Simply Good Foods Company Q1 Profit Tops Estimates; Net Sales Up 2.6%

(RTTNews) - The Simply Good Foods Company (SMPL) reported first quarter net income of $35.6 million compared to $35.9 million, prior year. Earnings per share was $0.35 compared to $0.36. Adjusted EPS was $0.43 compared to $0.42. On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.42, for the quarter. Analysts' estimates typically exclude special items.

First quarter net sales increased 2.6%, to $308.7 million. Sales performance was driven by Quest volume growth which more than offset Atkins softness. Analysts on average had estimated $309.13 million in revenue.

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