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Nov 29, 2025
Simply Good Foods Q1 2026 Earnings Report
The Simply Good Foods Company reported Q1 2026 results with flat revenue, reduced margins, and lower profitability compared to the prior year.
Key Takeaways
The company delivered slightly better-than-expected results despite modest declines in revenue and profit. Quest and OWYN drove consumption growth, while Atkins underperformed. Gross margin was impacted by input inflation and tariffs. The company reaffirmed its full-year outlook.
Revenue remained nearly flat year-over-year at $340.2M.
Net income declined to $25.3M, down from $38.1M the previous year.
Quest and OWYN saw double-digit consumption growth despite sales headwinds.
Gross margin dropped significantly due to inflation and tariffs.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company reaffirmed its FY26 outlook, expecting stronger performance in the second half, driven by Quest and OWYN momentum and margin rebuilding initiatives.
Positive Outlook
- Full-year revenue expected to range from -2% to +2%.
- Gross margin expected to improve in the second half of FY26.
- Adjusted EBITDA expected to grow in the second half of the year.
- Increased marketing spend anticipated to support Quest and OWYN growth.
- Long-term growth strategy remains focused on high-protein, low-sugar products.
Challenges Ahead
- Gross margin expected to decline by 100–150 bps YoY for the full year.
- Adjusted EBITDA expected to be down -4% to +1% YoY.
- First half performance expected to be weaker, especially in Q2.
- Atkins continues to face challenges, with lower demand.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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