Company profile

Ticker
SMPL
Exchange
CEO
Joseph E. Scalzo
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK

SMPL stock data

(
)

Calendar

9 Jul 20
14 Jul 20
29 Aug 20

News

Company financial data Financial data

Quarter (USD) May 20 Feb 20 Nov 19 Aug 19
Revenue 215.1M 227.1M 152.15M 139.18M
Net income 16.41M 10.66M -4.79M 6.09M
Diluted EPS 0.17 0.11 -0.05 0.07
Net profit margin 7.63% 4.69% -3.15% 4.38%
Operating income 31.11M 25.27M -2.99M 12.12M
Net change in cash 65.02M -26.6M -193.63M 18.72M
Cash on hand 111.13M 46.12M 72.71M 266.34M
Cost of revenue 126.48M 141.71M 89.95M
Annual (USD) Aug 19 Aug 18 Aug 17 Aug 16
Revenue 523.38M 431.43M 427.86M
Net income 47.54M 70.46M -2.49M 10.03M
Diluted EPS 0.56 0.96
Net profit margin 9.08% 16.33% 2.35%
Operating income 72.81M 64.73M 45.96M
Net change in cash 154.37M 55.47M -21.99M
Cash on hand 266.34M 111.97M 56.5M 78.49M
Cost of revenue 305.98M 251.06M 248.46M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
6 May 20 White James D Common Stock Buy Aquire P No 18.015 1,942 34.99K 6,333
6 May 20 White James D Common Stock Buy Aquire P No 17.87 138 2.47K 4,391
6 May 20 White James D Common Stock Buy Aquire P No 17.86 700 12.5K 4,253
28 Apr 20 Kilts James M Common Stock Buy Aquire P No 16.883 87,862 1.48M 961,268
15 Apr 20 Goolsby Michelle P Common Stock Buy Aquire P No 16.59 5,000 82.95K 13,970
15 Apr 20 Kilts James M Common Stock Buy Aquire P No 16.5718 32,507 538.7K 873,406
14 Apr 20 Goolsby Michelle P Common Stock Buy Aquire P No 16.88 5,000 84.4K 8,970
14 Apr 20 Kilts James M Common Stock Buy Aquire P No 16.7619 14,582 244.42K 840,899
13 Apr 20 Montgomery Robert G. Common Stock Buy Aquire P No 15.972 3,000 47.92K 48,544
89.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 158 198 -20.2%
Opened positions 27 49 -44.9%
Closed positions 67 36 +86.1%
Increased positions 56 89 -37.1%
Reduced positions 61 51 +19.6%
13F shares
Current Prev Q Change
Total value 13.99B 2.68B +422.8%
Total shares 85.69M 86M -0.4%
Total puts 47.1K 57.5K -18.1%
Total calls 800.2K 129.8K +516.5%
Total put/call ratio 0.1 0.4 -86.7%
Largest owners
Shares Value Change
Vanguard 8.07M $155.5M +1.8%
BLK BlackRock 7.16M $137.96M -0.9%
Capital World Investors 4.95M $95.36M +32.0%
N Price T Rowe Associates 4.62M $89M +1.1%
Champlain Investment Partners 4.53M $87.21M +16.7%
JHG Janus Henderson 3.67M $70.71M -12.0%
SAMG Silvercrest Asset Management 3.33M $64.07M +435.2%
MCQEF Macquarie 2.66M $51.23M +194.4%
Lomas Capital Management 2.34M $45.06M NEW
Victory Capital Management 2.02M $38.97M +139.6%
Largest transactions
Shares Bought/sold Change
SAMG Silvercrest Asset Management 3.33M +2.71M +435.2%
FMR 906.33K -2.34M -72.1%
Lomas Capital Management 2.34M +2.34M NEW
Wellington Management 1.94M +1.87M +2613.1%
MCQEF Macquarie 2.66M +1.76M +194.4%
MS^L Morgan Stanley 47.74K -1.4M -96.7%
Renaissance Technologies 745.94K -1.37M -64.7%
Woodson Capital Management 0 -1.3M EXIT
Capital World Investors 4.95M +1.2M +32.0%
Victory Capital Management 2.02M +1.18M +139.6%

