DENVER (AP) – Merely Good Meals Co. (SMPL) reported a fiscal first-quarter web revenue of $ 22.5 million on Wednesday, after posting a loss in the identical interval a 12 months earlier.
On a per share foundation, the Denver-based firm stated it had a web earnings of 23 cents. Earnings, adjusted for non-recurring prices, got here to 29 cents per share.
The outcomes exceeded Wall Road expectations. The common estimate of six analysts surveyed by Zacks Funding Analysis was earnings of 20 cents a share.
The dietary meals firm posted income of $ 231.2 million within the interval, which additionally beat Road’s forecasts. 5 analysts surveyed by Zacks anticipated $ 208.9 million.
Merely Good Meals shares have fallen almost three% for the reason that starting of the 12 months. The inventory is up nearly 10% within the final 12 months.
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