The Simply Good Foods Company SMPL

Consumer StaplesFood & TobaccoUnited States of America

Last close 12.47 USD on Nov 3, 2026, −37.9% year to date

Quant rating

Quant rating D Rank 87 of 124 in Consumer Staples

Growth C 71 of 124
Valuation B 19 of 124
Quality C 81 of 124
Revisions D 95 of 124
Momentum D 88 of 124

Wall Street consensus Hold (2.60)Average target 13.94 USD +11.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.1B
Enterprise value: 1.3B
52-week range: 9.38 – 21.87
3-year range: 9.38 – 42.69
Dividend yield: –
Beta (5 years): 0.05
Shares outstanding: 86.9M
Next earnings: Jan 6, 2027

About the company

The Simply Good Foods Company is a consumer-packaged food and beverage company. The Company, within its portfolio of brands Quest, Atkins, and OWYN, offers a variety of nutritional snacks and beverages, including high-protein chips, bars, ready-to-drink (RTD) shakes, and powders, as well as low-sugar, low-carb sweets and baked goods. Its nutritious snacking platform consists of brands that specialize in providing products for consumers that follow certain nutritional philosophies and health-and-wellness trends: Quest for consumers seeking a variety of protein-rich foods and beverages that also limit sugars and simple carbohydrates, Atkins for those following a low-carbohydrate lifestyle or seeking to manage weight or blood sugar levels, and OWYN for consumers seeking protein-rich beverages that are plant-based and tested for the allergens that also limit sugars and simple carbohydrates. It distributes its products to major retail channels, primarily in North America.

Growth and profitability fiscal year ends August 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	1,451	1,331	1,243	1,169	1,006	–
Revenue growth	9.0%	7.1%	6.3%	16.2%	23.1%	12.2%
EPS (basic, normalized)	1.92	1.83	1.63	1.59	1.26	–
EPS growth	4.9%	12.3%	2.5%	26.2%	–	–
Gross margin	36.2%	38.4%	36.5%	38.1%	40.7%	38.0%
Net margin	7.1%	10.5%	10.7%	9.3%	4.1%	8.3%
ROE	5.9%	8.4%	8.9%	8.3%	3.5%	7.0%

Balance sheet, last quarter
Cash & short-term investments (mil)	138
Current ratio	5.57x
Long-term debt (mil)	347
Net debt (mil)	209
Total equity (mil)	1,452
Net debt / equity	0.14x
Net debt / EBITDA	0.92x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	1,451	+9.0%	0.9x	226	−19.3%	5.7x	1.70	−11.5%	7.3x
2027	1,151	−20.6%	1.1x	197	−12.9%	6.6x	1.51	−11.0%	8.2x
2028	1,156	+0.4%	1.1x	204	+3.6%	6.3x	1.61	+6.2%	7.8x
2029	1,184	+2.4%	1.1x	213	+4.7%	6.1x	1.71	+6.2%	7.3x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	1,151	−8.2%	−9.6%	−14.3%	1.51	−10.1%	−10.5%	−15.0%
2028	1,156	−10.4%	−11.9%	−15.3%	1.61	−9.6%	−10.4%	−15.7%
2029	1,184	−7.6%	−18.8%	−21.4%	1.71	−9.7%	−21.7%	−20.7%

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Feb 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026
Sales reported (mil)	312	335	376	341	360	381	369	340	326	357
Sales mean (mil)	317	338	373	347	354	382	369	339	346	333
Surprise	−1.5%	−0.9%	+0.6%	−1.8%	+1.5%	−0.2%	+0.1%	+0.3%	−5.7%	+7.3%
EPS reported	0.40	0.50	0.50	0.49	0.46	0.51	0.46	0.39	0.45	0.42
EPS mean	0.38	0.48	0.50	0.46	0.40	0.50	0.47	0.36	0.39	0.35
Surprise	+5.8%	+3.7%	+0.9%	+6.1%	+14.6%	+1.4%	−3.0%	+9.6%	+14.0%	+18.9%

Peer comparison Food & Tobacco

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
SMPL The Simply Good Foods Company	1.1B	0.92x	7.1%	0.76x	8.2x	7.8x	6.6x	6.3x
MDLZ Mondelez International, Inc.	82.4B	3.14x	6.4%	3.11x	21.3x	19.4x	15.2x	14.2x
HSY The Hershey Company	33.7B	1.80x	7.6%	5.03x	19.3x	17.6x	12.5x	11.7x
KHC The Kraft Heinz Company	29.1B	2.86x	−23.4%	0.81x	12.0x	11.8x	9.3x	9.2x
GIS General Mills Inc	18.2B	3.92x	−0.5%	2.45x	11.1x	10.8x	10.2x	10.0x
SJM The J. M. Smucker Company	13.7B	3.31x	−1.5%	2.38x	11.8x	11.6x	9.4x	9.4x
Mean		2.66x	−0.7%	2.42x	13.9x	13.1x	10.5x	10.1x
Median		3.00x	2.9%	2.41x	11.9x	11.7x	9.8x	9.7x

