The Simply Good Foods Company Q1 Profit Increases, Beats Estimates

(RTTNews) - The Simply Good Foods Company (SMPL) announced a profit for its first quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $38.12 million, or $0.38 per share. This compares with $35.56 million, or $0.35 per share, in last year's first quarter.

Excluding items, The Simply Good Foods Company reported adjusted earnings of $0.49 per share for the period.

Analysts on average had expected the company to earn $0.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.6% to $341.27 million from $308.68 million last year.

The Simply Good Foods Company earnings at a glance (GAAP) :

-Earnings (Q1): $38.12 Mln. vs. $35.56 Mln. last year. -EPS (Q1): $0.38 vs. $0.35 last year. -Revenue (Q1): $341.27 Mln vs. $308.68 Mln last year.