A securities class action has been filed against The Simply Good Foods Company (SMPL) on behalf of all purchasers of Good Foods common stock between October 24, 2024 through April 8, 2026. This case has been filed in the USDC – SDNY.
On June 13, 2024, Simply Good announced the completion of the acquisition of Only What You Need (OWYN) for a purchase price of $280 million.
On October 23, 2025, Simply Good reported financial results for the fourth quarter of 2025, disclosing among other things, a “quality issue” with the Company’s recently acquired OWYN brand, “related to a raw material sourcing decision for pea protein made prior to the closing of the acquisition.”
Following this news, the price of Simply Good stock fell $4.33 per share, or 17.35%, to close at $20.63 per share on October 23, 2025
Then, on April 9, 2026, Simply Good reported financial results for the second quarter of 2026, including that “Net sales of $326.0 million decreased 9.4% versus the comparable year ago period, driven by declines for Atkins and OWYN of 26.6% and 16.8%, respectively.” Simply Good also “recognized an aggregate $249.0 million non-cash, impairment charge related to the Atkins brand and OWYN brand intangible assets” comprised of “a loss on impairment $187.0 million for OWYN and $62.0 million for Atkins[.]”
Following this news, the price of Simply Good stock fell $2.61 per share, or 18.11%, to close at $11.80 per share on April 9, 2026.