Kaplan Fox Seeks Lead Plaintiff in Simply Good Foods Case by Oct. 13

Kaplan Fox is seeking investors in The Simply Good Foods Company (NASDAQ: SMPL) to seek appointment as lead plaintiff in a proposed securities class action, with an Oct. 13, 2026, deadline to seek appointment as lead plaintiff. The case covers investors who acquired SMPL shares from Oct. 24, 2024, through April 8, 2026.

The lawsuit alleges that Simply Good Foods failed to disclose problems involving the integration and performance of its OWYN brand. The allegations include product-quality issues linked to a new pea-protein supplier, including taste, texture and shelf-life concerns. The lawsuit also alleges that increased promotions weakened margins and reduced brand support hurt sales.

Simply Good Foods completed its acquisition of OWYN parent Only What You Need, Inc. on June 13, 2024.

For the 13 weeks ended Feb. 28, 2026, Simply Good Foods posted net sales of $326.0 million and a net loss of $159.7 million. OWYN sales declined 16.8% from a year earlier.

The company recorded an aggregate $249.0 million noncash impairment charge for intangible assets related to its Atkins and OWYN brands. The company’s filing did not specify an OWYN-only amount.

Simply Good Foods lowered its fiscal 2026 net-sales outlook to $1.31 billion-$1.35 billion, representing a projected 7%-10% year-over-year decline.

“I want to make it quite clear that we are not satisfied with our current performance,” Joe Scalzo, president and chief executive officer of Simply Good Foods, said in the April 9 results release.

Investors do not need to seek lead-plaintiff status to participate in any potential recovery. The deadline to seek appointment as lead plaintiff is Oct. 13, 2026.