New York, New York--(Newsfile Corp. - August 18, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against The Simply Good Foods Company ("Simply Good" or the "Company") (NASDAQ: SMPL) on behalf of investors that purchased or otherwise acquired Good Foods common stock between October 24, 2024 and April 8, 2026 (the "Class Period").

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

DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than October 13, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.

According to the complaint, On October 23, 2025, Simply Good issued a release for the fourth fiscal quarter, revealing that the Company's OWYN segment had suffered a slowdown in sales growth and that end user consumption of OWYN branded products had declined due to a previously undisclosed product quality issue. Following this news, the price of Simply Good stock fell over 17% on October 23, 2025.

Then, according to the complaint, on April 9, 2026, Simply Good announced its second fiscal quarter results, revealing that consumer consumption had plummeted across all of the Company's brands, including that OWYN's quarterly sales had contracted by nearly 17% year-over-year. Additionally, Simply Good revealed a $187 million impairment charge against its OWYN brand. Following this news, the price of Simply Good stock fell more than 27% over two trading days.

The complaint alleges, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that (a) the addition of a new pea protein supplier for OWYN formulations prior to the Acquisition had created significant product quality issues which had negatively impacted the taste, texture, and shelf-life of OWYN products, leading to negative product reviews, depressed consumer sales, and the loss of important distributor relationships; (b) in an effort to boost sales in the short-term, Simply Good had offered discounts and engaged in other promotional activities for OWYN products above its historical practices, eroding the Company's margins but failing to achieve the desired sales turnaround, and (c) in order to stem the margin erosion being suffered in its OWYN segment, Simply Good had cut brand support and marketing for OWYN, further depressing product sales.

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Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.

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For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.

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

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Source: Kaplan Fox & Kilsheimer LLP