earnings
confidence high
sentiment negative
materiality 0.80
Simply Good Foods reports Q3 net loss of $52M; Atkins sales down 24.6%; cuts FY2026 outlook
Simply Good Foods Co
- Net sales $357M, down 6.3% YoY; net loss $52M vs net income $41.1M; adjusted EPS $0.42 vs $0.51.
- Atkins brand sales declined 24.6%; Quest up 1.1%, OWYN up 3.6%.
- Recorded $82M non-cash impairment charge on goodwill and intangible assets (Atkins, OWYN) in Q3.
- FY2026 net sales guidance cut to $1.345-1.355B (down ~6-7% YoY); adjusted EBITDA $220-225M (down ~19-21%).
- Q3 adjusted EBITDA $57.2M, down 22.5% YoY; gross margin 32.5%, down 390 bps.