The Simply Good Foods Company (NASDAQ:SMPL) Q3 2022 Earnings Conference Call June 30, 2022 8:30 AM ET
Company Participants
Mark Pogharian - Vice President of Investor Relations
Joe Scalzo - President and Chief Executive Officer
Todd Cunfer - Chief Financial Officer
Conference Call Participants
Chris Growe - Stifel Nicolaus
Jason English - Goldman Sachs
Jack Hardin - Stephens
Alexia Howard - Bernstein
John Baumgartner - Mizuho Securities
Cody Ross - UBS
Steve Powers - Deutsche Bank
Eric Larson - Seaport Research Partners
John Anderson - William Blair
Pamela Kaufman - Morgan Stanley
Operator
Greetings, and welcome to The Simply Good Foods Company Fiscal Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded.
It’s now my pleasure to turn the call over to Mark Pogharian, Vice President, Investor Relations. Mark, please go ahead.
Mark Pogharian
Thank you, Operator. Good morning. I am pleased to welcome you to The Simply Good Foods Company earnings call for the third quarter ended May 28, 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 a Q&A session. The company issued its earnings release this morning at approximately 7:00 AM Eastern Time. A copy of the release and accompanying presentation are available under the Investors section of the company's Web site at www.thesimplygoodfoodscompany.com. This call is being webcast, and an archive of today's remarks will also be available.
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 in 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 for 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.
Additionally, year-to-date fiscal 2022 adjusted results exclude the mark-to-market effect of the treatment of the company’s private warrants prior to those warrants being fully exercised in January 2022. 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.