SMPL - Simply Good Foods EPS beats by $0.15 beats on revenue; raises FY2021 outlook above consensus

Simply Good Foods (SMPL): Q3 Non-GAAP EPS of $0.43 beats by $0.15; GAAP EPS of $0.06 misses by $0.17.Revenue of $284M (+32.0% Y/Y) beats by $38.91M.FY 2021 outlook: Net Sales expected to be in the $995-1,005 million range vs. consensus of $946.64M, greater than the previous estimate of $930-940 million; Adjusted EBITDA expected to be in the $200-205 million range, greater than the previous estimate of $180-185 million.The Company anticipates 2021 Adjusted Diluted EPS to be in the range of $1.20 to $1.25 vs. consensus of $1.03, vs. $0.91 in 2020.Press Release

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Simply Good Foods EPS beats by $0.15, beats on revenue; raises FY2021 outlook above consensus