SMPL

The Simply Good Foods Company (SMPL) Q3 2026 Earnings Call Transcript

The Simply Good Foods Company (NASDAQ:SMPL) shares rose nearly 5% after the company reported third quarter fiscal 2026 results that exceeded Wall Street expectations for adjusted earnings and revenue. The company posted adjusted diluted earnings per share of $0.42, beating analyst estimates of $0.35, while quarterly net sales came in at $357 million, ahead of consensus expectations of about $333 million.

The Simply Good Foods Company reported weak fiscal Q3 results. Lower sales, increased input costs that weren't passed onto prices, and increased marketing pressured earnings. SMPL has lost market share due to intense competition in the protein category. The Atkins brand is in an especially concerning position. SMPL's sales performance suggests some sales stabilization, but the outlook is still very turbulent.

Simply Good Foods (SMPL) faces brand relevance and distribution challenges, with Atkins and OWYN underperforming and Quest showing signs of slowdown. Despite a Q3 guidance raise and a positive stock reaction, core portfolio issues remain unaddressed, warranting a Hold rating. Cost-cutting and aggressive buybacks have not resolved fundamental sales velocity and pricing problems, especially as GLP-1 adoption impacts the category.

Simply Good Foods (SMPL) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.51 per share a year ago.

DENVER, July 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 thirty-nine weeks ended May 30, 2026. Third Quarter Summary: (1) Net sales of $357.0 million versus $381.0 million Net loss of $52.0 million versus net income of $41.1 million Loss per diluted share of $0.58 versus earnings per diluted share of $0.40 Adjusted Diluted EPS (2) of $0.42 versus $0.51 Adjusted EBITDA (3) of $57.2 million versus $73.9 million Updating Fiscal Year 2026 (4) Outlook: Net sales expected to range between $1.345 and $1.355 billion, or a decline of roughly 7% to 6% year-over-year Gross margins expected to decline approximately 375 basis points year-over-year Adjusted EBITDA expected to range between $220 and $225 million, or -21% to -19% year-over-year “Our third quarter results reflect initial steps against the turnaround priorities we outlined last quarter.

NEW YORK, July 08, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm  Bleichmar Fonti & Auld LLP announces an investigation into The Simply Good Foods Company (NASDAQ:SMPL) for potential securities fraud after its significant stock drop. If you invested in Simply Good Foods, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/simply-good-foods-class-action-lawsuit.

NEW YORK, July 01, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into The Simply Good Foods Company (NASDAQ:SMPL) for potential securities fraud after its significant stock drop. If you invested in Simply Good Foods, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/simply-good-foods-class-action-lawsuit.

Simply Good Foods Stock Dropped 18% after Expansion Issues Disclosed – Investors Notified to Contact BFA Law about the Securities Fraud Investigation

DENVER, June 18, 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 it will report financial results for the third quarter of Fiscal Year 2026 on Thursday, July 9, 2026. A press release will be issued that morning, followed by a live conference call beginning at 6:30 a.m. Mountain Time (8:30 a.m. Eastern Time). Participating on the call will be Joe Scalzo, President and Chief Executive Officer and Chris Bealer, Chief Financial Officer.