Overview
- Simply Good Foods reported quarterly revenue of $326 million, down 9.4% from a year ago and below both Wall Street’s roughly $346–$347 million view and the company’s prior range.
- Management cut full-year net sales guidance to $1.31 billion to $1.35 billion and projected Q3 revenue of $329 million to $338 million, far short of analysts’ $379.8 million estimate.
- Shares opened about 27% lower at $10.50 after the report, leaving the stock more than 60% below its level a year ago.
- Adjusted earnings per share came in at $0.45, topping the roughly $0.40 consensus but edging under last year’s $0.46.
- CEO Joe Scalzo said the company has begun immediate actions to improve in‑market performance, streamline costs, and protect margins, as analysts hold a mixed view with an average price target of $28.33 and the balance sheet shows low debt and strong liquidity.