Simply Good Food down after annual sales forecast cut

Simply Good Foods Co

09/04/2026 13:06

** Simply Good Food SMPL.O shares about 21% at $11.41 premarket

** Packaged food and beverage company cuts annual net sales forecast, hurt by slowdown in consumer demand and weaker brand momentum for Atkins and OWYN

** SMPL now expects FY26 sales at $1.31 billion - $1.35 billion, a decline between 10% and 7% year-on-year, below its previous forecast range of between 2% fall and 2% rise

** Analysts' on an average pegged full year sales at $1.45 billion - LSEG data

** Q2 net sales of $326 million lagged analysts' estimates of $345.6 million

** Q2 gross profit of $103.0 million was a 20.8% decline from a year ago due to inflation, most notably in cocoa, and tariffs

** However, co reports adjusted earnings per share of 45 cents, beating estimates of 39 cents

** Up to last close, stock down 28.24% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))