Simply Good Foods Co Q2 2023 Earnings Call Transcript - Thomson StreetEvents

Simply Good Foods Co Q2 2023 Earnings Call Transcript

Simply Good Foods Co Q2 2023 Earnings Call Transcript - Thomson StreetEvents
Simply Good Foods Co Q2 2023 Earnings Call Transcript
Published Apr 05, 2023
16 pages (11166 words) — Published Apr 05, 2023
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Abstract:

Edited Transcript of SMPL.OQ earnings conference call or presentation 5-Apr-23 12:30pm GMT

  
Brief Excerpt:

...Operator Greetings. Welcome to The Simply Foods Company's Fiscal Second Quarter 2023 Conference Call. (Operator Instructions) I'll now turn the conference over to Mark Pogharian, Vice President of Investor Relations. Mark, you may now begin. Mark Pogharian ...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Simply Good Foods Co
Ticker
SMPL.OQ
Time
12:30pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Cody T. Ross - UBS Investment Bank, Research Division - Analyst : First question is just around your sales cadence for the rest of the year. We have a couple of moving pieces here. You previously noted that shipments should exceed takeaway in the back half given the unusual cadence last year. Can you remind us specifically how much you expect to ship above consumption in 3Q and 4Q? And can you also take into account the retailer inventory reductions. I think you said it was a 3% headwind or $10 million this quarter. How should we think about the retailer inventory reductions going forward? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. APRIL 05, 2023 / 12:30PM, SMPL.OQ - Q2 2023 Simply Good Foods Co Earnings Call

Question: Cody T. Ross - UBS Investment Bank, Research Division - Analyst : Quick clarification and then a follow-up. Is that retailer inventory reduction embedded in your guidance going forward, meaning it does not come back?

Question: Cody T. Ross - UBS Investment Bank, Research Division - Analyst : Okay. And then just secondly, on the gross margin. I believe on the last earnings call, you talked about gross margin being down more than 100 basis points in the second quarter. It came down roughly 200 basis points this quarter. Can you help us understand the changes that you're making so that the cost surprises in gross margin don't happen as frequently? And can you just help us understand what your expectations were for gross margin going into the quarter? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. APRIL 05, 2023 / 12:30PM, SMPL.OQ - Q2 2023 Simply Good Foods Co Earnings Call

Table Of Contents

Simply Good Foods Co Q2 2024 Earnings Call Transcript – 2024-04-04 – US$ 106.00 – Edited Transcript of SMPL.OQ earnings conference call or presentation 4-Apr-24 12:30pm GMT

Simply Good Foods Co Annual Shareholders Meeting Transcript – 2024-01-18 – US$ 54.00 – Edited Transcript of SMPL.OQ shareholder or annual meeting 18-Jan-24 2:00pm GMT

Simply Good Foods Co Q4 2023 Earnings Call Transcript – 2023-10-24 – US$ 54.00 – Edited Transcript of SMPL.OQ earnings conference call or presentation 24-Oct-23 12:30pm GMT

Simply Good Foods Co Q3 2023 Earnings Call Transcript – 2023-06-29 – US$ 54.00 – Edited Transcript of SMPL.OQ earnings conference call or presentation 29-Jun-23 1:00pm GMT

Simply Good Foods Co at Goldman Sachs European Staples Forum Transcript – 2023-05-16 – US$ 54.00 – Edited Transcript of SMPL.OQ presentation 16-May-23 12:55pm GMT

Simply Good Foods Co Q1 2023 Earnings Call Transcript – 2023-01-05 – US$ 54.00 – Edited Transcript of SMPL.OQ earnings conference call or presentation 5-Jan-23 1:30pm GMT

Simply Good Foods Co Q4 2022 Earnings Call Transcript – 2022-10-21 – US$ 54.00 – Edited Transcript of SMPL.OQ earnings conference call or presentation 21-Oct-22 12:30pm GMT

Simply Good Foods Co Q3 2022 Earnings Call Transcript – 2022-06-30 – US$ 54.00 – Edited Transcript of SMPL.OQ earnings conference call or presentation 30-Jun-22 12:30pm GMT

Simply Good Foods Co at Goldman Sachs Global Consumer Conference Transcript – 2022-05-17 – US$ 54.00 – Edited Transcript of SMPL.OQ presentation 17-May-22 12:55pm GMT

Simply Good Foods Co Q2 2022 Earnings Call Transcript – 2022-04-06 – US$ 54.00 – Edited Transcript of SMPL.OQ earnings conference call or presentation 6-Apr-22 12:30pm GMT

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MLA:
Thomson StreetEvents. "Simply Good Foods Co Q2 2023 Earnings Call Transcript" Apr 05, 2023. Alacra Store. May 02, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Simply-Good-Foods-Co-Earnings-Call-T15515627>
  
APA:
Thomson StreetEvents. (2023). Simply Good Foods Co Q2 2023 Earnings Call Transcript Apr 05, 2023. New York, NY: Alacra Store. Retrieved May 02, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Simply-Good-Foods-Co-Earnings-Call-T15515627>
  
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