Simply Good Food down after annual sales forecast cut

ReutersApr 9, 2026 12:06 PM

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

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