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The Simply Good Foods Company Reports Fiscal Fourth Quarter and Full Fiscal Year 2026 Financial Results and Provides Fiscal Year 2027 Outlook

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  • Simply Good Foods reported Q4 2026 net sales of $333.3 million, a 9.7% decrease from the prior year period.
  • The company recorded a net income of $30.5 million in Q4 2026 compared to a net loss of $12.4 million in the comparable prior year period.
  • Diluted EPS for Q4 2026 was $0.34, contrasting with a loss of $0.12 per share in the prior year.
  • Adjusted EBITDA for Q4 2026 declined 13.2% to $57.5 million from $66.2 million in the prior year.
  • Full-year 2026 net sales totaled $1,356.5 million, a 6.5% decrease year-over-year driven by declines in Atkins & OWYN partially offset by Quest growth.
  • Fiscal 2026 resulted in a net loss of $155.9 million due to a $331.0 million non-cash impairment charge on goodwill & brand intangibles.
  • The company anticipates Q1 2027 net sales to decline between 19% and 22% year-over-year.
  • Full-year 2027 net sales are expected to decrease between 13% and 17% year-over-year.
  • Adjusted EBITDA for full-year 2027 is projected to decline between 9% and 14% year-over-year.
  • GAAP gross margins for 2027 are forecast to increase by 250 to 300 basis points year-over-year despite lower sales volumes.
  • Retail takeaway for the fourth quarter decreased approximately 8%, with significant declines noted for Atkins & OWYN.
  • Gross profit in Q4 2026 fell 10.5% due to volume declines, higher input costs, & restructuring expenses.
  • General & administrative expenses decreased 24.8% in Q4 2026, reflecting lower integration costs compared to the prior year.
  • Net interest expense increased 28.7% in Q4 2026 to $4.7 million due to a higher outstanding debt balance.
  • Cash flow from operations for the full year 2026 was approximately $181.0 million.
  • The company ended fiscal 2026 with $138.4 million in cash & a Net Debt to Adjusted EBITDA ratio of 0.9x.
  • CEO Joe Scalzo stated the company is executing a turnaround plan focused on cost structure improvement & marketing reinvestment.