Packaged food company Simply Good Foods (NASDAQ:SMPL) will be reporting results tomorrow before market open. Here’s what investors should know.
Simply Good Foods missed analysts’ revenue expectations by 1.3% last quarter, reporting revenues of $312.2 million, up 5.3% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ gross margin estimates but a miss of analysts’ operating margin estimates.
Is Simply Good Foods a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Simply Good Foods’s revenue to grow 3.5% year on year to $336.2 million, in line with the 2.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.47 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Simply Good Foods has missed Wall Street’s revenue estimates twice over the last two years.
With Simply Good Foods being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for consumer staples stocks.
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