Updates
** Packaged food and beverage company Simply Good Foods' SMPL.O shares rise as much as 11.5% to $37
** If gains hold, stock on track for best day since October 2022
** Company's Q2 net sales rise 15.2% to $359.7 million vs est $354.4 million, as per data compiled by LSEG
** SMPL reports adjusted quarterly profit of 46 cents per share vs est 40 cents per share
** Company maintains fiscal 2025 forecasts
** Simply Good's target market of nutritious snacking, on-trend brands, and a lean, cash-generative operating platform can support attractive internal growth augmented by external means - brokerage William Blair
** As of last close, stock down nearly 15% YTD
(Reporting by Anuja Bharat Mistry in Bengaluru)
((AnujaBharat.Mistry@thomsonreuters.com))
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