易美味 2024年度报告

FISCAL 2025 ANNUAL REPORT ON FORM 10-K This Fiscal Year 2025 Annual Report (this “Report”) contains forward-looking statements within the meaning of Section 21E of the SecuritiesExchange Act of 1934, as amended (the “Exchange Act”). When used anywhere in this Report, the words “expect,” “believe,” “anticipate,” “estimate,”“intend,” “plan” and similar expressions are intended to identify forward-looking statements. These statements relate to future events or ourfuture financial or operational performance and involve known and unknown risks, uncertainties and other factors that could cause our actualresults, levels of activity, performance or achievement to differ materially from those expressed or implied by these forward-looking statements.We caution you that these forward-looking statements reflect our current views with respect to future events, are not guarantees of futureperformance and involve risks, uncertainties and assumptions that are difficult to predict. You should not place undue reliance on forward-looking statements. These statements reflect our current views with respect to future events, are based on assumptions and are subject to risksand uncertainties. These risks and uncertainties relate to, among other things, our operations being dependent on changes in consumer preferencesand purchasing habits regarding our products, a global supply chain and effects of supply chain constraints, inflationary pressure and tariffs onus and our contract manufacturers, our ability to continue to operate at a profit or to maintain our margins, the sufficiency of our sources ofliquidity and capital, our ability to maintain current operation levels and implement our growth strategies, our ability to maintain and gainmarket acceptance for our products or new products, our ability to capitalize on attractive opportunities, our ability to respond to competitionand changes in the economy including changes regarding inflation and increasing ingredient and packaging costs and labor challenges due to tariffsor other challenges at our contract manufacturers and third party logistics providers, the amounts of or changes with respect to certainanticipated raw materials and other costs, difficulties and delays in achieving the synergies and cost savings in connection with acquisitions,changes in the business environment in which we operate including general financial, economic, capital market, regulatory and geopoliticalconditions affecting us and the industry in which we operate, our ability to maintain adequate product inventory levels to timely supply customerorders, changes in taxes, tariffs, duties, governmental laws and regulations, the availability of or competition for other brands, assets or otheropportunities for investment by us or to expand our business, competitive product and pricing activity, difficulties of managing growth profitably,the effect pandemics or other global disruptions on our business, financial condition and results of operations, the loss of one or more membersof our management team, potential for increased costs, the harm to our business resulting from unauthorized access of the informationtechnology systems we use in our business, and other risks and uncertainties indicated in this Report, including those set forth under “RiskFactors” in this Report. Important factors could cause actual results to differ materially from those indicated or implied by forward-lookingstatements such as those contained in documents we have filed with the U.S. Securities and Exchange Commission (the “SEC”), including in thisReport in “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Risk Factors” and those contained insubsequent reports we will file with the SEC. All forward-looking statements in this Report are qualified entirely by the cautionary statementsincluded in this Report and such other filings. These risks and uncertainties or other important factors could cause actual results to differ materiallyfrom results expressed or implied by forward-looking statements contained in this Report. These forward-looking statements speak only as ofthe date of this Report. We undertake no intention or obligation to update or revise any forward-looking statements, whether because of newinformation, future events or otherwise, except as required by applicable law, and readers should not rely on the forward-looking statements asrepresenting the Company’s views as of any date subsequent to the date of the filing of this Report. Dear Fellow Stockholders, I am pleased to provide you with the Annual Report forThe Simply Good Foods Companyfor Fiscal Year 2025. Looking back at the year, I amvery appreciative of the nimbleness and tenacity of our entire team. In a dynamic year for the U.S. food industry, we delivered solid top and bottomline results, largely completed the integration of our acquisition of Only What You Need, Inc. (OWYN), invested in our talent and capabilities,and