Snapshot
Simply Good Foods Co reported $340M of revenue in Q1 2026, up -0.3% year over year, with diluted EPS of $0.26 and an operating margin of 11.0%.
- Revenue
- $340M
- YoY growth
- +-0.3%
- Diluted EPS
- $0.26
- Operating margin
- 11.0%
$340M
Revenue
+-0.3%
YoY growth
$0.26
Diluted EPS
11.0%
Operating margin
01 Key takeaways
What management said
- •Today, Geoff Tanner, President and CEO, and Chris Beeler, CFO, will provide you with an overview of our results, which were provided in our earnings release issued earlier this morning.
- •Due to the company's asset-light business model, we evaluate our performance on an adjusted basis as it relates to EBITDA and diluted EPS.
- •As a result, we are reaffirming our full-year outlook for net sales and Adjusted EBITDA.
- •Consumption in Q1 grew 2%, led by double-digit growth from Quest and OWYN, which combined to generate 71% of our net sales.
- •Growth was also supported by another robust quarter for the nutritional snacking category, which grew 10%.
- •We are executing well on initiatives to drive the top line and to rebuild our gross margin.
- •Specifically, with respect to our margin, recent pricing actions are now reflected on shelf, with elasticities to date in line with our expectations, albeit data remains limited.
- •Our robust productivity program, which we started 18 months ago, is delivering results, taking costs out of the system and ensuring we have a multi-year pipeline of initiatives for the future.
- •However, we remain confident that our top and bottom-line performance will improve once we get beyond Q2, and as mentioned, we are reaffirming our full-year outlook.
- •The growth is being propelled by the mainstreaming of consumer demand for high protein, low sugar, and low carb products.
- •Turning to our brand, Quest had another solid quarter, delivering 12% consumption growth and nearly 10% growth in net sales.
- •Household penetration reached nearly 20% this quarter, up 200 basis points year-over-year, and up 50 basis points versus last quarter, a continuation of sequential momentum observed for some time.
SourcesCompany financials · earnings call
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