BUZZ-Simply Good Foods down after first-quarter sales miss

** Shares of packaged food and beverage company Simply Good Foods SMPL.O down as much as 2.7% to $35.76

** Company posts a Q1 net sales rise of 10.6% to $341.3 mln vs estimates of $347.4 mln, according to data compiled by LSEG

** SMPL says excluding the contribution from its recent Only What You Need (OWYN) acquisition, quarterly sales were about the same as last year

** Company reaffirms its annual sales and adjusted EBITDA forecast

** Also reports a Q1 adjusted EPS of 49 cents vs estimates of 46 cents

** SMPL shares fell ~2% last year

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))