New York, New York--(Newsfile Corp. - April 14, 2026) - Levi & Korsinsky notifies investors that it has commenced an investigation into The Simply Good Foods Company ("The Simply Good Foods Company") (NASDAQ: SMPL) concerning potential violations of the federal securities laws.

During the Q4 2025 earnings call on October 23, 2025, CEO Geoff Tanner told investors: "we're confident our gross margins will improve beginning modestly in Q3 and more meaningfully into Q4," and "are confident we will work through these headwinds as we continue to evolve the company." Simply Good Foods reaffirmed its fiscal 2026 guidance when reporting Q1 2026 earnings, expecting flat net sales at the midpoint and gross margin declines between 100 and 150 basis points.

When the Q2 results were reported, the company disclosed a 9.4% year-over-year revenue decline and a similar gross margin decline of 460 basis points for the quarter. Simply Good Foods subsequently cut FY 2026 revenue guidance to negative 7-10% growth and gross margin to a decline of 300 to 350 basis points in the year. The stock fell over 18% in a single session.

If you suffered a loss on your The Simply Good Foods Company securities and would like to explore a potential recovery under the federal securities laws, Learn More About the Investigation or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212)363-7500 to speak to our team of experienced shareholder advocates.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.

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Source: Levi & Korsinsky, LLP