The Simply Good Foods Company: Expanding Distribution of OWYN Products & Strategic Product Innovations in Quest Nutrition Can Drive Growth!

Simply Good Foods Company reported its fiscal third quarter 2024 results, demonstrating a performance that slightly exceeded company estimates. The positive outcomes were led by the continued growth of the Quest brand and significant gross margin improvements. Retail takeaway growth outpaced the net sales growth with a recorded 5% in combined measured and unmeasured channels against a 3.1% increase in net sales. The gross margin for the quarter stood at 39.9%, a substantial increase by 320 basis points compared to the same period in the previous year, primarily due to lower costs of ingredients and packaging.