M&A - Simply Good Foods Co

Form Type: 10-Q

Filing Date: 2025-04-09

Corporate Action: Acquisition

Type: Update

Accession Number: 000170274425000020

Filing Summary: For the quarter ended March 1, 2025, Simply Good Foods Company reported financial results highlighting a significant acquisition of Only What You Need, Inc. (OWYN), a plant-based protein food company, finalized on June 13, 2024. The acquisition was valued at approximately $280 million and enhances the company's position in the nutritious snacking market. The total assets for the company as of March 1, 2025, were reported at approximately $2.43 billion, with total liabilities at about $609 million. Net income for the quarter was reported at $36.7 million, driven by a gross profit of $130.1 million on net sales of $359.7 million. The balance sheet shows a slight decrease in total assets compared to the previous period, while stockholders' equity increased to $1.82 billion. The management's discussion included insights on financial strategies, operational efficiencies, and a focus on product innovation amid ongoing competition in the food sector.

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Form Type: 10-Q

Filing Date: 2025-01-08

Corporate Action: Acquisition

Type: Update

Accession Number: 000170274425000005

Filing Summary: The Simply Good Foods Company continues to expand its presence in the nutritious snacking industry. Notably, the company completed the acquisition of Only What You Need, Inc. (OWYN) on June 13, 2024, for approximately $281.9 million, enhancing its portfolio of health-oriented brands. This acquisition aligns with the company's strategy to lead the nutritious snacking market by offering plant-based options. The financial results for the quarter ended November 30, 2024, showed net sales of $341.27 million, up from $308.68 million in the previous year, attributed to increased consumer demand for protein-rich and dietary lifestyle products. In addition, the company reported improvements in gross profit and operating income. The acquisition-related costs for this period amounted to $0.6 million, indicating the company's investment in its growth trajectory. Assets total approximately $2.43 billion, with significant investments in long-term assets including goodwill and intangible assets, reflecting the strategic acquisitions aimed at future growth.

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