Revenue growth has shifted into negative territory with a 9.4% year-over-year decline in 2026Q2, while gross margins have contracted significantly from a 38.7% peak in 2024Q3 to 30.3%.
| Sales/Revenue | 1.42B | 1.45B | 1.33B | 1.24B | 1.17B | 1.01B | 816.64M | 523.76M | 431.43M | 396.17M | 427.86M |
| Revenue Growth % | 0.34% | 8.98% | 7.13% | 6.33% | 16.22% | 23.14% | 55.92% | 21.4% | 8.9% | -7.41% | - |
| Cost of Goods Sold | 951.05M | 942.07M | 836.67M | 806.67M | 740.4M | 612.83M | 507.57M | 313.57M | 258.56M | 225.56M | 0 |
| COGS % of Revenue | - | 64.93% | 62.85% | 64.91% | 63.35% | 60.94% | 62.15% | 59.87% | 59.93% | 56.93% | - |
| Gross Profit | 465.16M | 508.85M | 494.65M | 436M | 428.28M | 392.78M | 309.07M | 210.19M | 172.87M | 170.62M | 0 |
| Gross Margin % | 32.85% | 35.07% | 37.15% | 35.09% | 36.65% | 39.06% | 37.85% | 40.13% | 40.07% | 43.07% | - |
| Gross Profit Growth % | - | 2.87% | 13.45% | 1.8% | 9.04% | 27.09% | 47.04% | 21.59% | 1.32% | - | - |
| Operating Expenses | 268.97M | 290.21M | 273.63M | 231.06M | 224.95M | 211.86M | 195.22M | 129.87M | 108.73M | 119.42M | 487.09K |
| OpEx % of Revenue | - | 20% | 20.55% | 18.59% | 19.25% | 21.07% | 23.91% | 24.8% | 25.2% | 30.14% | 0.11% |
| Selling, General & Admin | 273.56M | 290.21M | 268.23M | 226.75M | 220.85M | 208.36M | 191.22M | 127.67M | 106.23M | 116.97M | 487.09K |
| SG&A % of Revenue | - | 20% | 20.15% | 18.25% | 18.9% | 20.72% | 23.42% | 24.38% | 24.62% | 29.53% | 0.11% |
| Research & Development | 0 | 5.5M | 5.4M | 4.3M | 4.1M | 3.5M | 4M | 2.2M | 2.5M | 2.3M | 0 |
| R&D % of Revenue | - | 0.38% | 0.41% | 0.35% | 0.35% | 0.35% | 0.49% | 0.42% | 0.58% | 0.58% | - |
| Other Operating Expenses | 0 | -5.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 141K | 0 |
| Operating Income | 196.19M | 218.63M | 221.02M | 204.95M | 203.32M | 180.93M | 113.85M | 80.31M | 64.14M | 51.2M | -487.09K |
| Operating Margin % | 13.85% | 15.07% | 16.6% | 16.49% | 17.4% | 17.99% | 13.94% | 15.33% | 14.87% | 12.92% | -0.11% |
| Operating Income Growth % | - | -1.08% | 7.84% | 0.8% | 12.38% | 58.92% | 41.76% | 25.21% | 25.28% | 10611.4% | - |
| EBITDA | 216.72M | 242.4M | 249M | 231.93M | 229.24M | 204.15M | 133.7M | 87.81M | 71.64M | 60.82M | -192.5K |
| EBITDA Margin % | 15.3% | 16.71% | 18.7% | 18.66% | 19.62% | 20.3% | 16.37% | 16.77% | 16.61% | 15.35% | -0.04% |
| EBITDA Growth % | -18.34% | -2.65% | 7.36% | 1.17% | 12.29% | 52.69% | 52.27% | 22.57% | 17.79% | 31692.75% | - |
| D&A (Non-Cash Add-back) | 20.53M | 23.76M | 27.98M | 26.98M | 25.92M | 23.23M | 19.86M | 7.5M | 7.5M | 9.62M | 0 |
| EBIT | -134.36M | 159.15M | 212.08M | 205.76M | 172.45M | 112.42M | 111.78M | 5.1M | 65.64M | 27.21M | -192.5K |
| Net Interest Income | -16.6M | -20.59M | -21.72M | -28.92M | -21.87M | -31.47M | -31.3M | -9.8M | -12.55M | 0 | 294.59K |
| Interest Income | 2.56M | 2.66M | 4.31M | 1.14M | 15K | 84K | 1.52M | 3.83M | 0 | 0 | 294.59K |
| Interest Expense | 19.17M | 23.25M | 26.03M | 30.07M | 21.88M | 31.56M | 32.81M | 13.63M | 12.55M | 0 | 0 |
| Other Income/Expense | -341.14M | -82.73M | -34.97M | -29.26M | -52.76M | -100.07M | -34.88M | -88.84M | -11.05M | -48.38M | 294.59K |
| Pretax Income | -144.96M | 135.9M | 186.05M | 175.69M | 150.57M | 80.86M | 78.96M | -8.52M | 53.09M | 2.83M | -192.5K |
| Pretax Margin % | -10.24% | 9.37% | 13.97% | 14.14% | 12.88% | 8.04% | 9.67% | -1.63% | 12.31% | 0.71% | -0.04% |
| Income Tax | -39.27M | 32.29M | 46.74M | 42.12M | 41.99M | 39.98M | 13.33M | 16.71M | -17.36M | 4.86M | 0 |
| Effective Tax Rate % | 27.09% | 23.76% | 25.12% | 23.97% | 27.89% | 49.44% | 16.88% | -196.07% | -32.71% | 172.04% | 0% |
| Net Income | -105.68M | 103.61M | 139.31M | 133.57M | 108.57M | 40.88M | 65.64M | -25.23M | 70.45M | -2.04M | -192.5K |
| Net Margin % | -7.46% | 7.14% | 10.46% | 10.75% | 9.29% | 4.07% | 8.04% | -4.82% | 16.33% | -0.51% | -0.04% |
| Net Income Growth % | -172.64% | -25.62% | 4.29% | 23.03% | 165.59% | -37.72% | 360.12% | -135.82% | 3562.16% | -957.13% | - |
