Simply Good Foods shares rose nearly 5% after the company reported third quarter fiscal 2026 results that exceeded Wall Street expectations. Adjusted diluted earnings per share came in at $0.42, beating analyst estimates of $0.35, while quarterly net sales reached $357 million, ahead of consensus expectations of about $333 million. Despite the beat, revenue declined 6.3% year over year from $381 million, and the company posted a net loss of $52 million compared with net income of $41.1 million a year earlier. Adjusted EBITDA fell to $57.2 million from $73.9 million, and adjusted diluted EPS decreased from $0.51. The revenue decline was largely driven by a 24.6% drop in Atkins brand sales due to distribution-related declines and softer retail demand, partially offset by growth of 1.1% at Quest and 3.6% at OWYN. The company reaffirmed its fiscal 2026 outlook, expecting net sales between $1.345 billion and $1.355 billion and adjusted EBITDA between $220 million and $225 million.
Simply Good Foods CoQ3 earnings and revenue beat analyst estimates, driving shares up nearly 5%.