Quarterly ResultJul 9, 2026, 08:33 AM
Simply Good Foods Reports Q3 Net Loss of $52.0M; $331M Impairment
AI Summary
Simply Good Foods Co. reported a significant net loss of $52.0 million for the thirteen weeks ended May 30, 2026, a sharp decline from a net income of $41.1 million in the same period last year. This loss was primarily driven by a substantial $331.0 million impairment charge, including $38.0 million for goodwill and $293.0 million for intangible assets related to the OWYN and Atkins brands. Net sales also decreased by 6.3% to $357.0 million. The company increased its long-term debt by $147.9 million and repurchased $213.2 million in common stock.
Key Highlights
- Reported a net loss of $52.0 million for the thirteen weeks ended May 30, 2026, compared to a net income of $41.1 million in the prior year.
- Incurred a total impairment loss of $331.0 million for the thirty-nine weeks ended May 30, 2026.
- Goodwill impairment was $38.0 million, and intangible asset impairment was $293.0 million (OWYN $200.0M, Atkins $93.0M).
- Net sales decreased by 6.3% to $357.0 million for the thirteen weeks ended May 30, 2026.
- Diluted EPS was $(0.58) for the thirteen weeks ended May 30, 2026, down from $0.40 in the prior year.
- Long-term debt increased to $397.0 million as of May 30, 2026, from $249.1 million at August 30, 2025.
- Repurchased $213.2 million of common stock during the thirty-nine weeks ended May 30, 2026.
- Net cash provided by operating activities decreased to $102.2 million for the thirty-nine weeks ended May 30, 2026, from $133.1 million.
Price Impact
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