Revenue: As of FY2026 Q3, the actual value is USD 356.98 M, beating the estimate of USD 332.62 M.

EPS: As of FY2026 Q3, the actual value is USD -0.58, missing the estimate of USD 0.305.

EBIT: As of FY2026 Q3, the actual value is USD -49.18 M.

Third Quarter 2026 Results (Thirteen Weeks Ended May 30, 2026 vs. May 31, 2025)

Net Sales

• Net Sales were $357.0 million, compared to $381.0 million.
  • Atkins net sales were $84,649 thousand, a decrease of 24.6%.
  • Quest net sales were $230,260 thousand, an increase of 1.1%.
  • OWYN net sales were $34,774 thousand, an increase of 3.6%.
  • Total North America net sales were $349,683 thousand, compared to $373,575 thousand.
  • International net sales were $7,300 thousand, compared to $7,381 thousand.

Operational Metrics

• Net Loss was - $52.0 million, compared to net income of $41.1 million.
• Adjusted EBITDA was $57.2 million, a decrease of 22.5% compared to $73.9 million.
• Gross Profit was $116.1 million, a decrease of 16.2%.
• Gross Margin was 32.5%, a decline of 390 basis points.
• Selling and Marketing Expenses were $39.2 million, an increase of 15.9%.
• General and Administrative (G&A) Expenses were $40.5 million, a decrease of 1.9%.
• Loss on Impairment was an $82.0 million non-cash charge.
• Net Interest Expense was $5.1 million, an increase of 20.3%.
• Effective Tax Rate was 5.4%.
• Weighted Average Diluted Shares Outstanding were 89.9 million.

Year-to-Date Third Quarter Fiscal Year 2026 Highlights (Thirty-Nine Weeks Ended May 30, 2026 vs. May 31, 2025)

Net Sales

• Net Sales were $1,023.2 million, a decrease of 5.4% compared to $1,081.9 million.
  • Atkins net sales were $254,636 thousand, a decrease of 22.6%.
  • Quest net sales were $652,045 thousand, an increase of 3.4%.
  • OWYN net sales were $94,091 thousand, a decrease of 5.5%.
  • Total North America net sales were $1,000,772 thousand, compared to $1,059,161 thousand.
  • International net sales were $22,422 thousand, compared to $22,718 thousand.

Operational Metrics

• Net Loss was - $186.4 million, compared to net income of $116.0 million.
• Adjusted EBITDA was $168.4 million, a decrease of 20.5% compared to $211.9 million.
• Gross Profit was $329.0 million, a decrease of 17.6%.
• Gross Margin was 32.2%, a 470-basis point decline.
• Selling and Marketing Expenses were $97.0 million, a decrease of 4.8%.
• General and Administrative (G&A) Expenses were $113.3 million, a decrease of 1.7%.
• Loss on Impairment was a $331.0 million non-cash charge.
• Net Interest Expense was $13.8 million, an 18.4% decrease.
• Effective Tax Rate was 22.1%.
• Weighted Average Diluted Shares Outstanding were 93.7 million.

Balance Sheet and Cash Flow (as of May 30, 2026)

• Cash was $123.9 million.
• Outstanding Principal Balance on Term Loan was $400.0 million.
• Net Debt to Adjusted EBITDA Ratio was 1.2x.
• Cash Flow from Operations (Year-to-Date) was $102.2 million, compared to $133.1 million in the comparable year-ago period.
• Capital Expenditures (Year-to-Date) were $10.1 million.
• Share Repurchases (During the Quarter) amounted to approximately 2.1 million shares for approximately $25 million.

Outlook / Guidance

• The Simply Good Foods Company anticipates fiscal year 2026 net sales to be between $1.345 and $1.355 billion, representing a 6% to 7% year-over-year decline, with gross margins expected to decrease by approximately 375 basis points year-over-year.
• Adjusted EBITDA is projected to be between $220 and $225 million, indicating a -19% to -21% year-over-year change, alongside expected net interest expense of $19 to $21 million and capital expenditures of $20 to $25 million.
• For the fourth quarter of fiscal year 2026, net sales are expected to range from $322 to $332 million, or -10% to -13% year-over-year, and Adjusted EBITDA is anticipated to be between $52 and $57 million, reflecting a -14% to -22% year-over-year change, with an effective tax rate of approximately 25%.