Simply Good Foods Co. Files 10-Q for Period Ending Feb 24, 2024

TL;DR

<b>Simply Good Foods Co. filed its 10-Q report for the period ending February 24, 2024, detailing financial positions including total assets of $102.4 million and retained earnings of $101.9 million.</b>

AI Summary

Simply Good Foods Co (SMPL) filed a Quarterly Report (10-Q) with the SEC on April 4, 2024. Total assets reported at $102,353,618 for the period ending February 24, 2024. Retained earnings stood at $101,929,868 as of February 24, 2024. Common stock value was $2,365,100 as of February 24, 2024. The company's fiscal year ends on August 26th. Filing date was April 4, 2024.

Why It Matters

For investors and stakeholders tracking Simply Good Foods Co, this filing contains several important signals. This filing provides a snapshot of the company's financial health and asset base as of late February 2024, crucial for investors assessing current value. Understanding the retained earnings and common stock values offers insight into the company's accumulated profits and equity structure.

Risk Assessment

Risk Level: low — Simply Good Foods Co shows low risk based on this filing. The filing is a routine 10-Q, providing standard financial disclosures without immediate significant positive or negative indicators.

Analyst Insight

Monitor future filings for revenue growth and profitability trends to assess the company's performance trajectory.

Key Numbers

• 102,353,618 — Total Assets (As of February 24, 2024)
• 101,929,868 — Retained Earnings (As of February 24, 2024)
• 2,365,100 — Common Stock (As of February 24, 2024)
• 0826 — Fiscal Year End (Annual)

Key Players & Entities

• Simply Good Foods Co (company) — Filer
• 2024-02-24 (date) — Period of report
• 2024-04-04 (date) — Filed as of date
• 0001702744 (company) — Central Index Key
• 2000 (industry) — Standard Industrial Classification
• 821038121 (company) — IRS Number
• 0826 (date) — Fiscal year end
• 10-Q (form) — Form type

FAQ

Industry Context

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

Regulatory Implications

This is a standard 10-Q filing under the Securities Exchange Act of 1934, requiring regular disclosure of financial information.

What Investors Should Do

1. Analyze the full 10-Q for detailed financial statements and management discussion.
2. Compare current asset and equity figures with previous periods to identify trends.
3. Research industry benchmarks for companies in the healthy snack sector.

Key Dates

• 2024-02-24: End of Reporting Period — Financial data as of this date
• 2024-04-04: Filing Date — Date the 10-Q was officially submitted
• 2024-08-26: Fiscal Year End — Marks the end of the company's fiscal year

Year-Over-Year Comparison

This 10-Q filing provides updated financial figures for the period ending February 24, 2024, compared to previous reporting periods.

Key Financial Figures

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

Filing Documents

• atk-20240224.htm (10-Q) — 1031KB
• exhibit311-q224.htm (EX-31.1) — 12KB
• exhibit312-q224.htm (EX-31.2) — 12KB
• exhibit321-q224.htm (EX-32.1) — 10KB
• atk-20240224_g1.jpg (GRAPHIC) — 263KB
• 0001702744-24-000022.txt (&nbsp;) — 6498KB
• atk-20240224.xsd (EX-101.SCH) — 33KB
• atk-20240224_cal.xml (EX-101.CAL) — 72KB
• atk-20240224_def.xml (EX-101.DEF) — 215KB
• atk-20240224_lab.xml (EX-101.LAB) — 499KB
• atk-20240224_pre.xml (EX-101.PRE) — 392KB
• atk-20240224_htm.xml (XML) — 878KB

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 28 Item 4 .

Controls and Procedures

Controls and Procedures 28

Other Information

PART II. Other Information Item 1 .

Legal Proceedings

Legal Proceedings 29 Item 1A .

Risk Factors

Risk Factors 29 Item 2 . Unregistered Sales of Equity Securities and Use of Proceeds 29 Item 3 . Defaults Upon Senior Securities 29 Item 4 . Mine Safety Disclosures 29 Item 5 . Other Information 29 Item 6 . Exhibits 30

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) February 24, 2024 August 26, 2023 Assets Current assets: Cash $ 135,876 $ 87,715 Accounts receivable, net 147,513 145,078 Inventories 115,785 116,591 Prepaid expenses 11,775 6,294 Other current assets 24,893 15,974 Total current assets 435,842 371,652 Long-term assets: Property and equipment, net 22,701 24,861 Intangible assets, net 1,100,611 1,108,119 Goodwill 543,134 543,134 Other long-term assets 45,278 49,318 Total assets $ 2,147,566 $ 2,097,084 Liabilities and stockholders' equity Current liabilities: Accounts payable $ 55,601 $ 52,712 Accrued interest 1,376 1,940 Accrued expenses and other current liabilities 46,660 35,062 Current maturities of long-term debt 24 143 Total current liabilities 103,661 89,857 Long-term liabilities: Long-term debt, less current maturities 237,641 281,649 Deferred income taxes 123,855 116,133 Other long-term liabilities 34,927 38,346 Total liabilities 500,084 525,985 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, 102,353,618 and 101,929,868 shares issued at February 24, 2024 and August 26, 2023, respectively 1,024 1,019 Treasury stock, 2,365,100 shares and 2,365,100 shares at cost at February 24, 2024 and August 26, 2023, respectively ( 78,451 ) ( 78,451 ) Additional paid-in-capital 1,310,605 1,303,168 Retained earnings 416,640 347,956 Accumulated other comprehensive loss ( 2,336 ) ( 2,593 ) Total stockholders' equity 1,647,482 1,571,099 Total liabilities and stockholders' equity $ 2,147,566 $ 2,097,084 See accompanying notes to the unaudited consolidated financial statements. 3 Table of Contents The Simply Good Foods

View Full Filing

View this 10-Q filing on SEC EDGAR