Simply Good Foods Posts Strong Quarter

The nutritional foods company took in $316.5 million in revenue.

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DENVER (AP) β€” The Simply Good Foods Co. on Thursday reported fiscal third-quarter profit of $38.8 million.

The Denver-based company said it had net income of 38 cents per share. Earnings, adjusted for one-time gains and costs, came to $0.44.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $0.35 cents.

The nutritional foods company posted revenue of $316.5 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $291.5 million.

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