SMPL INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against The Simply Good Foods Company and Announces Opportunity for Investors with Substantial Losses to Lead Class Action Lawsuit - October 13, 2026 Deadline

The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of The Simply Good Foods Company (NASDAQ: SMPL ) common stock between October 24, 2024 and April 8, 2026 (the "Class Period"), have until October 13, 2026 to seek appointment as lead plaintiff of the Simply Good Foods class action lawsuit. Captioned Monroe County Employees' Retirement System v. The Simply Good Foods Company , No. 1:26-cv-06971 (S.D.N.Y.), the Simply Good Foods class action lawsuit charges Simply Good Foods as well as certain of Simply Good Foods' current and former executive officers with violations of the Securities Exchange Act of 1934.

Simply Good Foods sells consumer packaged foods and snacking products under its various brands. The Simply Good Foods class action lawsuit alleges that defendants throughout the Class Period made materially false and misleading statements because they failed to disclose the following adverse facts pertaining to Simply Good Foods' business, operations, and financial condition, which were known to or recklessly disregarded by defendants: (i) that Simply Good Foods had lost key managerial personnel following the acquisition of Only What You Need, Inc. ("OWYN") necessary for the successful integration of the acquired OWYN assets, impairing Simply Good Foods' ability to achieve the acquisition's purported strategic initiatives and financial and operational targets; (ii) that Simply Good Foods had materially increased its general and administrative spending to compensate for the loss of key managerial personnel, leading to an inefficient and bloated organizational structure and the lack of clear and cohesive strategic priorities for its OWYN segment; (iii) that the addition of a new pea protein supplier for OWYN formulations prior to the acquisition had created significant product quality issues which had negatively impacted the taste, texture, and shelf-life of OWYN products, leading to negative product reviews, depressed consumer sales, and the loss of important distributor relationships; (iv) that, in an effort to boost sales in the short-term, Simply Good Foods had offered discounts and engaged in other promotional activities for OWYN products above its historical practices, eroding Simply Good Foods' margins but failing to achieve the desired sales turnaround; (v) that, in order to stem the margin erosion being suffered in its OWYN segment, Simply Good Foods had cut brand support and marketing for OWYN, further depressing product sales; and (vii) as a result of the above, the OWYN acquisition had largely failed to achieve its key strategic goals, the integration of OWYN had run into severe operational and execution problems, and the business and operational results for Simply Good Foods' OWYN segment had been materially negatively impacted, undermining the acquisition's economic rationale.

On October 23, 2025, Simply Good Foods issued a release reporting financial results for its fourth fiscal quarter and year ending August 30, 2025, revealing that Simply Good Foods' OWYN segment had in fact suffered a slowdown in sales growth. During the related earnings call, defendant Geoff E. Tanner revealed that end user consumption of OWYN branded products had declined due to a previously undisclosed product quality issue. Specifically, Tanner explained that "a raw material sourcing decision for pea protein," which predated the close of the OWYN acquisition but was implemented shortly thereafter, had "resulted in taste and texture issues" as the products aged, leading ...