The Simply Good Foods Company (SMPL) Releases Q1 2026 Earnings: Revenue Slightly Down, EPS Miss

The Simply Good Foods Company (SMPL) — Q1 2026 Results

Revenue was $340.2 million, down 0.3% year-over-year and below the consensus estimate of $346.1 million. Gross profit declined to $109.9 million, a fall of 15.8% year-over-year, while cost of sales increased 9.3% year-over-year.

Operating profit came in at $37.6 million, down 31.2% year-over-year. Net income attributable to common shareholders was $25.3 million, a decline of 33.7% year-over-year, and diluted earnings per share were $0.26, missing the estimate of $0.36.

Key income statement highlights

Revenue: $340.2 million (down 0.3% year-over-year; vs estimate $346.1 million)

Gross profit: $109.9 million (down 15.8% year-over-year)

Operating profit: $37.6 million (down 31.2% year-over-year)

Net income: $25.3 million (down 33.7% year-over-year)

Diluted EPS: $0.26 (down 31.6% year-over-year; estimate $0.36)

Cash flow and balance sheet

Cash from operating activities: $50.1 million (up 56.4% year-over-year)

Purchases of property, plant and equipment: $2.1 million (increase of 582.7% year-over-year)

Cash and cash equivalents: $194.1 million (up 59.4% year-over-year)

Total liabilities: $716.5 million (up 8.9% year-over-year)

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

The Simply Good Foods Company Insider Trading Activity

The Simply Good Foods Company insiders have traded $SMPL stock on the open market 4 times in the past 6 months. Of those trades, 3 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $SMPL stock by insiders over the last 6 months:

GEOFF E TANNER (President and CEO) purchased 6,050 shares for an estimated $200,297
CHRISTOPHER J BEALER (Chief Financial Officer) purchased 9,946 shares for an estimated $199,019
TIMOTHY ALLEN MATTHEWS (VP, Controller and CAO) sold 5,859 shares for an estimated $114,053
MICHAEL L CLAWSON (Chief Commercial Officer) purchased 5,000 shares for an estimated $100,000

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

The Simply Good Foods Company Hedge Fund Activity

We have seen 158 institutional investors add shares of The Simply Good Foods Company stock to their portfolio, and 161 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC removed 4,217,827 shares (-37.7%) from their portfolio in Q3 2025, for an estimated $104,686,466
WELLINGTON MANAGEMENT GROUP LLP removed 3,395,469 shares (-63.6%) from their portfolio in Q3 2025, for an estimated $84,275,540
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 1,926,410 shares (-42.8%) from their portfolio in Q3 2025, for an estimated $47,813,496
JANE STREET GROUP, LLC added 1,624,587 shares (+347.0%) to their portfolio in Q3 2025, for an estimated $40,322,249
MARSHALL WACE, LLP added 1,282,221 shares (+inf%) to their portfolio in Q3 2025, for an estimated $31,824,725
MILLENNIUM MANAGEMENT LLC added 1,032,358 shares (+482.7%) to their portfolio in Q3 2025, for an estimated $25,623,125
BOSTON PARTNERS removed 1,006,498 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $24,981,280

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

The Simply Good Foods Company Price Targets

Multiple analysts have issued price targets for $SMPL recently. We have seen 4 analysts offer price targets for $SMPL in the last 6 months, with a median target of $29.0.

Here are some recent targets:

Alexia Howard from Bernstein set a target price of $31.0 on 12/19/2025
John Baumgartner from Mizuho set a target price of $35.0 on 11/12/2025
Peter Grom from UBS set a target price of $23.0 on 10/24/2025
Kaumil Gajrawala from Jefferies set a target price of $27.0 on 10/22/2025