The Simply Good Foods Company · NASDAQ:SMPL
The Simply Good Foods — Q1 2026 Earnings Presentation
17 slides from The Simply Good Foods's earnings presentation, Jan 8, 2026
Slide 1: January 8, 2026
January 8, 2026
Slide 2: Disclaimer
Disclaimer Forward Looking Statements Certain statements made herein are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by or include w
Slide 3: Agenda
Agenda 1. Introduction: Joshua Levine, VP Investor Relations & Treasury 2. Overview & Highlights: Geoff Tanner, President & CEO 3. Financial Summary & Fiscal Year 2026 Outlook: Chris Bealer, CFO 4. Q&A 3
Slide 4: Geoff Tanner, President and Chief Executive Officer
Geoff Tanner President and Chief Executive Officer 4
Slide 5: Key Messages
Key Messages Started Fiscal Year 2026 largely as expected • Q1 Net Sales and Adjusted EBITDA1 modestly ahead of expectations • 2% combined consumption growth, driven by Quest (12%) and OWYN (18%) offset by expected decline on Atkins (-19%) 2 Quest and OWYN (71% of SMPL Q1 net sales) grew aggregate c
Slide 6: Quest Overview
Quest Overview Quest Q1 retail takeaway1 grew 12% • Household penetration +200 bps Y/Y to 19.7% • Salty snacks consumption increased 40%, led by underlying distribution and velocity expansion, lapping year-ago out- of-stocks • Household penetration for Quest salty +220 bps Y/Y to 10.2% • Flavor inno
Slide 7: Atkins Overview
Atkins Overview Q1 retail takeaway declined 19%, as expected1 • Distribution accounted for two-thirds of consumption declines Initiatives to modernize the brand began to show up in-market during Q1 • Shift to a 4-pack in meal bars are generating higher unit velocities, building trial and repeat rate
Slide 8: OWYN Overview
OWYN Overview Q1 retail takeaway grew 18%1 • Distribution-driven growth for RTDs and powders, including ongoing test for RTDs at large club account • Household penetration +100 bps Y/Y to 4.5% Remain confident in the long-term path to success for the brand • ACV below leading peers reflects signific
Slide 9: Summary
Summary Reaffirming FY26 outlook; On track and remain confident in plan Sustained by nimble and flexible operating model, long runways for growth for Quest and OWYN, and strong margins and balance sheet We will continue to invest behind attractive opportunities, positioning the Company for sustainab
Slide 10: Chris Bealer, Chief Financial Officer
Chris Bealer Chief Financial Officer 10
Slide 11: Fiscal Year 2026 Q1 Net Sales vs. Prior Year
Fiscal Year 2026 Q1 Net Sales vs. Prior Year Reported Net Sales1 Reported Net Sales Breakdown, by Brand1 -0.3% YoY Reported Net Sales Growth $341.3 $340.2 Int'l, 2% OWYN, 9% Atkins, 27% Quest, 62% 1Q25 1Q26 1Unaudited financial information for the 13-weeks ended November 29, 2025, and 13-weeks ended
Slide 12: Fiscal Year 2026 Q1 Profitability vs. Prior Year
Fiscal Year 2026 Q1 Profitability vs. Prior Year Gross Profit (GAAP) Adjusted EBITDA Net Income (GAAP) (and % Margin)1 (and % Margin) 1,2 (and % Margin)1 -15.8% Year-Over-Year -20.6% Year-Over-Year -33.7% Year-Over-Year Percent Change Percent Change Percent Change $130.5 38.2% $70.1 $109.9 20.5% 32.
Slide 13: Adjusted Diluted Earnings Per Share Reconciliation
Adjusted Diluted Earnings Per Share Reconciliation 1“Tax Effects of Adjustments” reflects the aggregate tax effect of all non-tax adjustments in the preceding line items of the table. The tax effect of each adjustment is computed (i) by dividing the gross amount of the adjustment, as shown in the Ad
Slide 14: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Trailing twelve-month Net Debt to Adjusted EBITDA ratio Historical Net Debt Since Quest Acquisition (Nov. 2019), $mm increased modestly to 0.8x1 As of November 29, 2025: • Cash & cash equivalents of $194.1 million • Term loan balance of $400.0 million; recently extended and
Slide 15: Fiscal Year 2026 Outlook
Fiscal Year 2026 Outlook1 1This outlook assumes current economic conditions, consumer purchasing behavior and prevailing tariffs remain generally consistent across the Company’s fiscal year. 15
Slide 16: Simply, Simply, Go
SIMPLY, GO"
Slide 17: Slide 17
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