Short answer
Simply Good Foods Co (SMPL) filed its Q1 2026 10-Q quarterly report on Apr 9, 2026 for the quarter ended Feb 28, 2026. Quarterly revenue was $326M (down 9.4% year over year) with net income of −$160M.
Q1 2026 key financials · XBRL
- Revenue
- $326M
- −9.4% YoY · −4.2% QoQ
- Net income
- −$160M
- −534.6% YoY · −732.0% QoQ
- Operating margin
- -65.4%
- Gross margin
- 31.6%
- EPS (diluted)
- −$1.67
- −563.9% YoY · −742.3% QoQ
Source: XBRL data from the Simply Good Foods Co (SMPL) Q1 2026 10-Q on SEC EDGAR. USD.
Simply Good Foods Co Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $326.0M vs $359.7M, down 9.4% YoY, driven by Atkins distribution and OWYN velocity declines
- Gross margin 31.6% vs 36.2% YoY; Adjusted EBITDA margin 17.0% vs 18.9%
- Quest volume-driven growth best performer; Atkins worst, with distribution-related declines
- $249.0M impairment charges, including $187.0M OWYN and $62.0M Atkins
- Near-term headwinds: commodities, tariffs, inflation, supply-chain challenges, and consumer uncertainty; pricing and productivity benefits expected during fiscal year
Risk Factors
- Share-repurchase liquidity deployment: $91.5 million used during the quarter
- Regulatory exposure: 1% excise tax applies to net share repurchases under the Inflation Reduction Act
- Executive-transition risk: CEO Joseph E. Scalzo employment agreement dated January 19, 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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