Technical analysis

1M+26.9%
3M+10.2%
1Y−37.1%
3Y−66.8%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, The Simply Good Foods Company, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	1,451	1,331	1,243	1,169	1,006	817
Cost of revenue	925	820	789	723	596	492
Gross profit	526	512	453	446	410	324
Selling, general & administrative expenses	263	268	227	221	211	191
Research & development	5.5	5.4	4.3	4.1	3.5	4.0
Depreciation/amortization	16.9	16.9	17.4	17.3	17.0	15.3
Interest expense (income), operating	–	–	–	–	0	0
Unusual expense (income)	83.3	14.5	0	0.1	−0.2	35.7
Other operating expenses	0	0	0	0	0	0
Operating income	157	206	205	203	179	78.2
Net interest income (expense)	−21.0	−21.5	−29.3	−51.7	−97.7	0.3
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	1.0	0	−0.5	−0.1	0.4
Net income before taxes	136	186	176	151	80.9	79.0
Provision for taxes	32.3	46.7	42.1	42.0	40.0	13.3
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	104	139	134	109	40.9	65.6
Extraordinary items	–	–	–	–	–	–
Net income	104	139	134	109	40.9	65.6
EBIT, normalized	240	225	211	203	181	125
EBITDA, normalized	261	246	231	219	200	141
Basic EPS, normalized	1.92	1.83	1.63	1.59	1.26	–

Balance sheet in millions of USD, fiscal years

Balance sheet, The Simply Good Foods Company, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	98.5	133	87.7	67.5	75.3	95.8
Receivables	165	151	145	133	111	89.7
Total inventory	167	142	117	125	97.3	59.1
Prepaid expenses	7.2	5.7	6.3	5.0	4.9	3.6
Other current assets	15.8	9.2	16.0	20.9	9.7	11.9
Total current assets	454	440	372	352	299	260
Property, plant & equipment	83.9	59.9	64.9	64.6	62.8	37.6
Goodwill	590	592	543	543	543	545
Intangibles	1,262	1,336	1,108	1,123	1,139	1,159
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	6.9	7.8	9.3	11.6	8.6	7.1
Total assets	2,396	2,436	2,097	2,094	2,052	2,008
Liabilities
Accounts payable	78.3	58.6	52.7	62.1	59.7	32.2
Payable/accrued	–	–	–	–	–	–
Accrued expenses	39.3	41.4	32.2	34.4	40.3	35.8
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	–	0	0.1	0.3	0.3	0.3
Other current liabilities	7.0	8.6	4.8	5.4	13.4	3.2
Total current liabilities	125	109	89.9	102	114	71.5
Long-term debt	249	397	282	403	451	597
Minority interest	–	–	–	–	–	–
Other liabilities	216	203	154	150	298	201
Total liabilities	589	709	526	656	863	869
Shareholders' equity
Preferred stock	0	0	0	0	0	–
Common stock	1.0	1.0	1.0	1.0	1.0	1.0
Additional paid-in capital	1,347	1,320	1,303	1,287	1,085	1,076
Retained earnings (accumulated deficit)	591	487	348	214	106	64.9
Treasury stock	−129	−78.5	−78.5	−62.0	−2.1	−2.1
Other equity	−2.4	−2.0	−2.6	−2.0	−0.8	−0.9
Total equity	1,807	1,727	1,571	1,439	1,189	1,139
Total liabilities & shareholders' equity	2,396	2,436	2,097	2,094	2,052	2,008

Cash flow statement in millions of USD, fiscal years

Cash flow statement, The Simply Good Foods Company, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	104	139	134	109	40.9	65.6
Depreciation, depletion & amortization	21.4	21.0	20.3	19.3	18.2	16.0
Deferred taxes	0	8.4	10.6	11.8	9.4	8.2
Non-cash items	86.3	28.0	25.2	52.0	85.8	−14.0
Changes in working capital	−32.9	19.0	−18.5	−81.0	−22.1	−16.9
Cash from operations	178	216	171	111	132	58.9
Investing activities
Capital expenditures	−22.6	−6.5	−12.2	−5.8	−6.7	−2.7
Other investing cash flows	1.7	−280	0	−2.4	4.2	−981
Cash from investing	−20.9	−287	−12.2	−8.2	−2.5	−984
Financing activities
Financing cash flow items	−3.2	−3.2	−5.6	−4.2	−0.4	−11.7
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−188	119	−133	−106	−150	766
Cash from financing	−191	116	−139	−110	−150	755
Foreign exchange effects	−0.4	0.1	−0.2	−0.3	0	−0.1
Net change in cash	−34.1	44.8	20.2	−7.9	−20.5	−170
Free cash flow	156	209	159	105	125	56.3

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 3, 2026 after market close.