Q3 2026 Simply Good Foods Co Earnings Call Transcript
Key Points
- Quest and OWYN brands showed slight sales growth, with Quest chips and milkshakes performing particularly well.
- The company is focusing on strengthening its economic foundation by improving cost structure and rebuilding margins.
- Simply Good Foods Co (SMPL) is revamping its brand-building capabilities through stronger consumer insights and more effective marketing.
- The company maintains a strong balance sheet and substantial financial flexibility, allowing for strategic investments.
- Simply Good Foods Co (SMPL) operates in an attractive category supported by long-term consumer trends around health, wellness, and convenient nutrition.
- Net sales declined by 6.3% to $357 million, and adjusted EBITDA fell by 22.5% to $57.2 million.
- Gross margin declined by 390 basis points to 32.5%, impacted by higher input costs and restructuring expenses.
- Atkins brand experienced a significant decline in net sales by 24.6% due to declining household penetration and insufficient marketing support.
- OWYN faced distribution losses due to a product quality issue and ineffective marketing execution.
- The company is experiencing significant cost inflation, necessitating a high single-digit price increase across most of its portfolio.
Greetings, and welcome to the Simply Good Foods Company third-quarter fiscal 2026 earnings call. (Operator Instructions)
As a reminder, this conference is being recorded. I would now like to turn the call over to your host, Matt Siler, Vice President, Investor Relations and Treasury. Please go ahead.
Thank you, operator. Good morning, and welcome to the Simply Good Foods Company's third-quarter fiscal year 2026 earnings call for the period ended May 30, 2026. I'm joined this morning by President and CEO, Joe Scalzo; and Chris Bealer, Chief Financial Officer.
A copy of our earnings release and accompanying presentation is available on the Investors section of the company's website at thesimplygoodfoodscompany.com. This call is being webcast and an archive of today's remarks will be made available.
During today's call, management will make forward-looking statements, which are subject to various risks and uncertainties that may cause actual results to
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