Simply Good Foods Co SMPL
The Simply Good Foods Company is a consumer packaged food and beverage company that aims to lead the nutritious snacking movement with trusted brands that offer a variety of convenient, innovative, great-tasting, better-for-you snacks and meal replacements, and other product offerings that seek to address consumers' increasing demand for protein-rich food, that are low in carbohydrates and added sugar. The product portfolio we develop, market and sell consists primarily of protein bars, ready-to-drink ("RTD") protein shakes, sweet and salty protein snacks and confectionery products marketed under the Quest, Atkins, and OWYN brand names. Simply Good Foods is poised to expand its wellness platform through innovation and organic growth along with acquisition opportunities.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.45B | $1.33B | $1.24B | $1.17B | $1.01B | $816.6M | $523.8M | $437.9M | — | — |
| Cost of revenue | $925.2M | $819.8M | $789.3M | $723.1M | $595.8M | $492.3M | $306.1M | $255.0M | — | — |
| Gross profit | $525.7M | $511.6M | $453.4M | $445.6M | $409.8M | $324.3M | $217.7M | $182.9M | — | — |
| R&D | $5.5M | $5.4M | $4.3M | $4.1M | $3.5M | $4.0M | $2.2M | $2.5M | — | — |
| SG&A | $155.9M | $129.7M | $111.6M | $103.8M | $106.2M | $106.3M | $62.2M | $49.4M | — | — |
| Total operating expenses | $368.9M | $305.1M | $248.5M | $242.8M | $236.1M | $246.1M | $145.0M | $115.5M | — | — |
| Operating income | $156.9M | $206.5M | $204.9M | $202.8M | $173.7M | $78.2M | $72.7M | $67.4M | — | — |
| Interest expense | $23.2M | $26.0M | $30.1M | $21.9M | $31.6M | $32.8M | $13.6M | $12.6M | — | — |
| Pre-tax income | $135.9M | $186.1M | $175.7M | $150.6M | $80.9M | $79.0M | -$8.5M | $21.3M | — | — |
| Income tax | $32.3M | $46.7M | $42.1M | $42.0M | $40.0M | $13.3M | $16.7M | $16.1M | — | — |
| Net income | $103.6M | $139.3M | $133.6M | $108.6M | $40.9M | $65.6M | -$25.2M | $37.4M | — | $10.0M |
| EPS, basic | 1.03 | 1.39 | 1.34 | 1.10 | 0.43 | 0.70 | -0.31 | 0.53 | — | — |
| EPS, diluted | 1.02 | 1.38 | 1.32 | 1.08 | 0.42 | 0.35 | -0.31 | 0.51 | — | — |
| Shares, diluted (wtd. avg.) | $101.5M | $101.3M | $100.9M | $100.6M | $97.4M | $98.3M | $80.7M | $72.8M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $98.5M | $132.5M | $87.7M | $67.5M | $75.3M | $95.8M | $266.3M | $112.0M | $56.5M | — |
| Receivables | $165.0M | $150.7M | $145.1M | $132.7M | $111.5M | $89.7M | $44.2M | $36.6M | $37.2M | — |
| Inventory | $167.2M | $142.1M | $116.6M | $125.5M | $97.3M | $59.1M | $38.1M | $30.0M | $29.1M | — |
| Total current assets | $453.7M | $440.3M | $371.7M | $351.6M | $298.7M | $260.3M | $357.6M | $185.7M | $133.9M | — |
| Property, plant and equipment | $39.7M | $24.8M | $24.9M | $18.2M | $16.6M | $11.8M | $2.5M | $2.6M | $2.1M | $2.3M |
| Goodwill | $590.0M | $591.7M | $543.1M | $543.1M | $543.1M | $544.8M | $471.4M | $471.4M | $465.0M | — |
| Other intangibles | $1.26B | $1.34B | $1.11B | $1.12B | $1.14B | $1.16B | $306.1M | $312.6M | $319.1M | — |
| Total assets | $2.40B | $2.44B | $2.10B | $2.09B | $2.05B | $2.01B | $1.14B | $974.6M | $922.5M | — |
| Accounts payable | $78.3M | $58.6M | $52.7M | $62.1M | $59.7M | $32.2M | $15.7M | $11.2M | $14.9M | — |
| Short-term debt | — | $0 | $143.0K | $264.0K | $285.0K | $271.0K | $676.0K | $648.0K | $234.0K | — |
| Total current liabilities | $124.6M | $108.6M | $89.9M | $102.2M | $113.7M | $71.5M | $48.0M | $30.6M | $33.2M | — |
| Long-term debt | $249.1M | $397.5M | $281.6M | $403.0M | $451.3M | $596.9M | $190.3M | $190.9M | $191.9M | — |
| Total liabilities | $589.2M | $708.7M | $526.0M | $655.6M | $863.4M | $869.1M | $428.8M | $345.8M | $323.8M | — |
| Retained earnings | $590.9M | $487.3M | $348.0M | $214.4M | $105.8M | $64.9M | -$711.0K | $24.5M | -$12.9M | — |
| Total equity | $1.81B | $1.73B | $1.57B | $1.44B | $1.19B | $1.14B | $712.9M | $620.8M | $580.0M | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $178.5M | $215.7M | $171.1M | $110.6M | $132.1M | $58.9M | $73.0M | $61.0M | — | — |
| Depreciation and amortisation | $21.4M | $21.0M | $20.3M | $19.3M | $18.2M | $16.0M | $7.6M | $7.7M | — | $1.1M |
| Stock-based compensation | $15.3M | $18.4M | $14.5M | $11.7M | $8.3M | $7.6M | $5.5M | $4.0M | — | — |
| Capital expenditure | $20.5M | $5.7M | $11.6M | $5.2M | $5.9M | $1.7M | $1.0M | $1.8M | — | — |
| Investing cash flow | -$20.9M | -$286.9M | -$12.2M | -$8.2M | -$2.5M | -$984.0M | -$1.8M | -$3.5M | — | — |
| Financing cash flow | -$191.2M | $115.9M | -$138.5M | -$110.0M | -$150.0M | $754.7M | $83.4M | -$1.6M | — | — |
| Buybacks | $50.9M | $0 | $16.4M | $59.9M | $0 | $0 | $2.1M | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001702744-25-000046.
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