Investors have until October 13 to file in lawsuit against Simply Good Foods
News provided byThe Simply Good Foods Company · 2 min read
NEW ORLEANS, Sept. 4, 2026 /CourierPR/ -- ClaimsFiler, a free shareholder information service, has reminded investors that they have until October 13, 2026, to file lead plaintiff applications in a securities class action lawsuit against Simply Good Foods Company (NasdaqCM: SMPL). The lawsuit pertains to investors who purchased shares between October 24, 2024, and April 8, 2026, inclusive. The allegations stem from claims that the company failed to disclose material information during the class period, violating federal securities laws.
On October 23, 2025, Simply Good Foods disclosed its Q4 and year-end (August 30, 2025) financial results, revealing that its OWYN (Only What You Need, Inc.) segment, acquired in 2024 for $280 million, had experienced a slowdown in sales growth due to a previously undisclosed product quality issue. Specifically, the company cited a "raw material sourcing decision for pea protein" that had resulted in taste and texture issues as the products aged. This led to negative product ratings and reviews, causing depressed sales for OWYN. Simply Good Foods also reported disappointing 2026 net sales guidance in the range of negative 2% to positive 2%, marking a significant decline from the 9% net sales growth reported in fiscal 2025.
The news sent Simply Good Foods' stock price plummeting by more than 17% on the day of the announcement. Then, on April 9, 2026, the company announced its Q2 2026 earnings results, indicating that OWYN's quarterly sales had contracted by nearly 17% year-over-year. Additionally, the company disclosed a $187 million impairment charge against its OWYN brand intangible assets and reduced its 2026 net sales outlook to a range of negative 7% to negative 10%. This news caused the company’s stock price to fall by more than 27% over a two-day trading period.
The lawsuit, titled Monroe County Employees' Retirement System v. The Simply Good Foods Company, No. 26-cv-06971, is currently pending in the United States District Court for the Southern District of New York.
Investors seeking more information or legal assistance can visit the ClaimsFiler website at https://claimsfiler.com/cases/nasdaq-smpl/ or call the toll-free number (833) 538-3604. Lawyers from Kahn Swick & Foti, LLC are available to discuss legal options.
ClaimsFiler serves as a resource for retail investors, helping them recover their share of billions of dollars from securities class action settlements. Through its platform, investors can register for free to gain access to information and settlement websites, upload their portfolio transactional data, and submit inquiries for free case evaluations.