The Simply Good Foods Company (SMPL) Earnings Call Transcripts

The Simply Good Foods Company's Latest Earnings Call - Q2 FY2026

In the second quarter of fiscal year 2026, The Simply Good Foods Company (SMPL:US) reported disappointing results, with net sales of $326 million and adjusted EBITDA of $55.5 million, both below expectations. The company has revised its full-year guidance for net sales to a range of $1.31 billion to $1.35 billion and adjusted EBITDA to $217 million to $225 million, reflecting a significant decline from previous forecasts. Management acknowledged execution challenges and indicated a commitment to improving performance through strategic initiatives and cost reductions.

Reported metrics

Guidance from management

Management expects fiscal year 2026 net sales to be in the range of $1.31 billion to $1.35 billion and adjusted EBITDA of $217 million to $225 million, reflecting significant declines from previous expectations. They anticipate continued challenges in the second half of the year.

What management said

Yes, Matt, just in the prepared remarks I just made, I think part of our fundamental issue on our business is that all the household metrics on all of our brands are moving in the wrong direction. I believe that's based upon some of the strategic choices that we've made and the investments that -- the decline in investments that we've made as a total company and within each of the brands. So I think rebuilding the fi...

I think you should be thinking about 10% at this point as the ceiling until we prove that there's ROI justifying more. And then again, I believe that it's more about our choices than it is about competition. I would tell you in this category, if I've learned anything, there is a large percentage of variety seeking protein eaters, and these brands come and go. I've seen probably 3 cycles of them. I'm worried less abou...

What analysts pressed on

Analysts expressed concerns about the sustainability of brand performance, particularly for Atkins and OWYN, given the recent declines in consumption and distribution losses. There are worries about the competitive landscape and whether Simply Good Foods can effectively execute its turnaround strategy.

Main topics on the call

• Disappointing Q2 Performance — Simply Good Foods reported Q2 net sales of $326 million, a decline of 9.4% year-over-year, and adjusted EBITDA of $55.5 million, down 18.4%. Management stated, "We are not pleased with our performance" and recognized exe...
• Revised Fiscal Year Guidance — The company lowered its fiscal year 2026 guidance for net sales to $1.31 billion to $1.35 billion and adjusted EBITDA to $217 million to $225 million. This reflects a decline of 10% to 7% year-over-year, indicating weake...
• Cost Reduction Initiatives — Management announced a major initiative to reduce fixed costs, targeting a total onetime cost of approximately $15 million. This includes reducing staffing and improving efficiency in manufacturing and logistics to enhan...
• Brand Performance Challenges — Atkins consumption declined by 23.4%, driven by distribution losses and reduced marketing investment. Management noted that "the level of marketing support behind the brand declined," impacting consumer recruitment and s...

Read the full The Simply Good Foods Company transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 32 The Simply Good Foods Company earnings call transcripts on record, spanning January 9, 2020 to July 9, 2026. Based on this history, The Simply Good Foods Company reports quarterly. The most recent call on file is dated July 9, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SMPL

Exchange

NasdaqCM

Country

US

Sector

Consumer Staples

Industry

Food Products

Calls on record

32

First call

January 9, 2020

Most recent

July 9, 2026

Reporting cadence

quarterly