Simply Good Foods Posts Q4 Profit of $30.5 Million, Beats Revenue and Earnings Estimates

The Simply Good Foods Co. (SMPL) on Tuesday reported fiscal fourth-quarter profit of $30.5 million, or 34 cents per share, surpassing Wall Street expectations. Adjusted for one-time gains and costs, earnings came to 44 cents per share, beating the 40-cent average estimate of three analysts surveyed by Zacks Investment Research. The Denver-based nutritional foods company posted revenue of $333.3 million for the period, also topping Street forecasts of $326.9 million from four analysts surveyed by Zacks.