What's Going On With Simply Good Foods Shares After Q3 Results?
Portfolio Pulse from Nabaparna Bhattacharya
The Simply Good Foods Company (NASDAQ: SMPL) reported its fiscal Q3 2024 results, beating EPS estimates but missing revenue expectations. The company saw a rise in North American sales and gross profit, but international sales declined. The company also provided an optimistic outlook for FY24.
June 27, 2024 | 1:57 pm
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Simply Good Foods reported Q3 2024 EPS of $0.50, beating estimates, but missed revenue expectations. North American sales increased, while international sales declined. The company provided a positive outlook for FY24.
The mixed results, with EPS beating but revenue missing expectations, along with a positive outlook, create a neutral short-term impact. The stock is trading slightly lower, reflecting the market's mixed reaction.
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