DENVER — The Simply Good Foods Co. (SMPL) on Wednesday reported fiscal first-quarter net income of $22.5 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Denver-based company said it had net income of 23 cents. Earnings, adjusted for non-recurring costs, came to 29 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The nutritional foods company posted revenue of $231.2 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $208.9 million.
Simply Good Foods shares have fallen nearly 3% since the beginning of the year. The stock has climbed almost 10% in the last 12 months.
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