Simply Good Foods Co

Listed Company

SMPLCIK 0001702744NasdaqLarge AcceleratedFood And Kindred ProductsFY ends Aug 26

Period

FY 2025

Revenue

$1.45B

Net Income

$103.61M

Total Assets

$2.40B

Equity

$1.81B

Shares Out

90.49M

Op. Cash Flow

$178.46M

Business

Simply Good Foods Co is a consumer packaged food and beverage company that develops, markets and sells nutritious snacking and meal-replacement products focused on protein-rich, low-carbohydrate, low-sugar formulations. Its main products include protein bars, ready-to-drink protein shakes, sweet and salty protein snacks, confections, cookies, and protein powders. The company organizes operations around its Quest, Atkins and OWYN brand platforms, which are managed as operating segments and aggregated into one reportable segment. Products are sold primarily in North America through grocery, mass merchandise, club, convenience, specialty and e-commerce channels, with additional international sales.

Summary from filing dated 2025-10-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Net sales	1,451	1,331	1,243	1,169	1,006
Cost of goods sold	925	820	789	723	596
Gross profit	526	512	453	446	410
Selling and marketing	134	144	119	122	113
General and administrative	156	130	112	104	106
Depreciation and amortization	17	17	17	17	17
Business transaction costs	820,000	15	0	0	0
Loss on impairment	61	0	0	—	—
Total operating expenses	369	305	248	243	236
Income from operations	157	206	205	203	174
Interest income	3	4	1	15,000	84,000
Interest expense	−23	−26	−30	−22	—
(Loss) gain on foreign currency transactions	−421,000	267,000	−344,000	191,000	−5,000
Other income	23,000	1	11,000	−453,000	−140,000
Total other income (expense)	−21	−20	−29	−52	−93
Income before income taxes	136	186	176	151	81
Income tax expense	32	47	42	42	40
Net income	104	139	134	109	41
Foreign currency translation, net of reclassification adjustments	−394,000	554,000	−642,000	−1	61,000
Comprehensive income	103	140	133	107	41
Basic (in dollars per share)	1.03	1.39	1.34	1.1	0.43
Diluted (in dollars per share)	1.02	1.38	1.32	1.08	0.42
Basic (in shares)	101	100	99	99	96
Diluted (in shares)	102	101	101	101	97

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Cash	98	133	88	67	75
Accounts receivable, net	165	151	145	133	111
Inventories	167	142	117	125	97
Prepaid expenses	7	6	6	5	5
Other current assets	16	9	16	21	10
Total current assets	454	440	372	352	299
Property and equipment, net	40	25	25	18	17
Intangible assets, net	1,262	1,336	1,108	1,123	1,139
Goodwill	590	592	543	543	543
Other long-term assets	51	43	49	58	55
Total assets	2,396	2,436	2,097	2,094	2,052
Accounts payable	78	59	53	62	60
Accrued interest	44,000	265,000	2	160,000	60,000
Accrued expenses and other current liabilities	46	50	35	40	54
Total current liabilities	125	109	90	102	114
Long-term debt, less current maturities	249	397	282	403	451
Deferred income taxes	166	166	116	106	94
Other long-term liabilities	49	37	38	45	45
Total liabilities	589	709	526	656	863
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued	0	0	0	0	0
Common stock, $0.01 par value, 600,000,000 shares authorized, 103,688,071 and 102,515,315 issued at August 30, 2025 and August 31, 2024, respectively	1	1	1	1	959,000
Treasury stock, 3,957,571 shares and 2,365,100 shares at cost at August 30, 2025 and August 31, 2024, respectively	−129	−78	−78	−62	−2
Additional paid-in-capital	1,347	1,320	1,303	1,287	1,085
Retained earnings	591	487	348	214	106
Accumulated other comprehensive loss	−2	−2	−3	−2	−818,000
Total stockholders equity	1,807	1,727	1,571	1,439	1,189
Total liabilities and stockholders equity	2,396	2,436	2,097	2,094	2,052

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Depreciation and amortization	21	21	20	19	18
Amortization of deferred financing costs and debt discount	1	2	3	3	5
Stock compensation expense	15	18	15	12	8
Estimated credit losses (recoveries)	241,000	−150,000	315,000	601,000	1
Unrealized loss (gain) on foreign currency transactions	421,000	−267,000	344,000	−191,000	5,000
Deferred income taxes	3,000	8	11	12	9
Amortization of operating lease right-of-use asset	7	7	7	7	5
Other	1	988,000	567,000	681,000	−16,000
Accounts receivable, net	−15	9	−13	−22	−22
Inventories	−26	14	8	−30	−39
Prepaid expenses	−2	1	−1	−138,000	−1
Other current assets	−7	5	7	−12	2
Accounts payable	19	−15	−10	3	26
Accrued interest	−221,000	−2	2	100,000	−900,000
Accrued expenses and other current liabilities	−4	13	−5	−15	15
Other assets and liabilities	1	−6	−6	−6	−2
Net cash provided by operating activities	178	216	171	111	132
Purchases of property and equipment	−21	−6	−12	−5	−6
Acquisition of business, net of cash acquired	2	280	0	0	—
Investments in intangible assets and other assets	−2	−730,000	−603,000	−524,000	−795,000
Net cash used in investing activities	−21	−287	−12	−8	−3
Proceeds from option exercises	13	4	5	4	700,000
Tax payments related to issuance of restricted stock units	−3	−5	−3	−4	−435,000
Repurchase of common stock	−51	0	−16	−60	0
Payments on finance lease obligations	0	−145,000	−278,000	−313,000	−314,000
Principal payments of long-term debt	−150	−135	−122	−50	−150
Proceeds from issuance of long-term debt	0	250	0	0	0
Proceeds from Sale and Collection of Notes Receivable	0	3	0	0	—
Deferred financing costs	0	−1	−3	−544,000	0
Net cash (used in) provided by financing activities	−191	116	−139	−110	−150
Net (decrease) increase in cash	−34	45	20	−8	−20
Effect of exchange rate on cash	−382,000	92,000	−176,000	−302,000	−36,000
Cash paid for interest	22	26	26	19	28
Cash paid for taxes	39	33	27	49	32
Non-cash additions to property and equipment	882,000	191,000	178,000	743,000	1
Non-cash additions to intangible assets and other assets	0	116,000	26,000	86,000	218,000
Operating lease right-of-use assets recognized after ASU 2016-02 transition	16	2	289,000	7	26
Non-cash credits for repayment of note receivable	646,000	740,000	395,000	—	—

Filings

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