| Net Income (Continuing) | -105.68M | 103.61M | 139.31M | 133.57M | 108.57M | 40.88M | 65.64M | -25.23M | 70.45M | -2.04M | -192.5K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.14 | 1.02 | 1.38 | 1.32 | 1.08 | 0.42 | 0.35 | -0.30 | 0.51 | -0.03 | -0.02 |
| EPS Growth % | -182.64% | -26.09% | 4.55% | 22.22% | 157.14% | 20% | 216.67% | -158.82% | 1870.83% | -67.44% | - |
| EPS (Basic) | - | 1.03 | 1.39 | 1.34 | 1.10 | 0.43 | 0.37 | -0.30 | 0.53 | -0.03 | -0.02 |
| Diluted Shares Outstanding | 92.34M | 101.51M | 101.28M | 100.88M | 100.59M | 97.37M | 98.34M | 85.24M | 73.68M | 70.63M | 11.2M |
| Basic Shares Outstanding | 92.34M | 100.7M | 99.93M | 99.44M | 98.75M | 95.74M | 93.97M | 85.24M | 70.58M | 70.63M | 11.2M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - |
Atkins brand relevance decay
As reported in recent financial filings, SMPL's revenue growth has shifted into negative territory, with the most recent quarter showing a 9.4% year-over-year decline, signaling that volume pressures in the legacy Atkins portfolio are currently outpacing the incremental gains achieved by the Quest brand expansion.
The transition from double-digit growth in 2025 to contraction in 2026 suggests that the company's core consumer base may be experiencing fatigue or shifting preferences. Investors should monitor whether the recent acquisition of OWYN can provide a sufficient offset to the persistent volume erosion observed in the legacy weight-management segment.
Based on the company's reported figures, gross margins have compressed from a peak of 38.7% in 2024Q3 to 30.3% in 2026Q2, reflecting the ongoing challenges of managing input cost volatility within an asset-light, co-manufacturing model that lacks significant internal control over production-related overhead expenses.
This margin degradation appears to indicate that the company's pricing power may be insufficient to fully offset rising commodity costs or the promotional intensity required to maintain shelf space. The inability to sustain gross margins above the 35% threshold warrants further investigation into the long-term viability of the current co-manufacturing cost structure.
According to the latest income statement data, operating margins have contracted to 13.8% in 2026Q2 from a high of 18.4% in 2024Q3, suggesting that the company is struggling to achieve the necessary scale to absorb fixed SG&A costs amidst a declining revenue environment.
The lack of operating leverage implies that marketing and slotting expenditures are not yielding the expected volume growth, leading to a disproportionate impact on profitability. Analysts should consider whether the current SG&A structure is too rigid for a business experiencing a cyclical downturn in its primary product categories.
As indicated by the sharp swing to a $159.7 million net loss in 2026Q2, the company's bottom-line performance appears increasingly volatile, raising concerns about the sustainability of earnings when non-operating items and potential asset impairments are factored into the broader financial narrative of the business.
The significant divergence between operating income and net income suggests that investors should look beyond headline EPS to understand the underlying cash-generating capability of the firm. The recent net loss may indicate that the company is facing non-recurring charges that could mask the true operational health of the core snack business.
Quick answers to the most common questions about buying SMPL stock.
For fiscal year 2025, The Simply Good Foods Company (SMPL) reported total revenue of $1.45B. This represents a 239.1% increase compared to $427.9M in 2016.
The Simply Good Foods Company (SMPL) is profitable, generating $103.6M in net income for the fiscal year ending 2025 with a net profit margin of 7.1%.
The Simply Good Foods Company (SMPL) reported an operating income of $218.6M, resulting in an operating profit margin of 15.1%. This margin reflects the operational efficiency of the business before interest and taxes.
The Simply Good Foods Company (SMPL) generated $508.8M in gross profit for the year, representing a gross profit margin of 35.1%. This demonstrates the company's core pricing power and production efficiency.