Simply Good Foods

Q3 FY2026 EarningsQ3 FY26 results beat revenue expectations at $357M vs. $332.6M consensus, driven by resilient Quest and OWYN growth, though Atkins saw a significant 24.6% YoY decline. Despite the top-line beat, a massive $82M non-cash impairment charge led to a GAAP net loss and a miss on GAAP EPS ($ -0.58 actual vs. $0.30 expected). Management updated FY26 guidance, forecasting a 6-7% revenue decline and a 375 bps gross margin compression, signaling ongoing execution headwinds in the turnaround phase.