Simply Good Foods Co
For the period ended May 25, 2024. Filed Jun 27, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 25, 2024 · Filed Jun 27, 2024
SMPL$12.42-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Income
(Unaudited, dollars in thousands, except share and per share data)
| Thirteen Weeks Ended | Thirty-Nine Weeks Ended | |||
|---|---|---|---|---|
| May 25, 2024 | May 27, 2023 | May 25, 2024 | May 27, 2023 | |
| Net sales | $334,757 | $324,792 | $955,634 | $922,254 |
| Cost of goods sold | 201,131 | 205,546 | 590,020 | 589,284 |
| Gross profit | 133,626 | 119,246 | 365,614 | 332,970 |
| Operating expenses: | ||||
| Selling and marketing | 36,464 | 30,168 | 103,097 | 88,650 |
| General and administrative | 31,543 | 30,510 | 88,426 | 82,085 |
| Depreciation and amortization | 4,142 | 4,363 | 12,711 | 13,035 |
| Business transaction costs | 2,703 | — | 2,703 | — |
| Total operating expenses | 74,852 | 65,041 | 206,937 | 183,770 |
| Income from operations | 58,774 | 54,205 | 158,677 | 149,200 |
| Other income (expense): | ||||
| Interest income | 881 | 407 | 2,895 | 660 |
| Interest expense | (5,028) | (7,649) | (16,658) | (23,201) |
| (Loss) gain on foreign currency transactions | (12) | 180 | 191 | 74 |
| Other income | 102 | 4 | 108 | 10 |
| Total other expense | (4,057) | (7,058) | (13,464) | (22,457) |
| Income before income taxes | 54,717 | 47,147 | 145,213 | 126,743 |
| Income tax expense | 13,383 | 11,716 | 35,195 | 29,810 |
| Net income | $41,334 | $35,431 | $110,018 | $96,933 |
| Other comprehensive income: | ||||
| Foreign currency translation, net of reclassification adjustments | 95 | (262) | 352 | (431) |
| Comprehensive income | $41,429 | $35,169 | $110,370 | $96,502 |
| Earnings per share from net income: | ||||
| Basic | $0.41 | $0.36 | $1.10 | $0.98 |
| Diluted | $0.41 | $0.35 | $1.09 | $0.96 |
| Weighted average shares outstanding: | ||||
| Basic | 100,024,230 | 99,518,546 | 99,852,203 | 99,404,174 |
| Diluted | 101,270,163 | 100,909,972 | 101,240,471 | 100,847,970 |
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