M&A: Simply Good Foods Co

Form Type: 10-Q

Filing Date: 2025-01-08

Corporate Action: Acquisition

Type: Update

Accession Number: 000170274425000005

Comments: 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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