10-Q · April 9, 2026
Simply Good Foods reported a revenue decline to $326.0M for the quarter (thirteen weeks ended February 28, 2026) and a large non-cash impairment that pushed the company to a GAAP operating loss of $213.3M and a diluted…
Earnings analysis · 10-Q
SMPL earnings analysis
Filed July 9, 2026 · Our reading of the company's report
The latest report
Simply Good Foods reported a challenging Q3 fiscal 2026, with a 6.3% decrease in revenue to $357 million from $381 million in Q3 fiscal 2025, and a significant net loss of $51.97 million compared to a profit of $41.1…
Read full summary
Simply Good Foods reported a challenging Q3 fiscal 2026, with a 6.3% decrease in revenue to $357 million from $381 million in Q3 fiscal 2025, and a significant net loss of $51.97 million compared to a profit of $41.1 million in the prior year. Gross margins fell 390 basis points to 32.5% driven by higher input costs, and an impairment charge totaled $82 million, exacerbating overall losses for the period.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-1.73
What stood out
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Revenue Decline
Net sales dropped to $357 million in Q3 2026 from $381 million in Q3 2025, a decrease of 6.3%.
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Significant Net Loss
The company posted a net loss of $51.97 million, a dramatic downturn from a net income of $41.1 million in Q3 2025.
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Impairment Losses
An impairment charge of $82 million was recorded this quarter due to goodwill and intangible asset assessments.
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Operating Expenses Surge
Total operating expenses rose to $165.96 million, up 109.6% from $79.20 million a year earlier, largely due to restructuring and impairment costs.
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Adjusted EBITDA Impact
Adjusted EBITDA decreased to $57.24 million, down 22.5% compared to $73.85 million in Q3 2025.
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Cash Position Maintained
The company ended the quarter with $123.9 million in cash, sufficient to cover its operational needs.
What to watch
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Increased Operating Expenses
Operating expenses hit $165.96 million, largely driven by higher restructuring and impairment costs which could pressure future profitability.
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Weak Segment Performance
Distribution-related declines especially in the Atkins segment led to decreased revenues, raising concerns over brand performance.
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Supply Chain and Inflation Pressures
Ongoing global inflation and supply chain challenges threaten to further squeeze margins and sales performance.
Management's outlook
FY2026 net sales guidance adjusted to a decline of 6%-7% year-over-year, reflecting ongoing brand challenges.
Earlier filings 4
10-K · October 28, 2025
Simply Good Foods reported fiscal 2025 net sales of $1,450,920,000 (up $119.6M or 9.0% vs prior year) driven by Quest and OWYN volume growth, but gross margin compressed to 36.2% (down 220 bps) and the company recorded…
10-Q · June 27, 2024
Simply Good Foods reported quarterly net sales of $334,757,000, up $9,965,000 (3.1%) versus $324,792,000 a year ago, with gross profit increasing to $133,626,000 and diluted EPS rising to $0.41 from $0.35. Gross margin…
10-Q · April 4, 2024
The Simply Good Foods Company reported Q2 results showing a modest revenue of $312.2 million, a 5.3% increase year-over-year, but slightly missing consensus estimates. Gross margin improved slightly to 37.4%, although…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.