SMPL
The Simply Good Foods Company19.11
-0.19-0.98%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
1.92BP/E (TTM)
18.74Basic EPS (TTM)
1.02Dividend Yield
0%Recent Filings
8-K
Scalzo joins board; 2025 plan approved
Simply Good Foods appointed Joseph E. Scalzo to its board on January 28, 2026, filling the vacancy left by Geoff E. Tanner's January 18 departure, tied to Scalzo's employment agreement. Stockholders approved the 2025 Incentive Plan, replacing the 2017 plan with a 6.3M share pool. Smooth governance refresh.
8-K
Scalzo reclaims CEO role
Simply Good Foods ousted CEO Geoff Tanner on January 18, 2026, installing veteran Joe Scalzo as President and CEO effective January 19. Scalzo, prior CEO through 2023, snags $1.1M salary, 150% target bonus, and options on 2M shares at $20.93—vesting over three years. Tanner pockets $3.5M severance plus accelerated RSUs; Scalzo joins board January 28. Leadership reboot eyes growth revival.
8-K
Q1 sales flat, margins slip
Simply Good Foods reported Q1 net sales of $340.2M, down 0.3% year-over-year, with Quest up 9.6% offsetting Atkins' 16.5% drop and OWYN's 3.3% dip from prior quality issues. Gross margin shrank 590bps to 32.3% on input inflation and tariffs, yet Adjusted EBITDA hit $55.6M. Board boosted share repurchase program by $200M; full-year outlook reaffirmed. Debt stays low at 0.8x.
10-Q
Q1 FY2026 results
Net sales held nearly flat at $340.2M, down 0.3% y/y, as Quest surged 9.6% to $210.3M on volume gains while Atkins dropped 16.5% to $90.3M from distribution losses. Gross margin shrank 590bps to 32.3% on higher commodity costs and tariffs, trimming operating income 31.2% y/y to $37.6M; diluted EPS fell to $0.26 from $0.38, matching 99.1M diluted shares. Cash doubled to $194.1M on $50.1M operating cash flow, funding $99.6M stock buybacks and $150M term debt raise to $400M (5.9% rate, due 2030). Free cash flow hit $48.0M (derived). Debt covenants met. Quest carries the load.
8-K
Secures $150M incremental term loans
Simply Good Foods secured $150M in incremental term loans on November 19, 2025, extending revolving maturities to December 16, 2029, and term maturities to March 17, 2030. SOFR loans now carry a 2.00% margin with a 0.00% floor; proceeds fund working capital, growth capex, and stock repurchases. Lenders extended terms despite non-consenting holdouts.
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