Jefferies Downgrades Simply Good Foods as Company Projects 2027 Decline
Photo: TokenPost
On Oct. 28, Jefferies moved The Simply Good Foods Company to Hold from Buy and lowered its price target by $4, to $11. The move came as the food company’s fiscal 2027 outlook called for lower sales and adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA. Simply Good Foods expects fiscal 2027 net sales to decline 13% to 17% year over year and adjusted EBITDA to fall 9% to 14%. It projects GAAP gross margin will rise 250 to 300 basis points year over year.
Source: TokenPost
