SMPL INVESTIGATION: Simply Good Foods Securities Fraud Investigation into Expansion Issues is Ongoing – Contact BFA Law if You Lost Money
Bleichmar Fonti & Auld LLP announced an investigation into The Simply Good Foods Company concerning potential securities fraud related to its distribution expansion and product quality issues. The firm cites an 18% stock drop in April after the company reported a 9.4% decline in Q2 sales and cut full-year guidance.
Key figures
- Revenue
- $326 million
- Guidance
- - 10% to - 7% year-over-year
- Revenue Yoy
- -9.4%
- Stock decline
- 18.11%
- Impairment charge
- $249 million
AI analysis
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