Simply Good Foods Q3 2024 Financial Update

TL;DR

Simply Good Foods has $102.5M assets vs $101.9M liabilities as of 5/25/24. Tight.

AI Summary

The Simply Good Foods Company filed a 10-Q for the period ending May 25, 2024. The company reported total assets of $102,500,950 and total liabilities of $101,929,868. Retained earnings as of May 25, 2024, were $2,365,100.

Why It Matters

This filing provides a snapshot of Simply Good Foods' financial health, indicating a narrow margin between assets and liabilities, which could impact its operational flexibility.

Risk Assessment

Risk Level: medium — The company's liabilities are very close to its assets, suggesting a potentially tight financial position.

Key Numbers

• $102.5B — Total Assets (As of May 25, 2024)
• $101.9B — Total Liabilities (As of May 25, 2024)
• $2.37B — Retained Earnings (As of May 25, 2024)

Key Players & Entities

• Simply Good Foods Co (company) — Filer of the 10-Q
• 2024-05-25 (date) — End of reporting period
• $102,500,950 (dollar_amount) — Total assets
• $101,929,868 (dollar_amount) — Total liabilities
• $2,365,100 (dollar_amount) — Retained earnings

FAQ

Key Financial Figures

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

Filing Documents

• atk-20240525.htm (10-Q) — 1138KB
• exhibit311-q324.htm (EX-31.1) — 12KB
• exhibit312-q324.htm (EX-31.2) — 12KB
• exhibit321-q324.htm (EX-32.1) — 10KB
• atk-20240525_g1.jpg (GRAPHIC) — 263KB
• 0001702744-24-000045.txt ( ) — 6679KB
• atk-20240525.xsd (EX-101.SCH) — 34KB
• atk-20240525_cal.xml (EX-101.CAL) — 73KB
• atk-20240525_def.xml (EX-101.DEF) — 217KB
• atk-20240525_lab.xml (EX-101.LAB) — 503KB
• atk-20240525_pre.xml (EX-101.PRE) — 397KB
• atk-20240525_htm.xml (XML) — 907KB

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 9 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 19 Item 3 .

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 29 Item 4 .

Controls and Procedures

Controls and Procedures 29

Other Information

PART II. Other Information Item 1 .

Legal Proceedings

Legal Proceedings 30 Item 1A .

Risk Factors

Risk Factors 30 Item 2 . Unregistered Sales of Equity Securities and Use of Proceeds 31 Item 3 . Defaults Upon Senior Securities 31 Item 4 . Mine Safety Disclosures 31 Item 5 . Other Information 31 Item 6 . Exhibits 32

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) May 25, 2024 August 26, 2023 Assets Current assets: Cash $ 208,681 $ 87,715 Accounts receivable, net 146,281 145,078 Inventories 105,921 116,591 Prepaid expenses 8,645 6,294 Other current assets 11,823 15,974 Total current assets 481,351 371,652 Long-term assets: Property and equipment, net 22,037 24,861 Intangible assets, net 1,096,538 1,108,119 Goodwill 543,134 543,134 Other long-term assets 42,570 49,318 Total assets $ 2,185,630 $ 2,097,084 Liabilities and stockholders' equity Current liabilities: Accounts payable $ 56,504 $ 52,712 Accrued interest 1,372 1,940 Accrued expenses and other current liabilities 34,823 35,062 Current maturities of long-term debt 2 143 Total current liabilities 92,701 89,857 Long-term liabilities: Long-term debt, less current maturities 237,661 281,649 Deferred income taxes 128,549 116,133 Other long-term liabilities 33,407 38,346 Total liabilities 492,318 525,985 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, 102,500,950 and 101,929,868 shares issued at May 25, 2024 and August 26, 2023, respectively 1,025 1,019 Treasury stock, 2,365,100 shares and 2,365,100 shares at cost at May 25, 2024 and August 26, 2023, respectively ( 78,451 ) ( 78,451 ) Additional paid-in-capital 1,315,005 1,303,168 Retained earnings 457,974 347,956 Accumulated other comprehensive loss ( 2,241 ) ( 2,593 ) Total stockholders' equity 1,693,312 1,571,099 Total liabilities and stockholders' equity $ 2,185,630 $ 2,097,084 See accompanying notes to the unaudited consolidated financial statements. 3 Table of Contents The Simply Good Foods Company and Subsi

View Full Filing

View this 10-Q filing on SEC EDGAR