The Simply Good Foods Company Reaffirms FY23 Outlook, Expects Gross margin To Decline Vs. Last year
Portfolio Pulse from Benzinga Newsdesk
The Simply Good Foods Company (SMPL) has reaffirmed its FY23 outlook, expecting a slight increase in net sales, greater than the 4%-6% long-term algorithm. However, the company anticipates a decline in gross margin compared to the previous year.
June 29, 2023 | 11:06 am
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The Simply Good Foods Company expects a slight increase in net sales but a decline in gross margin for FY23. This could potentially impact the company's profitability.
The company's expectation of a slight increase in net sales is a positive sign. However, the anticipated decline in gross margin could potentially impact the company's profitability, which might affect the stock price. The impact is neutral as the positive and negative factors could balance each other out.
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IMPORTANCE 75
RELEVANCE 100