DENVER — The Simply Good Foods Co. (SMPL) on Wednesday reported fiscal second-quarter net income of $19.1 million.
The Denver-based company said it had profit of 19 cents per share. Earnings, adjusted for non-recurring costs, came to 25 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The nutritional foods company posted revenue of $230.6 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $229.4 million.
Simply Good Foods expects full-year earnings in the range of $1.07 to $1.11 per share, with revenue in the range of $930 million to $940 million.
Simply Good Foods shares have dropped almost 1% since the beginning of the year. The stock has climbed 82% 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