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SMPL News
SMPL Events
Quest Reports Q4 Revenue of $333.31M, Beating Consensus
Reports Q4 revenue $333.31M, consensus $327.13M. "Fiscal 2026 was a year of decisive action. We recognized that our performance was not where it needed to be and moved quickly to reset the business. We aligned the organization around a focused set of priorities, accelerated work to improve our cost structure, strengthened our financial flexibility, and overhauled our marketing approach across Quest, Atkins, and OWYN. We delivered on the modest financial commitments we made following our second quarter reset, continued to generate significant cash flow despite lower net sales, and completed much of the foundational work necessary to improve the long-term trajectory of the business," said Joe Scalzo, President and Chief Executive Officer.
Company Expects FY27 Adjusted EBITDA to Decline 9%-14%
Sees FY27 adjusted EBITDA down 9%-14%. Sees FY27 GAAP gross margin up 250-300 basis points. Scalzo continued, "Fiscal 2027 will be a challenging but important year in our turnaround. While we expect significant declines in net sales and Adjusted EBITDA, we are taking the actions necessary to restore the economic foundation of the business and rebuild brand momentum. We are reinvesting a portion of our margin recovery behind our brands, with new marketing strategies designed to strengthen consumer connection and improve underlying brand health. We expect performance to improve over the course of the year as our marketing investments take hold, the volume impact of pricing eases, and year-over-year comparisons become more favorable. We believe these actions will position us to exit fiscal 2027 with stronger momentum, improved profitability, and a healthier foundation for long-term growth."
Sees Q1 Adjusted EBITDA Down 28%-33%
Sees Q1 adjusted EBITDA down 28%-33%. Sees Q1 GAAP gross margin up 100 basis points.
Major Averages Rebound as Oil Prices Retreat
The major averages finished broadly higher in a reversal of yesterday's losses as oil prices retreated from recent highs while investors assess the latest developments in the U.S.-Iran conflict and their potential impact on inflation and global growth.Although the U.S. launched another round of strikes against Iran and Tehran retaliated by targeting U.S. military facilities in Bahrain and Kuwait, investors appear encouraged by signs that neither side is seeking a prolonged disruption to energy markets. Oil prices retreated after an early spike, helping improve sentiment across equities and easing some concerns about another inflation shock.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:PepsiCoreportedand reiterated its FY26 EPS outlookLevi Straussprovided areport for Q2Rackspaceannounced anin production with Palantirand cut its FY26 revenue guidanceMetaintends to put an AI chip into production in September,Meanwhile, Meta is launching developer access to its Muse Spark AI model,2. WALL STREET CALLS:KeyBancSalesforceto Sector Weight, with firm saying it isn't seeing AOV growthMattelwasto Sell from Neutral at Goldman SachsAreteParamount Skydanceto Sell, calling the history of media mega-mergers "hardly inspiring"MizuhoFive Belowto Outperform following a 30% retreatToastwasto Buy at Goldman Sachs following underperformance3. AROUND THE WEB:A U.S. appeals court on Thursday upheld a ruling for AstraZenecaagainst allegations that its blockbuster lung-cancer drug Tagrisso infringed patents owned by Pfizersubsidiary Wyeth, Reuters reportsAmazonis advancing its Alexa AI capabilities through Project Moonraker, which aims to enable more complex multistep tasks, though development costs and reliability challenges remain key hurdles as the company expands Alexa+, Business Insider saysThe French competition authority said that its probe into Nvidiais nearing an end, Reuters reportsQiagenis drawing takeover interest from Advent and EQT, Bloomberg reportsSK Hynix'sU.S. listing is over seven times oversubscribed as the South Korean company gets ready to price its offering later this week, Bloomberg says4. MOVERS:Forte Biosciencesgained after announcing itsnLightwas higher after being awarded a $627M jointMara Holdingsincreased after announcing it willfrom HIF USAIoniswas lower after AstraZenecareported its CARDIO-TTRansform trialBellRing Brandsfell after naming5. EARNINGS/GUIDANCE:ASE Technology, with revenue higher year-over-yearSimply Good Foodsand raised its guidance for FY26Honeywellraised itsByrna Technologies, with CEO Conn Davis commenting that second quarter results "did not reflect the level of performance we believe Byrna can deliver"AZZand raised its guidance for FY27INDEXES:The Dow rose 139.02, or 0.27%, to 52,487.41, the Nasdaq gained 336.24, or 1.30%, to 26,206.89, and the S&P 500 advanced 60.93, or 0.81%, to 7,543.64.
Major Averages Rebound as Oil Prices Retreat, Boosting Market Sentiment
The major averages were broadly higher in a reversal of yesterday's losses, with stock futures moving modestly higher as oil prices retreated from recent highs while investors assess the latest developments in the U.S.-Iran conflict and their potential impact on inflation and global growth.Although the U.S. launched another round of strikes against Iran and Tehran retaliated by targeting U.S. military facilities in Bahrain and Kuwait, investors appear encouraged by signs that neither side is seeking a prolonged disruption to energy markets. Oil prices retreated after an early spike, helping improve sentiment across equities and easing some concerns about another inflation shock.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:PepsiCoreportedand reiterated its FY26 EPS outlookLevi Straussprovided areport for Q2Rackspaceannounced anfor AI in production with Palantirand cut its FY26 revenue guidanceMetaintends to put an AI chip into production in September,Meanwhile, Meta is launching developer access to its Muse Spark AI model,2. WALL STREET CALLS:KeyBancSalesforce (CRM) to Sector Weight, with firm saying it isn't seeing AOV growthMattelwasto Sell from Neutral at Goldman SachsAreteParamount Skydanceto Sell, calling the history of media mega-mergers "hardly inspiring"MizuhoFive Belowto Outperform following a 30% retreatToastwasto Buy at Goldman Sachs following underperformance3. AROUND THE WEB:Amazonis advancing its Alexa AI capabilities through Project Moonraker, which aims to enable more complex multistep tasks, though development costs and reliability challenges remain key hurdles as the company expands Alexa+, Business Insider saysThe French competition authority said that its probe into Nvidiais nearing an end, Reuters reportsQiagenis drawing takeover interest from Advent and EQT, Bloomberg reportsSK Hynix'sU.S. listing is over seven times oversubscribed as the South Korean company gets ready to price its offering later this week, Bloomberg saysStarbucksis developing in-house tools with the help of AI that could replace some software applications it now buys from companies such as Microsoftand IBM, Bloomberg reports4. MOVERS:Forte Biosciencesgains after announcing its Phase 1b study ofnLighthigher after beingjoint laser weapon system contractMara Holdingsincreases after announcing it willfrom HIF USAIonislower after AstraZenecareported itsdid not meet its primary efficacy endpointBellRing Brandsfalls after naming Michael5. EARNINGS/GUIDANCE:ASE Technology, with revenue higher year-over-yearSimply Good Foodsand raised its guidance for FY26Honeywellfor FY26 and H2Byrna Technologies, with CEO Conn Davis commenting, "Our second quarter results did not reflect the level of performance we believe Byrna can deliver"AZZand raised its guidance for FY27INDEXES:Near midday, the Dow was up 0.27%, or 143.47, to 52,491.86, the Nasdaq was up 0.81%, or 209.64, to 26,080.30, and the S&P 500 was up 0.58%, or 43.09, to 7,525.80.
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