The Simply Good Foods (SMPL) announced cost savings and corporate realignment initiatives to position the business for its next phase of growth. As previewed on the Company’s most recent earnings call, the Company announced cost savings and realignment initiatives aimed at streamlining the organization, driving faster decision making, and lowering fixed overhead costs. These cost actions are expected to generate approximately $17 million in annual savings and impact approximately 15% of overall staffing levels versus the Company’s prior plans. These actions are included in the Company’s most recent outlook.
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Read More on SMPL:
- Simply Good Foods initiated with a Neutral at BTIG
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