Simply Good Foods Co (SMPL) Form 8-K — Jul 9, 2026
The Simply Good Foods Company reported a fiscal third-quarter net loss of $52.0 million, a sharp reversal from $41.1 million in net income during the same period last year, driven by a 6.3% decline in net sales to $357.0 million. The results were heavily impacted by a 24.6% sales decline for its Atkins brand due to distribution losses and higher input costs, which compressed gross margins by 390 basis points year-over-year. The company recognized an $82.0 million non-cash impairment charge in the quarter, bringing the year-to-date total to $331.0 million, primarily related to Goodwill and the Atkins and OWYN brand intangible assets.
Key figures
- Revenue
- 356983000
- Guidance
- FY2026 Net Sales $1.345-$1.355B (-7% to -6% YoY); Adjusted EBITDA $220-$225M (-21% to -19% YoY)
- Total Debt
- 400000000
- Cash Position
- 123884000
- Gross Margin
- 32.5
- Adjusted Ebitda
- 57241000
- Repurchase Cost
- 25000000
- Impairment Charge
- 82000000
- Shares Repurchased
- 2100000
- Ytd Impairment Charge
- 331000000
Price after filing
Close on the filing date to close N calendar days later (from $13.17). Historical, not a forecast.
AI analysis
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