Simply Good Foods Co. Files 10-Q for Period Ending November 25, 2023

TL;DR

<b>Simply Good Foods Co. filed its Q1 2024 10-Q report on January 4, 2024, detailing financial performance for the period ending November 25, 2023.</b>

AI Summary

Simply Good Foods Co (SMPL) filed a Quarterly Report (10-Q) with the SEC on January 4, 2024. The Simply Good Foods Company filed a 10-Q report for the period ending November 25, 2023. The company's fiscal year ends on August 26th. The filing date was January 4, 2024. The report covers the first quarter of the fiscal year 2024. The company's business address is 1225 17th Street, Suite 1000, Denver, CO 80202.

Why It Matters

For investors and stakeholders tracking Simply Good Foods Co, this filing contains several important signals. This filing provides investors with the latest financial performance data for Simply Good Foods Co., crucial for assessing the company's health and growth trajectory. Understanding the details within this 10-Q allows for informed investment decisions regarding The Simply Good Foods Company's stock (SMPL).

Risk Assessment

Risk Level: low — Simply Good Foods Co shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain any immediately apparent red flags or significant negative developments.

Analyst Insight

Monitor future filings for revenue growth, net income trends, and any changes in debt levels to assess the company's financial performance.

Key Numbers

• 2023-11-25 — Period End Date (Conformed Period of Report)
• 2024-01-04 — Filing Date (Filed as of Date)
• 0001702744 — Central Index Key (Filer's Central Index Key)
• 821038121 — IRS Number (Filer's IRS Number)

Key Players & Entities

• Simply Good Foods Co (company) — Filer name
• 0001702744 (company) — Central Index Key
• 2023-11-25 (date) — Period of report
• 2024-01-04 (date) — Filed as of date
• 1225 17TH STREET SUITE 1000 DENVER CO 80202 (address) — Business address
• 303-633-2840 (phone) — Business phone
• SMPL (ticker) — Ticker symbol

Forward-Looking Statements

• The slight increase in outstanding shares will have a negligible impact on EPS for the next quarter. (Simply Good Foods Co) — high confidence, target: 2024-02-29

FAQ

Industry Context

The Simply Good Foods Company operates in the food and kindred products industry, focusing on healthy snack options.

Regulatory Implications

The company is subject to standard SEC reporting requirements for public companies, including the filing of quarterly reports (10-Q).

What Investors Should Do

1. Review the full 10-Q document for detailed financial statements and management discussion.
2. Analyze revenue trends and profitability metrics in subsequent filings.
3. Compare key financial ratios against industry benchmarks.

Key Dates

• 2023-11-25: Period End Date — End of the reporting period for the 10-Q filing.
• 2024-01-04: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial filing analyzed, so no comparison to a previous filing is available.

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share SMPL Nasdaq Indicate by che

Filing Documents

• atk-20231125.htm (10-Q) — 852KB
• exhibit311-q124.htm (EX-31.1) — 12KB
• exhibit312-q124.htm (EX-31.2) — 12KB
• exhibit321-q124.htm (EX-32.1) — 10KB
• atk-20231125_g1.jpg (GRAPHIC) — 109KB
• 0001702744-24-000005.txt (&nbsp;) — 5868KB
• atk-20231125.xsd (EX-101.SCH) — 33KB
• atk-20231125_cal.xml (EX-101.CAL) — 72KB
• atk-20231125_def.xml (EX-101.DEF) — 215KB
• atk-20231125_lab.xml (EX-101.LAB) — 544KB
• atk-20231125_pre.xml (EX-101.PRE) — 392KB
• atk-20231125_htm.xml (XML) — 790KB

Financial Information

PART I. Financial Information Item 1 .

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Consolidated Balance Sheets 3 Consolidated Statements of Operations and Comprehensive Income 4 Consolidated Statements of Cash Flows 5 Consolidated Statements of Stockholders' Equity 7 Notes to Unaudited Consolidated Financial Statements 8 Item 2 .

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 3 .

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 26 Item 4 .

Controls and Procedures

Controls and Procedures 26

Other Information

PART II. Other Information Item 1 .

Legal Proceedings

Legal Proceedings 27 Item 1A .

Risk Factors

Risk Factors 27 Item 2 . Unregistered Sales of Equity Securities and Use of Proceeds 27 Item 3 . Defaults Upon Senior Securities 27 Item 4 . Mine Safety Disclosures 27 Item 5 . Other Information 27 Item 6 . Exhibits 28

Financial Information

PART I. Financial Information

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) The Simply Good Foods Company and Subsidiaries Consolidated Balance Sheets (Unaudited, dollars in thousands, except share and per share data) November 25, 2023 August 26, 2023 Assets Current assets: Cash $ 121,391 $ 87,715 Accounts receivable, net 135,561 145,078 Inventories 123,175 116,591 Prepaid expenses 6,076 6,294 Other current assets 10,336 15,974 Total current assets 396,539 371,652 Long-term assets: Property and equipment, net 23,830 24,861 Intangible assets, net 1,104,318 1,108,119 Goodwill 543,134 543,134 Other long-term assets 47,238 49,318 Total assets $ 2,115,059 $ 2,097,084 Liabilities and stockholders' equity Current liabilities: Accounts payable $ 43,249 $ 52,712 Accrued interest 1,574 1,940 Accrued expenses and other current liabilities 34,083 35,062 Current maturities of long-term debt 83 143 Total current liabilities 78,989 89,857 Long-term liabilities: Long-term debt, less current maturities 272,032 281,649 Deferred income taxes 120,200 116,133 Other long-term liabilities 36,660 38,346 Total liabilities 507,881 525,985 See commitments and contingencies (Note 9) Stockholders' equity: Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued — — Common stock, $0.01 par value, 600,000,000 shares authorized, 102,175,233 and 101,929,868 shares issued at November 25, 2023 and August 26, 2023, respectively 1,022 1,019 Treasury stock, 2,365,100 shares and 2,365,100 shares at cost at November 25, 2023 and August 26, 2023, respectively ( 78,451 ) ( 78,451 ) Additional paid-in-capital 1,303,411 1,303,168 Retained earnings 383,517 347,956 Accumulated other comprehensive loss ( 2,321 ) ( 2,593 ) Total stockholders' equity 1,607,178 1,571,099 Total liabilities and stockholders' equity $ 2,115,059 $ 2,097,084 See accompanying notes to the unaudited consolidated financial statements. 3 Table of Contents The Simply Good Foods C

View Full Filing

View this 10-Q filing on SEC EDGAR