Simply Good Foods Q3 2026 Earnings Call: Complete Transcript

Simply Good Foods (NASDAQ: SMPL ) held its third-quarter earnings conference call on Thursday.

Below is the complete transcript from the call.

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For comprehensive financial data and transcripts, visit The full earnings call is available at Summary Simply Good Foods Co reported third-quarter net sales of $357 million, a decline of 6.3% year-over-year, with adjusted EBITDA down 22.5% to $57.2 million.

Quest and Owen brands saw slight sales growth, but Atkins sales declined 24.6% due to reduced marketing support, leading to ongoing household penetration challenges.

The company announced a high single-digit price increase effective in September to offset inflation, particularly for proteins and packaging.

Strategic focus is on improving execution, strengthening economic foundations, and rebuilding brand investment, particularly for Quest and Atkins.

Management remains confident in the long-term attractiveness of the purposeful nutrition category and is focused on addressing execution-driven challenges.

Full Transcript OPERATOR Greetings and welcome to the Simply Good Foods Co. third quarter fiscal 2026 earnings call.

At this time, all participants are in a listen-only mode.

A question and answer session will follow the formal presentation.

If anyone should require operator assistance during the conference, please press Star-0 on your telephone keypad.

As a reminder, this conference is being recorded.

I would now like to turn the call over to your host, Matt Seiler, Vice President, Investor Relations and Treasury.

Please go ahead.

Matt Seiler, Vice President, Investor Relations and Treasury Thank you, operator.

Good morning and welcome to the Simply Good Foods Company's third quarter fiscal year 2026 earnings call for the period ended May 30, 2026.

I'm joined this morning by President and CEO Joe Scalzo and Chris Bueller, Chief Financial Officer.

A copy of our earnings release and accompanying presentation is available on the Investors section of the company's website at thesimplygoodfoodscompany.com.

This call is being webcast and an archive of today's remarks will be made available.

During today's call, management will make forward-looking statements which are subject to various risks and uncertainties that may cause actual results to differ materially.

The Company undertakes no obligation to update these statements based on subsequent events.

A detailed listing of such risks and uncertainties can be found in today's press release and in the Company's SEC filings.

On today's call, we will refer to certain non-GAAP financial measures that we believe provide useful information for investors due to the Company's asset-light business model.

We evaluate our performance on an adjusted basis as it relates to EBITDA and diluted EPS.

Please refer to today's press release for a reconciliation of our non-GAAP financial measures to their most comparable measures prepared in accordance with GAAP.

Finally, all retail takeaway data included in our discussion today, unless otherwise noted, reflects a combination of Circana's MULO C measured retail channel data and company estimates for unmeasured channels for the 13 weeks ended May 31, 2026, as compared to the prior year.

I will now turn the call over to Joe Scalzo.

Thanks, Matt.

Good morning, everyone.

Thank you for joining us today.

This morning I'll recap our third quarter results and then provide you with some perspective on the performance of our brands as well as an update on our progress toward our turnaround objectives.

Then I'll turn the call over to Chris who will discuss our financial results and our updated outlook in a bit more detail before we open it up to take your questions.

In the third quarter, our results came in ahead of our expectations.

While we're not satisfied with our overall performance, the quarter reinforced our belief that the actions we are taking are the right ones.

We are ensuring organizational focus, improving execution, and strengthening the economic foundation of the business.