Simply Good Foods Files 2024 10-K

TL;DR

Simply Good Foods 2024 10-K is in: $600M assets, $102.5M liabilities, $100M long-term debt.

AI Summary

Simply Good Foods Co. filed its 10-K for the fiscal year ending August 31, 2024, reporting total assets of $600,000,000 and total liabilities of $102,515,315. The company's long-term debt currently stands at $100,000,000. The filing details their financial position and operational performance for the period.

Why It Matters

This annual report provides investors and stakeholders with a comprehensive overview of Simply Good Foods Co.'s financial health and business operations for the fiscal year 2024.

Risk Assessment

Risk Level: low — The filing is a standard annual report (10-K) and does not contain immediate red flags or significant negative disclosures.

Key Numbers

• $600.0B — Total Assets (Represents the total value of assets owned by the company as of August 31, 2024.)
• $102.5B — Total Liabilities (Indicates the total amount of debt and other obligations the company owes as of August 31, 2024.)
• $100.0B — Long-Term Debt (Current) (Shows the portion of long-term debt that is due within one year as of August 31, 2024.)

Key Players & Entities

• Simply Good Foods Co (company) — Filer of the 10-K
• 20240831 (date) — Fiscal year end date
• $600,000,000 (dollar_amount) — Total assets
• $102,515,315 (dollar_amount) — Total liabilities
• $100,000,000 (dollar_amount) — Long-term debt (current)

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share SMPL Nasdaq Securities regi

Filing Documents

• atk-20240831.htm (10-K) — 1822KB
• exhibit42-10k2024.htm (EX-4.2) — 15KB
• exhibit191-10k2024.htm (EX-19.1) — 79KB
• exhibit211-10k2024.htm (EX-21.1) — 11KB
• exhibit231-10k2024.htm (EX-23.1) — 2KB
• exhibit311-10k2024.htm (EX-31.1) — 11KB
• exhibit312-10k2024.htm (EX-31.2) — 11KB
• exhibit321-10k2024.htm (EX-32.1) — 9KB
• exhibit971-10k2024.htm (EX-97.1) — 25KB
• atk-20240831_g1.jpg (GRAPHIC) — 263KB
• atk-20240831_g2.jpg (GRAPHIC) — 132KB
• sgflogo_primary1.jpg (GRAPHIC) — 263KB
• 0001702744-24-000089.txt ( ) — 11715KB
• atk-20240831.xsd (EX-101.SCH) — 51KB
• atk-20240831_cal.xml (EX-101.CAL) — 119KB
• atk-20240831_def.xml (EX-101.DEF) — 445KB
• atk-20240831_lab.xml (EX-101.LAB) — 938KB
• atk-20240831_pre.xml (EX-101.PRE) — 691KB
• atk-20240831_htm.xml (XML) — 1479KB

Business

Business 6 Item 1A

Risk Factors

Risk Factors 17 Item 1B Unresolved Staff Comments 33 Item 1C Cybersecurity 33 Item 2

Properties

Properties 34 Item 3

Legal Proceedings

Legal Proceedings 34 Item 4 Mine Safety Disclosures 34 PART II Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 35 Item 6 Reserved 36 Item 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 37 Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 48 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 49 Item 9 Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 81 Item 9A

Controls and Procedures

Controls and Procedures 81 Item 9B Other Information 83 Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 83 PART III Item 10 Directors, Executive Officers and Corporate Governance 84 Item 11

Executive Compensation

Executive Compensation 84 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 84 Item 13 Certain Relationships and Related Transactions, and Director Independence 84 Item 14 Principal Accountant Fees and Services 84 PART IV Item 15 Exhibits and Financial Statement Schedules 85 Item 16 Form 10-K Summary 87

SIGNATURES

SIGNATURES 2 Cautionary Note Regarding Forward Looking Statements This Form 10-K (this "Report") contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). When used anywhere in this Report, the words "expect," "believe," "anticipate," "estimate," "intend," "plan" and similar expressions are intended to identify forward-looking statements. These statements relate to future events or our future financial or operational performance and involve known and unknown risks, uncertainties and other factors that could cause our actual results, levels of activity, performance or achievement to differ materially from those expressed or implied by these forward-looking statements. We caution you that these forward-looking statements reflect our current views with respect to future events, are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. You should not place undue reliance on forward-looking statements. These statements reflect our current views with respect to future events, are based on assumptions and are subject to risks and uncertainties. These risks and uncertainties relate to, among other things, our ability to achieve our estimates of OWYN's net sales and Adjusted EBITDA and our anticipated synergies from the OWYN Acquisition, our net leverage ratio post-acquisition, our Adjusted EPS post-acquisition, our ability to maintain OWYN personnel and effectively integrate OWYN, our operations being dependent on changes in consumer preferences and purchasing habits regarding our products, a global supply chain and effects of supply chain constraints and inflationary pressure on us and our contract manufacturers, our ability to continue to operate at a profit or to maintain our margins, the effect pandemics or other global disruptions on our business, financial condition and results of operations, the sufficiency of our s

Business

Item 1. Business. Overview The Simply Good Foods Company is a consumer packaged food and beverage company that aims to lead the nutritious snacking movement with trusted brands that offer a variety of convenient, innovative, great-tasting, better-for-you snacks and meal replacements, and other product offerings. The product portfolio we develop, market and sell consists primarily of protein bars, ready-to-drink ("RTD") shakes, sweet and salty snacks and confectionery products marketed under the Quest, Atkins, and OWYN brand names. Simply Good Foods is poised to expand its wellness platform through innovation and organic growth along with acquisition opportunities in the nutritional snacking space. Our nutritious snacking platform consists of brands that specialize in providing products for consumers that follow certain nutritional philosophies and health-and-wellness trends: Quest for consumers seeking a variety of protein-rich foods and beverages that also limit sugars and simple carbohydrates, Atkins for those following a low-carbohydrate lifestyle or seeking to manage weight or blood sugar levels, and OWYN for consumers seeking protein-rich beverages that are plant-based and tested for the top nine allergens that also limit sugars and simple carbohydrates. We distribute our products in major retail channels, primarily in North America, including grocery, club, and mass merchandise, as well as through e-commerce, convenience, specialty, and other channels. Our portfolio of nutritious snacking brands gives us a strong platform with which to introduce new products, expand distribution, and attract new consumers to our products. We believe snacking occasions have been on the rise in recent years as consumers continue to desire more convenient, healthy and delicious foods, snacks, and meal replacements. We believe our emphasis on product formats such as our protein bars, cookies, chips and salty snacks, confections, RTD shakes, and protein powders positions us

View Full Filing

View this 10-K filing on SEC EDGAR