DENVER (AP) — DENVER (AP) — The Simply Good Foods Co. (SMPL) on Thursday reported fiscal fourth-quarter profit of $29.3 million.
The Denver-based company said it had net income of 29 cents per share. Earnings, adjusted for one-time gains and costs, were 50 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The nutritional foods company posted revenue of $375.7 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $374.8 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SMPL at https://www.zacks.com/ap/SMPL
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