Earnings Summary: Simply Good Foods Company Q1 earnings drop on weak sales

The Simply Good Foods Company (NASDAQ: SMPL), a leading consumer packaged food and beverage company, has reported a decline in adjusted earnings for the first quarter of fiscal 2026.

First-quarter net sales decreased to $340.2 million from $341.3 million in the prior-year quarterNet income came in at $25.3 million in the November quarter, versus $38.1 million in Q1 2025On a per-share basis, earnings dropped to $0.26 per share in the first quarter from $0.38 per share last yearAdjusted earnings per share were $0.39 during the three months, compared to $0.49 a year earlierFirst-quarter adjusted EBITDA declined sharply to $55.6 million from $70.1 million in the year-ago quarterFor fiscal 2026, the company continues to expect sales change to range between -2% and +2% year-over-yearGross margin is expected to decline between 100 and 150 basis points year-over-year in fiscal 2026Full-year adjusted EBITDA is expected to change between -4% and +1% year-over-year