Business

Simply Good Foods Announces Cost Savings Initiatives and Leadership Changes as Part of Ongoing Strategic Evolution

DENVER, April 21, 2026 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (NASDAQ: SMPL) (“Simply Good Foods” or the “Company”), a leader in the Nutritional Snacking category, today announced cost savings and corporate realignment initiatives to position the business for its next phase of growth. “We have taken a clear-eyed assessment of the business to identify areas for enhancing our performance to set a foundation for a go-forward model to return the business to a compelling growth trajectory,

articleThe Simply Good Foods CompanyApril 21, 20266/company/simply-good-foods-co/news/simply-good-foods-announces-cost-savings-initiatives-and-leadership-changes-as-part-of-ongoing-strategic-evolution
Simply Good Foods Announces Cost Savings Initiatives and Leadership Changes as Part of Ongoing Strategic Evolution

About this update from The Simply Good Foods Company

[{"type":"image","alt":"Simply Good Foods USA, Inc.","displaySize":"","headline":null,"caption":"Simply Good Foods USA, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":183,"height":106,"url":"https://media.zenfs.com/en/globenewswire.com/7b3b4768fedd39d3027aa27292a8457e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/WhyiUie6VWkWroHc6BcmuA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTIwOQ--/https://media.zenfs.com/en/globenewswire.com/7b3b4768fedd39d3027aa27292a8457e","width":183,"height":106}},"lazy":false},{"type":"text","content":"DENVER, April 21, 2026 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (NASDAQ: SMPL) (“Simply Good Foods” or the “Company”), a leader in the Nutritional Snacking category, today announced cost savings and corporate realignment initiatives to position the business for its next phase of growth.","length":296,"tagName":"p"},{"type":"text","content":"“We have taken a clear-eyed assessment of the business to identify areas for enhancing our performance to set a foundation for a go-forward model to return the business to a compelling growth trajectory,” said Joe Scalzo, President and Chief Executive Officer of Simply Good Foods. “While our portfolio of powerful brands remains well-positioned in a growing sector, the actions announced today are designed to simplify our structure and enhance our flexibility to compete at the pace demanded by today’s consumer.”","length":515,"tagName":"p"},{"type":"text","content":"Cost Savings and Realignment InitiativesAs previewed on the Company’s most recent earnings call, the Company today announced cost savings and realignment initiatives aimed at streamlining the organization, driving faster decision making, focusing on functional excellence in key areas, and lowering fixed overhead costs. These cost actions are expected to generate approximately $17 million in annual savings and impact approximately 15% of overall staffing levels versus the Company’s prior plans. These actions are included in the Company’s most recent outlook.","length":564,"tagName":"p"},{"type":"text","content":"Mr. Scalzo continued, “Decisions that impact our people are not taken lightly and I deeply appreciate the contributions of everyone in our organization. At the same time, I believe realigning our business and leadership model will prove critical to improving our entrepreneurial accountabil...

More updates from The Simply Good Foods Company

Simply Good FoodsJoe Scalzothe Companycost savingsCompany