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Shares of Merely Good Meals (SMPL) jumped Wednesday because the dietary meals and snacking merchandise supplier topped fiscal second-quarter estimates and affirmed its full-year outlook regardless of tariffs uncertainty.
The Denver-based firm, which owns the Atkins and OWYN manufacturers, reported adjusted earnings per share (EPS) of $0.46 on income that rose 15% year-over-year to $359.7 million. Analysts polled by Seen Alpha had been anticipating $0.39 and $354.2 million, respectively.
"I’m very happy with our second quarter and first half outcomes," CEO Geoff Tanner stated. "We’re executing nicely, including new doorways, successful with innovation, and driving model consciousness and family penetration of our manufacturers."
Merely Good Meals affirmed its fiscal 2025 outlook of web gross sales rising 8.5% to 10.5% and adjusted EBITDA growing 4% to six%, though that “assumes present financial situations and client buying habits stay typically constant” for the rest of the fiscal 12 months, it stated.
Shares of Merely Good Meals, which entered Wednesday buying and selling down 15% year-to-date, rose greater than 9% quickly after the opening bell.
