Business
The Simply Good Foods Company Reports Fiscal Second Quarter 2026 Financial Results and Updates Fiscal Year 2026 Outlook
DENVER, April 09, 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, April 09, 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 and twenty-six weeks ended February 28, 2026. Second Quarter Summary:(1) Net sales of $326.0 million versus $359.7 millionNet loss of $159.7 million versus net income of $36.7 millionLoss per diluted share of $1.73 versus earnings per diluted share of $0.36Adjusted Diluted EPS(2) of $0.45 versus $0.46Adjusted EBITDA(3) of $55.5 million versus $68.0 million Updating Fiscal Year 2026(4) Outlook: Net sales expected to range between $1.31 and $1.35 billion, or -10% to -7% year-over-yearGross margins expected to decline between 300 and 350 basis points year-over-yearAdjusted EBITDA expected to range between $217 and $225 million, or -22% to -19% year-over-year “I want to make it quite clear that we are not satisfied with our current performance,” said Joe Scalzo, President and Chief Executive Officer of Simply Good Foods. \"Our recent results have not met our expectations, and we have taken immediate and fundamental actions to turnaround both our financial performance and our in-market performance.\" Scalzo continued, “The long-term fundamentals of our category, our portfolio and our company capabilities are compelling, but in the near-term our organization must focus on three priorities, which are strengthening our business model economics by improving our cost structure and margins, ensuring consistency in our strategic choices driving organizational clarity and efficiency, and rebuilding brand investment behind superior marketing execution to drive household penetration.\" Second Quarter 2026 Results Net sales of $326.0 million decreased 9.4% versus the comparable year ago period, driven by declines for Atkins and OWYN of 26.6% and 16.8%, respectively, and only partially offset by Quest growth of 0.3%. The Company's net sales performance was largely driven by poor retail takeaway relative to what we experienced in the first quarter. Quarter over quarter Quest consumption was affected by slower base velocity in chips and bars. OWYN consumption declined year over year due to lapping the heavy promotional period in the prior year and poor base velocities, including on newly expanded distribution. Total Simply Go...