Kaplan Fox & Kilsheimer LLP Alerts Investors of Simply Good Foods Company (SMPL) to an Investigation of Potential Securities Law Violations

Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against The Simply Good Foods Company ("Simply Good" or the "Company") (NASDAQ: SMPL).

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.

Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented. Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America -the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act-$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors , and a $475 million settlement in In re Merrill Lynch . For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.