply+Good+Foods%E2%80%99+Stock+Surges+on+Strong+Results%2C+Outlook){kind=link}