Simply Good Foods: Mixed Earnings, Solid Sales

Simply Good Foods just revealed a mixed bag of quarterly results: a $12.4 million loss, translating to a 12-cent loss per share, but adjusted earnings of 46 cents still missed Wall Street's expectations. However, it's not all bad news! Revenue hit $369 million, exceeding estimates. Overall, the year ended with a $103.6 million profit and $1.45 billion in revenue. Will strong sales be enough to keep investors happy despite the earnings shortfall? Tune in to future earnings calls to find out!The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.