The Simply Good Foods Company (NASDAQ:SMPL) Q4 2022 Earnings Conference Call October 21, 2022 8:30 AM ET

Company Participants

Mark Pogharian – Vice President-Investor Relations

Joe Scalzo – President and Chief Executive Officer

Todd Cunfer – Chief Financial Officer

Conference Call Participants

Chris Growe – Stifel

Steve Powers – Deutsche Bank

Alexia Howard – Bernstein

John Baumgartner – Mizuho

Jason English – Goldman Sachs

Pamela Kaufman – Morgan Stanley

Cody Ross – UBS

Jim Salera – Stephens Inc.

Operator

Greetings and welcome to The Simply Good Foods Company Fiscal Fourth Quarter 2022 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.

I would now like to turn the conference over to your host, Mr. Mark Pogharian, Vice President, Investor Relations for Simply Good Foods Company. Thank you. You may begin.

Mark Pogharian

Thank you, operator. Good morning. I'm pleased to welcome you to The Simply Good Foods Company earnings call for the period ended August 27, 2022. Joe Scalzo, President and Chief Executive Officer; and Todd Cunfer, Chief Financial Officer, will provide you with an overview of results, which will then be followed by Q&A session. The company issued its earnings release this morning at approximately 7:00 a.m. A copy of the release and the accompanying presentation are available under the Investors section of the company's website at www.thesimplygoodfoodscompany.com. This call is being webcast and an archive of today's remarks will also be available.

Turning to the disclaimer. During the course of today's call, management will make forward-looking statements that are subject to various risks and uncertainties that may cause actual results to differ materially. The company undertakes no obligation to update these statements based on subsequent events. A detailed listing of such risks and uncertainties can be found in today's press release and the company's SEC filings. Note that on today's call, we will refer to certain non-GAAP financial measures that we believe will provide useful information to investors. Due to the company's asset-light strong cash flow business model, we evaluate our performance on an adjusted basis as it relates to EBITDA and diluted EPS.

We have included a detailed reconciliation from GAAP to adjusted items in today's press release. We believe these adjusted measures are a key indicator of the underlying performance of the business. The presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Please refer to today's press release for a reconciliation of the non-GAAP financial measures to the most comparable measures prepared in accordance with GAAP.