Reported Q: Q4 2024 Rev YoY: +17.3% EPS YoY: -21.6% Move: -4.96%
The Simply Good Foods
SMPL
$16.47 -4.96%
Exchange NASDAQ Sector Consumer Defensive Industry Packaged Foods
Q4 2024
Published: Oct 29, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for SMPL

Reported

Report Date

Oct 29, 2024

Quarter Q4 2024

Revenue

375.69M

YoY: +17.3%

EPS

0.29

YoY: -21.6%

Market Move

-4.96%

Previous quarter: Q3 2024

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Earnings Highlights

  • Revenue of $375.69M up 17.3% year-over-year
  • EPS of $0.29 decreased by 21.6% from previous year
  • Gross margin of 37.7%
  • Net income of 29.29M
  • "The acquisition of OWYN was completed on June 13, 2024. Therefore, the company's fourth quarter and full year 2024 results include about 11 weeks of OWYN performance." - Geoff Tanner
SMPL
Company SMPL

Executive Summary

The Simply Good Foods Company delivered a strong Q4 2024, underpinned by OWYN integration and the favorable timing of a 53rd week. Reported net sales of $375.7 million rose 17.2% year over year, with OWYN contributing roughly 9 percentage points and the 53rd week contributing about 8 percentage points to the quarterly growth. On a like-for-like basis (excluding OWYN and the extra week), legacy North America Quest grew around 5% while Atkins declined about 5%, reflecting ongoing brand revitalization and ROI-driven spending discipline. Adjusted EBITDA rose 15% to $77.5 million, supported by a gross margin expansion to 38.8% and continued cost discipline. Full-year 2024 net sales reached $1.33 billion (+7.1% YoY) with gross margin of 38.4% and Adjusted EBITDA of $269.1 million (+9.6%), while net income rose to $139.3 million.

Key Performance Indicators

Revenue
Increasing
375.69M
QoQ: 12.23% | YoY: 17.25%
Gross Profit
Increasing
141.75M
37.73% margin
QoQ: 9.47% | YoY: 17.68%
Operating Income
Decreasing
47.82M
QoQ: -22.21% | YoY: -14.22%
Net Income
Decreasing
29.29M
QoQ: -29.14% | YoY: -20.06%
EPS
Decreasing
0.29
QoQ: -29.27% | YoY: -21.62%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 359.66 0.36 +15.2% View
Q1 2025 341.27 0.38 +10.6% View
Q4 2024 375.69 0.29 +17.3% View
Q3 2024 334.76 0.41 +4.5% View
Q2 2024 312.20 0.33 -3.9% View