The Simply Good Foods Company · NASDAQ:SMPL
The Simply Good Foods — Q3 2026 Earnings Presentation
16 slides from The Simply Good Foods's earnings presentation, Jul 9, 2026
Slide 1: Third Quarter Fiscal Year 2026
Third Quarter Fiscal Year 2026 July 9, 2026
Slide 2: Disclaimer: Forward Looking Statements
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: Joe Scalzo, President and Chief Executive Officer
Joe Scalzo President and Chief Executive Officer
Slide 4: Key Messages
Key Messages In-line retail consumption; Solid execution led to results ahead of plan • Results still well below our expectations for the business, reinforce the need for continued improvement Updating Fiscal Year 2026 Outlook given Q3 2026 outperformance • Reflects YTD performance and expected near
Slide 5: Q3 2026: By the Numbers
Q3 2026: By the Numbers Reported Net Sales1 Gross Profit (GAAP) Adjusted EBITDA1,2 Retail Takeaway3 (Gross Margin) (13 Weeks Ended 5/31/26) -6.3% YOY 390 bps -22.5% YOY Decline Decline Decline $381.0 $138.5 $73.9 10.0% 10.8% 19.4% $57.2 $357.0 $116.1 16.0% -14.6% -6.7% 3Q25 3Q26 3Q25 3Q26 3Q25 3Q26
Slide 6: Near-Term Turnaround Priorities: Acting with Urgency
Near-Term Turnaround Priorities: Acting with Urgency 1. Strengthen business model economics through pricing and reducing costs 2. Ensuring consistency and discipline in strategic choices, working on fewer, bigger initiatives, driving organizational clarity, focus and efficiency 3. Rebuilding brand i
Slide 7: Quest Update
Quest Update Quest Q3 retail takeaway grew 1.4%1 relative to 2.4% growth last quarter • Total brand Household Penetration increased 120 bps year over year to 20.5%2 Chips performing well as consumers increasingly seek ‘better-for-you’ salty snacks • Quest chips consumption grew over 17% in the third
Slide 8: Atkins Update
Atkins Update Atkins Q3 retail takeaway declined 23.9%1; roughly in-line with last quarter • Lower marketing spend led to Household Penetration declines, which led to distribution losses • Total brand Household Penetration declined 220 bps year over year to 8.5%2 Combination of factors contributed t
Slide 9: OWYN Update
OWYN Update OWYN Q3 retail takeaway declined 1.3%1 versus a decline of 2.4% last quarter • Total brand Household Penetration was unchanged year over year at 4.3%2 Household penetration has significant potential for growth • Recent segmentation work indicates approximately 18% of U.S. households are
Slide 10: Confidence in Returning to Long-Term Algorithm Over Time
Confidence in Returning to Long-Term Algorithm Over Time Compete in a strong, growing category critical across retail channels • Supported by long-term consumer trends around health, wellness and convenient nutrition Strong portfolio of brands that address distinct consumer needs and occasions • Que
Slide 11: Chris Bealer, Chief Financial Officer
Chris Bealer Chief Financial Officer
Slide 12: Q3 2026 Net Sales Breakdown
Q3 2026 Net Sales Breakdown Reported Net Sales1 Reported Net Sales Breakdown, by Brand1 -6.3% YOY Decline Int'l, 2% OWYN, 10% $381.0 $357.0 Atkins, 24% Quest, 65% 3Q25 3Q26 12 1Unaudited financial information for the 13-weeks ended May 30, 2026, and 13-weeks ended May 31, 2025; Note: Dollar amounts
Slide 13: Q3 2026 Profitability Detail
Q3 2026 Profitability Detail Gross Profit (GAAP) 1 Adjusted EBITDA1,2 Net Income (Loss) 1 (Gross Margin) (Adjusted EBITDA Margin) (% of Net Sales) $138.5 $41.1 Includes $82M 36.4% $73.9 10.8% impairment charge 19.4% $116.1 32.5% $57.2 ($52.0) 16.0% -14.6% 3Q25 3Q26 3Q25 3Q26 3Q25 3Q26 1Unaudited fin
Slide 14: Capital Allocation Priorities
Capital Allocation Priorities Maintaining a flexible and prudent capital structure • Net Debt to Adjusted EBITDA ratio1 remains favorable at 1.2x • Allows for financial flexibility in dynamic consumer environment Have returned significant cash to shareholders • Spent roughly $25 million to repurchas
Slide 15: Updated Fiscal Year 2026 Outlook
Updated Fiscal Year 2026 Outlook Prior 2026 Outlook 2026 Outlook Rationale for Change Net Sales Growth 10% to 7% Decline 7% to 6% Decline Reflects Q3 performance Net Sales $ $1.31 to $1.35B $1.345 to $1.355B Gross Margin (GAAP) 300 to 350 bps Decline ~375 bps Decline Driven by input cost inflation,
Slide 16: msiler@simplygoodfoodsco.com
msiler@simplygoodfoodsco.com
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