SMPL Shareholder Alert: October 13, 2026 Lead Plaintiff Deadline in The Simply Good Foods Company Securities Class Action - Contact SueWallSt
SueWallSt, the investor-rights platform powered by Levi & Korsinsky, issued a shareholder alert publicizing an October 13, 2026 lead plaintiff deadline in a securities class action against Simply Good Foods (NASDAQ: SMPL) pending in the Southern District of New York. The class period runs from October 24, 2024 to April 8, 2026, and the complaint alleges management misled investors about a pea protein sourcing change at the OWYN brand that caused taste, texture, and shelf-life failures, culminating in a nearly 17% Q2 2026 OWYN sales contraction and a $187 million impairment within a cumulative $200 million write-down on a $280 million acquisition.
Key figures
- Court
- U.S. District Court, Southern District of New York
- Class period
- October 24, 2024 to April 8, 2026
- Owyn purchase price
- $280 million (June 2024)
- Stock price decline
- more than 27% ($3.97) over two trading days, April 8-10, 2026
- Gross margin vs target
- middle 30s vs target near 40%
- Owyn q2 2026 sales yoy
- contracted nearly 17%
- Lead plaintiff deadline
- October 13, 2026
- Owyn impairment q2 2026
- $187 million
- Fy2026 net sales outlook
- negative 7% to negative 10%
- Cumulative owyn impairment
- $200 million (over 70% of purchase price)
- Original fy2025 owyn sales guidance
- $135 million to $145 million (projected +20% to +30%)
AI analysis
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