Quarterly ResultJul 9, 2026, 07:07 AM

Simply Good Foods Q3 Net Sales $357M; Net Loss $52M; FY26 Outlook Cut

AI Summary

Simply Good Foods reported a challenging fiscal third quarter 2026, with net sales decreasing 6.3% to $357.0 million and a net loss of $52.0 million, compared to net income of $41.1 million in the prior year. Adjusted EBITDA also declined 22.5% to $57.2 million. The company recognized an $82.0 million non-cash impairment charge related to Goodwill and brand intangible assets. Consequently, Simply Good Foods updated its fiscal year 2026 outlook, projecting net sales to decline by 6-7% and Adjusted EBITDA to decrease by 19-21% year-over-year.

Key Highlights

Q3 Net sales decreased 6.3% to $357.0 million.
Q3 Net loss was $52.0 million, compared to net income of $41.1 million year-over-year.
Q3 Loss per diluted share was $0.58, compared to earnings of $0.40 year-over-year.
Q3 Adjusted EBITDA decreased 22.5% to $57.2 million.
FY2026 Net sales outlook updated to $1.345-$1.355 billion, a 6-7% decline.
FY2026 Adjusted EBITDA outlook updated to $220-$225 million, a 19-21% decline.
Recognized an $82.0 million non-cash impairment charge in Q3.
Repurchased 2.1 million shares for approximately $25 million during the quarter.

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SMPL

Packaged Foods

Simply Good Foods Co

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