The Simply Good Foods Company (NASDAQ:SMPL) Q4 2018 Earnings Conference Call Transcript

Oct 24, 2018 • 08:30 am ET


The Simply Good Foods Company (NASDAQ:SMPL) Q4 2018 Earnings Conference Call Transcript


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Greetings and welcome to the Simply Good Foods Company Fourth Quarter 2018 Conference Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder, this conference is being recorded.

It's now my pleasure to turn the call over to Mark Pogharian, VP, IR. Please go ahead, Mark.

Mark Pogharian

Thank you, Kevin. Good morning. And I'm pleased to welcome you to Simply Good Foods Company earnings call for the fourth quarter ended August 25, 2018. Joe Scalzo, President and CEO, and Todd Cunfer, CFO, will provide you with an overview of results, which will then be followed by a Q&A session.

The company issued its earnings release this morning at approximately 7:00 AM Eastern. A copy of the release and the accompanying presentation are available under the Investors section of the company's website at This call is being webcast live on the website and an archive of today's remarks will also be available for 30 days.

(Forward-Looking Cautionary Statements)

In addition, management will make references to adjusted EBITDA, a non-GAAP financial measure that it believes provides investors with useful information with which to evaluate the company's operating performance. Today's earnings release includes a reconciliation of the most directly comparable GAAP financial measures to non-GAAP measures. And finally, the company has included in today's earnings release and presentation financial information for the 13 weeks and 52 weeks ended August 25, 2018, and pro forma combined financial information for the 13 weeks and 52 weeks ended August 25, 2017.

The pro forma adjustments are based on available information upon assumptions that our management believes are reasonable in order to reflect on a pro forma combined basis the impact of its business combination transactions on the historical financial information of our predecessor and successor entities as applicable. The pro forma combined financial statements provide results as if the business combination transactions had been completed as of the beginning of fiscal 2017. All financial measures related to the fiscal 2017 discussed today will be on a pro forma combined basis.

And with that out of the way, it's my pleasure to turn the call over to Joe Scalzo, President and CEO.

Joe Scalzo

Thank you, Mark. Good morning and thank you for joining us. Today, I'll recap our full year and fourth quarter results and provide an update on our business. Then Todd will discuss the summary of our fourth quarter and full year financial results. And after that, we'll open the call to your questions.

Before I begin, as I reflect on our first year as a publicly traded company, I'm proud of our accomplishments. We're fortunate to have a small team of talented and dedicated employees, who come to work every day committed to contribute to our business growth. This has served us well and is reflected in the company's solid financial and marketplace results. So, thank you, to all of my colleagues across the business, many of whom, I know are listening