SMPL

The past six months (April 2026 - October 2026) have seen significant negative impacts on The Simply Good Foods Co.'s stock price. In April 2026, the company reported its second-quarter fiscal 2026 results, disclosing a nearly 17% year-over-year decline in OWYN's sales, a significant $187 million impairment charge on OWYN's intangible assets, and a lowered fiscal 2026 net sales outlook projecting a decline of 7% to 10%, which led to a stock price drop of over 27%. Multiple law firms have filed class-action lawsuits alleging securities fraud against the company and certain officers, claiming misleading statements regarding OWYN's integration and product quality, specifically a pea protein sourcing decision that caused taste, texture, and shelf-life issues, negative consumer feedback, and depressed sales, resulting in cumulative OWYN write-downs of $200 million. Fiscal Q3 results in July 2026 showed a 6.3% year-over-year revenue decline, and management further lowered FY2026 guidance, although adjusted EPS beat consensus estimates. The company is scheduled to report its Q4 2026 earnings on October 27, 2026.