Simply Good Foods (NASDAQ:SMPL) Announces Earnings Results

Simply Good Foods (NASDAQ:SMPL) announced its quarterly earnings data on Thursday. The financial services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07, FiscalAI reports. Simply Good Foods had a positive return on equity of 9.72% and a negative net margin of 7.46%.The business had revenue of $356.98 million during the quarter, compared to the consensus estimate of $332.99 million. During the same period in the previous year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis.

Here are the key takeaways from Simply Good Foods’ conference call:

• Third-quarter results beat expectations, with net sales of $357 million and adjusted EBITDA of $57.2 million coming in ahead of management’s outlook even though both declined year over year.
• Atkins remained the biggest drag, with net sales down about 24% and household penetration falling, which management blamed on weak marketing support and distribution losses.
• Quest showed mixed performance: household penetration improved and chips/milkshakes grew well, but the core bar business was weak and management said re-accelerating bars is the top priority.
• OWYN continues to face disruption from a prior product quality issue and poor execution, and management expects distribution losses to continue for 6 to 12 months while it resets the brand around core products.
• The company raised prices and trimmed full-year guidance, announcing a high single-digit September price increase to offset protein, packaging and freight inflation, while lowering fiscal 2026 sales and EBITDA outlooks and maintaining a turnaround-focused capital allocation approach.

Simply Good Foods Stock Up 1.3%

Shares of Simply Good Foods stock opened at $13.01 on Friday. Simply Good Foods has a 1 year low of $10.21 and a 1 year high of $34.19. The company has a market cap of $1.18 billion, a P/E ratio of -10.93 and a beta of 0.13. The company has a current ratio of 5.06, a quick ratio of 2.87 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average price of $12.29 and a 200 day moving average price of $15.06.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SMPL. Deutsche Bank Aktiengesellschaft decreased their price target on Simply Good Foods from $16.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, April 10th. DA Davidson raised shares of Simply Good Foods to a “hold” rating in a report on Monday. Sanford C. Bernstein cut shares of Simply Good Foods from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $17.00 to $12.00 in a research note on Wednesday, June 3rd. UBS Group decreased their target price on Simply Good Foods from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, June 2nd. Finally, Stephens reaffirmed an “equal weight” rating and issued a $14.00 price objective (down from $24.00) on shares of Simply Good Foods in a research note on Friday, April 10th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.30.

Key Headlines Impacting Simply Good Foods

Here are the key news stories impacting Simply Good Foods this week:

• Positive Sentiment: SMPL beat quarterly earnings and revenue estimates, which helped drive buying interest after the report. Simply Good Foods shares rise as quarterly earnings, revenue top estimates
• Positive Sentiment: The company raised its fiscal 2026 revenue guidance, signaling management sees some improvement ahead even though the full-year outlook still implies a decline. The Simply Good Foods Company Reports Fiscal Third Quarter 2026 Financial Results and Updates Fiscal Year 2026 Outlook
• Neutral Sentiment: Brokerages continue to rate Simply Good Foods as a “Hold,” suggesting analysts are cautious and see limited near-term upside until fundamentals improve. The Simply Good Foods Company (NASDAQ:SMPL) Receives Consensus Rating of “Hold” from Brokerages
• Neutral Sentiment: Traders also showed unusual options activity in SMPL, which may reflect speculation around the earnings reaction rather than a clear fundamental shift. Options trading activity referenced in market news
• Negative Sentiment: Despite the earnings beat, quarterly sales and profitability still declined year over year, and the company’s updated outlook points to lower full-year sales and EBITDA, highlighting ongoing turnaround challenges. The Simply Good Foods Company Reports Fiscal Third Quarter 2026 Financial Results and Updates Fiscal Year 2026 Outlook
• Negative Sentiment: Commentary from analysts and earnings-call coverage points to brand, distribution, and competition issues that could limit the stock’s upside if the turnaround stalls. Simply Good Foods: Q3 Better Than Feared, But No Need To Chase

Insider Activity

In other Simply Good Foods news, Director Clayton C. Daley, Jr. bought 10,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of $11.78 per share, for a total transaction of $117,800.00. Following the acquisition, the director directly owned 111,743 shares of the company’s stock, valued at approximately $1,316,332.54. This trade represents a 9.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James M. Kilts bought 80,000 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was bought at an average price of $12.39 per share, with a total value of $991,200.00. Following the transaction, the director owned 172,854 shares in the company, valued at approximately $2,141,661.06. This represents a 86.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 8.76% of the company’s stock.

Institutional Investors Weigh In On Simply Good Foods

Several institutional investors have recently made changes to their positions in SMPL. EverSource Wealth Advisors LLC increased its holdings in Simply Good Foods by 125.4% in the second quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock worth $31,000 after buying an additional 538 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Simply Good Foods during the 3rd quarter worth $36,000. Parallel Advisors LLC increased its stake in shares of Simply Good Foods by 167.4% during the 4th quarter. Parallel Advisors LLC now owns 2,126 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,331 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Simply Good Foods during the 4th quarter valued at $59,000. Finally, State of Wyoming acquired a new stake in shares of Simply Good Foods in the 2nd quarter valued at $87,000. 88.45% of the stock is currently owned by institutional investors and hedge funds.

About Simply Good Foods

Simply Good Foods Co (NASDAQ: SMPL) is a North American consumer packaged foods company specializing in better-for-you nutrition products. The company’s portfolio centers on two well-established brands, Atkins and Quest, which offer a range of low-carbohydrate, high-protein bars, powders, shakes, and snacks. Simply Good Foods aims to support consumers’ health and wellness goals by delivering convenient, nutrient-dense options without added sugars or artificial sweeteners.

Under the Atkins brand, the company produces meal replacements, snack bars, and ready-to-drink shakes designed for low-carb dieters.