Financial report summary

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Competition
MedifastPREMIER NUTRITION
Risks
  • We may not be able to compete successfully in the highly competitive nutritional snacking industry.
  • If we fail to successfully implement our growth strategies on a timely basis, or at all, our ability to increase our revenue and operating profits could be materially and adversely affected.
  • If we do not continually enhance our brand recognition, increase distribution of our products, attract new consumers to our brands and introduce new and innovative products, either on a timely basis or at all, our business may suffer.
  • We rely on sales to a limited number of retailers for a substantial majority of our net sales, and the loss of one or more such retailers may materially harm our business. In addition, we maintain “at will” contracts with these retailers, which do not require recurring or minimum purchase amounts of our products.
  • Our growth may be limited if we are unable to add additional shelf or retail space for our products.
  • Changes in consumer preferences, perceptions of healthy food products and discretionary spending may negatively affect our brand loyalty and net sales, and materially and adversely affect our business, financial condition and results of operations.
  • The loss of, a disruption in or an inability to efficiently operate our fulfillment network could materially and adversely affect our business, financial condition and results of operations.
  • Shortages or interruptions in the supply or delivery of our core ingredients, packaging and products could materially and adversely affect our operating results as we rely on a limited number of third-party suppliers to supply our core ingredients and a limited number of contract manufacturers to manufacture our products.
  • Ingredient and packaging costs are volatile and may rise significantly, which may negatively affect the profitability of our business.
  • Severe weather conditions and natural disasters such as fires, floods, droughts, hurricanes, earthquakes and tornadoes can affect crop supplies, manufacturing facilities and distribution activities, and negatively affect the operating results of our business.
  • If our brands or reputation are damaged, the perception of our brand by our consumers, distributors and retailers may diminish, which could materially and adversely affect our business, financial condition and results of operations.
  • Negative information, including inaccurate information, about us on social media may harm our reputation and brand, which could have a material and adverse effect on our business, financial condition and results of operations.
  • We must expend resources to maintain consumer awareness of our brands, build brand loyalty and generate interest in our products. Our marketing strategies and channels will evolve and our programs may or may not be successful.
  • If we are unable to maintain or increase prices, our margins may decrease.
  • We intend to grow through acquisitions or joint ventures and we may not successfully integrate, operate or realize the anticipated benefits of such business combinations.
  • Our indebtedness could materially and adversely affect our financial condition and ability to operate our company, and we may incur additional debt.
  • The credit facilities governing our debt arrangements contain financial and other covenants.
  • Changes in interest rates may adversely affect our earnings and/or cash flows.
  • All of our products must comply with regulations of the FDA as well as state and local regulations. Any non-compliance with the FDA or other applicable regulations could harm our business.
  • Our advertising is regulated for accuracy, and if our advertising is determined to be false or misleading, we may face fines or sanctions.
  • Disruptions in the worldwide economy may materially and adversely affect our business, financial condition and results of operations.
  • Changes in the legal and regulatory environment could limit our business activities, increase our operating costs, reduce demand for our products or result in litigation.
  • Our geographic focus makes us particularly vulnerable to economic and other events and trends in North America.
  • Litigation or legal proceedings could expose us to significant liabilities and have a negative effect on our reputation.
  • We may not be able to adequately protect our intellectual property and other proprietary rights that are material to our business.
  • Any inadequacy, failure or interruption of our information technology systems may harm our ability to effectively operate our business, and our business is subject to online security risks, including security breaches and identity theft.
  • If we are unable to implement appropriate systems, procedures and controls, we may not be able to successfully offer our products, grow our business and account for transactions in an appropriate and timely manner.
  • Our insurance may not provide adequate levels of coverage against claims.
  • Loss of our key executive officers or other personnel, or an inability to attract and retain such management and other personnel, could negatively affect our business.
  • We may need additional capital in the future, and it may not be available on acceptable terms or at all.
  • We have incurred and will continue to incur significantly increased costs as a result of operating as a public company, and our management has been and will continue to be required to devote substantial time to compliance efforts.
  • If we do not maintain effective internal control over financial reporting, we could fail to report our financial results accurately.
  • Our only significant asset is ownership of 100% of Atkins Intermediate Holdings, LLC and such ownership may not be sufficient to pay dividends or make distributions or loans to enable us to pay any dividends on our common stock or satisfy our other financial obligations.
  • Our international operations expose us to regulatory, economic, political and social risks in the countries in which we operate.
  • Our international operations expose us to fluctuations in exchange rates, which may materially and adversely affect our operating results.
  • Our stock price may be volatile.
  • We do not expect to declare any dividends in the foreseeable future.
  • If securities or industry analysts do not publish or cease publishing research or reports about us, our business, or our market, or if they change their recommendations regarding our common stock adversely, the price and trading volume of our common stock could decline.
  • There may be future sales or other dilution of the Company's equity, which may adversely affect the market price of our common stock.
  • The Company's board of directors may issue, without stockholder approval, preferred stock with rights and preferences superior to those applicable to our common stock.
  • Anti-takeover provisions contained in our amended and restated certificate of incorporation and second amended and restated bylaws, as well as provisions of Delaware law, could impair a takeover attempt.
  • If we fail to complete the Acquisition, we will not recognize the benefits we describe in this Report.
  • We may not realize the expected benefits of the Acquisition because of integration difficulties and other challenges.
  • We face risks associated with the Purchase Agreement in connection with the Acquisition.
  • As a private company, Quest may not have in place an adequate system of internal control over financial reporting that we will need to manage that business effectively as part of a public company.
  • We will incur substantial indebtedness in order to finance the Acquisition, which could adversely affect our business and limit our ability to plan for or respond to changes in our business.
  • We will incur significant transaction and acquisition-related costs in connection with the Acquisition, whether or not it is completed.
Management Discussion
  • In assessing the performance of our business, we consider a number of key performance indicators used by management and typically used by our competitors, including the non-GAAP measures of Adjusted EBITDA. Because not all companies use identical calculations, this presentation of Adjusted EBITDA may not be comparable to other similarly titled measures of other companies. See “Reconciliation of Adjusted EBITDA” below for a reconciliation of EBITDA and Adjusted EBITDA to net income for each applicable period.
  • Net sales. Net sales for the successor fifty-three week period ended August 31, 2019 were $523.4 million compared to $431.4 million for the successor fifty-two week period ended August 25, 2018. The net sales increase of 21.3% was driven by volume growth. Net price realization was a slight benefit, partially offset by a shift in non-price related customer activity. The fifty-third week of fiscal 2019 was a 1.8% contribution to full year sales growth.
  • Cost of goods sold. Cost of goods sold for the successor fifty-three week period ended August 31, 2019 were $306.0 million compared to $251.1 million for the successor fifty-two week period ended August 25, 2018. The cost of goods sold increase is driven by sales volume growth and increased distribution center expenses. These increases are partially offset by logistics efficiencies.
Content analysis ?
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New words: Aid, closure, confinement, distancing, efficient, escrow, exceed, Exit, favorable, home, increasingly, iv, loading, marketplace, original, pantry, Postemployment, preserve, referenced, relief, sequentially, transmission, unprecedented, usage, utilized, wave
Removed: maker, reportable, resource, reviewed