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The Simply Good Foods Company Reports Fiscal First Quarter 2026 Financial Results and Reaffirms Fiscal Year 2026 Outlook
DENVER, Jan. 08, 2026 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (Nasdaq: SMPL) (“Simply Good Foods,” or the “Company”), a leader in the Nutritional
About this update from The Simply Good Foods Company
[{"type":"text","content":"DENVER, Jan. 08, 2026 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (Nasdaq: SMPL) (“Simply Good Foods,” or the “Company”), a leader in the Nutritional Snacking Category, today reported financial results for the thirteen weeks ended November 29, 2025. First Quarter Summary:(1) Net sales of $340.2 million versus $341.3 millionNet income of $25.3 million versus $38.1 millionEarnings per diluted share (“EPS”) of $0.26 versus $0.38Adjusted Diluted EPS(2) of $0.39 versus $0.49Adjusted EBITDA(3) of $55.6 million versus $70.1 million Reaffirm Fiscal Year 2026(4) Outlook: Net sales expected to range between -2% and +2% year-over-yearGross margins expected to decline between 100 and 150 basis points year-over-yearAdjusted EBITDA expected to range between -4% and +1% year-over-year “Our first quarter financial performance came in modestly ahead of our expectations. Total company consumption growth of 2% was led by Quest and OWYN, which grew aggregate consumption double-digits, while Atkins performed as expected,\" said Geoff Tanner, President and Chief Executive Officer of Simply Good Foods. \"With our initiatives to accelerate our top line and rebuild our margins in the second half on track, we are reaffirming our full year outlook. Simply Good Foods remains well positioned as a leader in the mainstreaming of the high protein, low sugar and low carb nutritional snacking category. Given the long runways for growth for Quest and OWYN coupled with our history of strong margins and a proven track record of converting Adjusted EBITDA into free cash flow, I am confident the Company will create value for shareholders over the long term.” First Quarter 2026 Results Net sales of $340.2 million decreased 0.3% versus the comparable year ago period, driven by Quest growth of 9.6% offset by declines for Atkins and OWYN of 16.5% and 3.3%, respectively. OWYN’s net sales decline was the result of lingering effects from the previously disclosed product quality issue and the related effect on retailer inventory levels, which began the quarter in an elevated position. Total Simply Good Foods retail takeaway(6) increased about 1.8% driven by growth for Quest and OWYN of 12.0% and 17.8%, respectively, while Atkins declined 19.3%, as expected. Gross profit of $109.9 million decreased 15.8% versus the comparable year ago period, driven by expected elevated...