The Simply Good Foods Company Q2 Profit Increases, Beats Estimates

(RTTNews) - The Simply Good Foods Company (SMPL) reported earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $36.747 million, or $0.36 per share. This compares with $33.123 million, or $0.33 per share, last year.

Excluding items, The Simply Good Foods Company reported adjusted earnings of $0.46 per share for the period.

Analysts on average had expected the company to earn $0.4 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 15.2% to $359.655 million from $312.199 million last year.

The Simply Good Foods Company earnings at a glance (GAAP) :

-Earnings: $36.747 Mln. vs. $33.123 Mln. last year. -EPS: $0.36 vs. $0.33 last year. -Revenue: $359.655 Mln vs. $312.199 Mln last year.

Looking ahead, for the full year, the company has reaffirmed its outlook.

Simply Good Foods still expects annual sales to rise 8.5 to 10.5 percent. The company continues to anticipate annual adjusted EBITDA to increase 4 to 6 percent.

SMPL was trading up by 3.04 percent at $34.20 in the pre-market trade on Nasdaq.