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;))