The Simply Good Foods Co. raised its fiscal 2027 revenue and earnings guidance today, citing stronger-than-expected sales growth from its Quest Nutrition brand. It now expects fiscal 2027 net sales to grow in the high single-digit range. Its previous forecast called for mid-single-digit growth.
The company attributed the updated forecast to successful new product launches in Quest’s portfolio and expanded distribution channels. Management said it expects momentum to continue, citing consumer demand for healthier snacking options.
SMPL shares traded higher in pre-market activity following the announcement.