Simply Good Foods Co — Form 8-K
Filed July 9, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 72/100
What the filing says
Simply Good Foods reported Q3 FY2026 net loss of $52.0M (vs. $41.1M income YoY) on net sales of $357.0M, down 6.3% YoY, driven by Atkins brand decline of 24.6%. Company recognized $82M impairment charge in Q3 ($331M YTD). Full-year FY2026 guidance cut: net sales expected $1.345–$1.355B (down 7–6% YoY), Adjusted EBITDA $220–$225M (down 21–19% YoY), and gross margins declining ~375 basis points. Q3 Adjusted EBITDA fell 22.5% to $57.2M. Debt increased to $400M as of May 30, 2026 after $150M borrowing in November 2025; Net Debt/Adj. EBITDA ratio 1.2x.
Why this rating
Material operational deterioration: -$331M impairment (10% of market cap), sharp guidance cuts, major brand decline, margin compression. Meaningful relative to $3.3B cap.
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