The Simply Good Foods Company Reports Fiscal Second Quarter 2026 Financial Results

The Simply Good Foods Company reported its financial results for the fiscal second quarter ended February 28, 2026. Net sales decreased by 9.4% to $326.0 million, driven by declines in Atkins and OWYN brands, partially offset by Quest. The company reported a net loss of $159.7 million, compared to a net income of $36.7 million in the prior year. This loss includes a $249.0 million non-cash impairment charge related to the Atkins and OWYN brands. Adjusted EBITDA decreased by 18.4% to $55.5 million. The company is updating its fiscal year 2026 outlook, expecting net sales between $1.31 and $1.35 billion, a year-over-year decline of 7% to 10%. Gross margins are expected to decline by 300 to 350 basis points, and Adjusted EBITDA is projected to be between $217 and $225 million, a year-over-year decrease of 19% to 22%. The company cited challenging market conditions, increased input costs, and the need to rebuild brand investment as reasons for the revised outlook. The CEO expressed dissatisfaction with current performance and outlined priorities to strengthen the business model, ensure strategic consistency, and improve marketing execution.