Simply Good Foods

Madison Small Cap Fund said The Simply Good Foods Company has been hampered by cost inflation, Atkins brand rationalization and integration challenges from the OWYN acquisition. While Quest had previously sustained growth, a recent slowdown in the core Quest protein bar business and a loss of confidence in management leading to a leadership change prompted the fund to sell its position. The stock has fallen sharply, down about 63% over the past 52 weeks, and the fund prefers reallocating to better opportunities. » Altro su finance.yahoo.com

The stock of Simply Good Foods rose about 15.3% in premarket trading after a better-than-expected third quarter. Adjusted earnings per share were $0.42 (consensus ~ $0.35) and revenue was $357.0m (forecast ~ $332.9m). The company raised its 2026 revenue forecast to $1.35–1.36bn, although the Q4 outlook was slightly below expectations; CEO Joe Scalzo said there were early signs of progress in the turnaround. Brand mix: moderate growth at Quest, sharp distribution-driven decline at Atkins. » Altro su de.investing.com

Simply Good Foods reported a net loss of $52.0m for the quarter ended May 30, on revenue of $357.0m (‑6.3%). Drivers included a sales decline at Atkins (‑24.6%), lower shipment volumes, higher input costs and $6.2m of restructuring charges. Adjusted EBITDA fell to $57.2m; a non‑cash impairment of $82.0m was also recorded against goodwill and brand assets. For 2026, the company cut its revenue guidance to $1.345–1.355bn and adjusted EBITDA to $220–225m; gross margin is expected to decline by about 375 basis points. At quarter end, cash and cash equivalents were $123.9m and debt was $400.0m; year‑to‑date impairments totaled $331.0m and roughly 2.1m shares were repurchased for $25m. » Altro su de.investing.com