Kaplan Fox Announces an Investigation Into Simply Good Foods Company (SMPL) for Possible Securities Law Violations

via TheNewswire.com
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CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS INVESTIGATION

If you are a Simply Good investor and have suffered losses, or if you have information that could assist in the Simply Good investigation, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.

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.

WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey.  With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand.  Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients.  For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.

If you have any questions about this investigation, please contact:

CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com

Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.

https://www.kaplanfox.com/case/simply-good-foods-shareholder-alert-learn-more-now/

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