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Simply Good Foods Company (SMPL) announced its fiscal first quarter results, with earnings per share (EPS) of $0.39, beating the previous estimate of $0.36. Revenue was $340.2 million, also surpassing expectations. The performance growth was mainly driven by the strong retail channel growth of its Quest (up 12.0%) and OWYN (up 17.8%) brands. Despite a 33.7% year-over-year decline in net profit and pressure on gross margin, the company reaffirmed its full-year outlook and announced an expansion of its stock buyback plan by $200 million.