The Simply Good Foods Company NASDAQ: SMPL

Investors who purchased or otherwise acquired The Simply Good Foods Company (NASDAQ: SMPL) common stock between October 24, 2024 and April 8, 2026 (the “Class Period”) have until October 13, 2026 to seek appointment as lead plaintiff. Simply Good Foods sells consumer packaged foods and snacking products under its various brands.

The complaint alleges that defendants failed to disclose that: (i) Simply Good Foods had lost key managerial personnel following its approximately $280 million acquisition of Only What You Need, Inc. (“OWYN”), impairing the acquisition's integration; (ii) the Company had materially increased general and administrative spending to compensate for that personnel loss, leading to a bloated organizational structure; (iii) a new pea protein supplier for OWYN formulations had created significant product quality issues affecting taste, texture, and shelf-life, leading to negative reviews, depressed sales, and lost distributor relationships; (iv) Simply Good Foods had increased discounting and promotional activity for OWYN above historical practice, eroding margins without achieving a sales turnaround; (v) the Company had cut brand support and marketing for OWYN to stem the margin erosion, further depressing sales; and (vi) as a result, the OWYN acquisition had largely failed to achieve its strategic goals.

On October 23, 2025, Simply Good Foods reported fourth-quarter fiscal 2025 results revealing an OWYN sales slowdown. On the earnings call, CEO Geoff E. Tanner disclosed that a “raw material sourcing decision for pea protein” had “resulted in taste and texture issues” as products aged. The Company also guided fiscal 2026 net sales to a range of -2% to +2%, down sharply from 9% growth in fiscal 2025. On this news, Simply Good Foods stock fell more than 17%. Then, on April 9, 2026, the Company reported second-quarter 2026 results showing OWYN sales down nearly 17% year-over-year, a $187 million impairment charge against OWYN's intangible assets, and a slashed 2026 outlook of -7% to -10%. On this news, the stock fell more than 27% over a two-day period.