Shares of The Simply Good Foods Company (SMPL) are soaring 5.05% in intraday trading on Friday, following news of a significant expansion in the company's distribution capabilities. The surge comes as investors react positively to the announcement of a major lease agreement that signals strong growth prospects for the health and wellness food company.

CT Realty, a national real estate and investment company, revealed that it has successfully leased an 805,000 square foot, state-of-the-art industrial facility to Simply Good Foods in Mount Comfort, Indiana. The seven-year lease agreement secures a strategic presence for Simply Good Foods in one of the region's fastest-growing logistics and distribution hubs. This cutting-edge facility, featuring a 40' clear height and prime accessibility to major transportation routes, is set to support the company's expanding supply chain and distribution operations.

The substantial investment in distribution infrastructure suggests that Simply Good Foods, known for its Quest™ protein bars and shakes, is positioning itself for significant growth. This expansion aligns with the company's mission to lead the nutritious snacking movement and indicates confidence in the increasing demand for its products. As Simply Good Foods strengthens its operational capabilities, investors appear to be betting on the company's potential for increased market share and improved financial performance in the coming years.