Yahoo Finance Simply Good Foods Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Simply Good Foods (NASDAQ:SMPL) Second Quarter 2024 Results
Key Financial Results
Revenue: US$312.2m (up 5.3% from 2Q 2023).
Net income: US$33.1m (up 29% from 2Q 2023).
Profit margin: 11% (up from 8.6% in 2Q 2023). The increase in margin was driven by higher revenue.
EPS: US$0.33 (up from US$0.26 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Simply Good Foods EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 5.8%.
Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Food industry in the US.
Performance of the American Food industry.
The company's shares are down 3.8% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Simply Good Foods' balance sheet and an in-depth analysis of the company's financial position.
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