New York, October 8th / PRNewswire / — Pomerantz LLP indicates that a class action lawsuit has been filed against The Simply Good Foods Company ("Simply Good Foods" or "the Company") (Nasdaq ticker: SMPL). The exchange advises investors to contact Danielle Peyton, whose email is [ email protected ], the phone number is 646-581-9980, or for free calls, call 888.4- POMLAW extension 7980. Those consulting via email are advised to attach their mailing address, phone number, and the quantity of stocks purchased.

This class action involves whether Simply Good Foods and some of its senior executives and/or directors have engaged in securities fraud or other illegal business practices.

If you purchased or acquired Simply Good Foods securities during the class action period, you must request the court to appoint you as the lead plaintiff of the class action by October 13, 2026. Copies of the complaint are available at www.pomerantzlaw.com Obtain.

[Click here to learn about joining the class action.]

On October 23, 2025, Simply Good Foods released its financial results for the fourth quarter and the full year ending August 30, 2025, revealing that sales growth in its OWYN business segment had actually slowed down. During the subsequent earnings conference call, CEO Geoff E Tanner stated that there was a decline in end-consumer demand for OWYN brand products due to previously undisclosed product quality issues. Tanner explained in detail that a "pea protein raw material procurement decision" was made before the completion of the OWYN acquisition but was implemented shortly thereafter. As the products aged, this led to "taste and texture problems," which in turn resulted in negative product ratings and reviews, and dragged down OWYN sales.

Simply Good Foods also provided disappointing guidance for net sales in fiscal year 2026, with a range of a 2% decrease to a 2% increase, which represents a slowdown of at least 75% compared to the 9% net sales growth reported in its fiscal year 2025 report.

Affected by this news, the stock price of Simply Good Foods fell by $4.33 on October 23, 2025, a decrease of 17.35%, closing at $20.63 per share.

Subsequently, on April 9, 2026, Simply Good Foods announced its financial results for the second quarter of fiscal year 2026, revealing that OWYN's sales volume for that quarter had contracted by nearly 17% year-on-year. The company further disclosed that it had provided for a impairment of $187 million on the intangible assets of the OWYN brand and significantly lowered its net sales forecast for 2026 to a decrease of 7% to 10%.

Affected by this news, the stock price of Simply Good Foods fell by $2.61 on April 9, 2026, a decrease of 18.11%, closing at $11.80 per share.

Pomerantz LLP has offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, and is recognized as one of the top law firms in the fields of corporate law, securities law, and class action litigation. The firm was founded by the late Abraham L Pomerantz, who is known as the "dean" of the class action litigation community and pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues this tradition, fighting for the rights of victims of securities fraud, breach of fiduciary duty, and corporate misconduct. The firm has secured millions of dollars in compensation on behalf of its class members. For more details, please see www.pomlaw.comMandatory requirements:

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