Simply Good Foods' third quarter 2026 revenue decline of 6.3% was better than feared, leading to a beat on estimates.

Simply Good Foods reported third quarter 2026 net sales of $357.0 million, a 6.3% year-over-year decline, and adjusted EPS of $0.42. These results came in ahead of analyst expectations for both revenue and earnings, though profitability metrics declined from the prior year.

Key Highlights

• Net sales decreased 6.3% to $357.0 million, driven by a 24.6% decline in the Atkins brand, which was partially offset by modest growth in Quest (+1.1%) and OWYN (+3.6%).
• Adjusted Diluted EPS of $0.42 fell from $0.51 in the prior-year period but exceeded consensus estimates, while Adjusted EBITDA decreased 22.5% to $57.2 million.
• The company updated its full-year 2026 outlook, now expecting a net sales decline of 6% to 7% and an Adjusted EBITDA decline of 19% to 21%.
• A non-cash impairment charge of $82.0 million was recognized related to Goodwill and the Atkins and OWYN brand intangible assets, contributing to a reported net loss of $52.0 million.