Kaplan Fox Alerts Simply Good Foods Company (SMPL) Investors to a Securities Class Action Lawsuit - Contact the Firm Before Deadline on October 13, 2026 for Leadership Role

Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against The Simply Good Foods Company ("Simply Good" or the "Company") (NASDAQ: SMPL) on behalf of investors that purchased or otherwise acquired Good Foods common stock between October 24, 2024 and April 8, 2026 (the "Class Period"). According to the complaint, On October 23, 2025, Simply Good issued a release for the fourth fiscal quarter, revealing that the Company's OWYN segment had suffered a slowdown in sales growth and that end user consumption of OWYN branded products had declined due to a previously undisclosed product quality issue. Following this news, the price of Simply Good stock fell over 17% on October 23, 2025. Then, according to the complaint, on April 9, 2026, Simply Good announced its second fiscal quarter results, revealing that consumer consumption had plummeted across all of the Company's brands, including that OWYN's quarterly sales had contracted by nearly 17% year-over-year. Additionally, Simply Good revealed a $187 million impairment charge against its OWYN brand. Following this news, the price of Simply Good stock fell more than 27% over two trading days. The complaint alleges, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that (a) 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; (b) in an effort to boost sales in the short-term, Simply Good had offered discounts and engaged in other promotional activities for OWYN products above its historical practices, eroding the Company's margins but failing to achieve the desired sales turnaround, and (c) in order to stem the margin erosion being suffered in its OWYN segment, Simply Good had cut brand support and marketing for OWYN, further depressing product sales.