{"success":true,"data":{"pressRelease":{"id":"133309","rtpr_id":"nGNX6lmh9Z","ticker":"SMPL","exchange":"NASDAQ","all_tickers":["SMPL"],"title":"Portnoy Law Firm Announces Class Action on Behalf of The Simply Good Foods Company Investors","author":"Globe Newswire","published_at":"2026-09-02T01:33:25.094Z","article_body":"LOS ANGELES, Sept. 01, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm\n(https://www.globenewswire.com/Tracker?data=g14b8xxkshEQeCCj6Av_oUEpcVVoobLPYEnom0jHJe7DFn_FxtUfGOXV1o0SwTGT-NwApmFmpsQYgNowSBgFNj-aZF4H1CWClnRXW59ksDn0fEAr73idvXDxVaXRlIpJmQwuYqtAHbt3hOnvnNy_RQ==)\nadvises The Simply Good Foods Company, (“Simply Good Foods” or the\n\"Company\") (NASDAQ: SMPL) investors of a class action on behalf of investors\nthat bought securities between October 24, 2024 - April 8, 2026, inclusive\n(the “Class Period”). Simply Good Foods investors have until October 13,\n2026 to file a lead plaintiff motion.\n\nInvestors are encouraged to contact attorney Lesley F. Portnoy\n(https://www.globenewswire.com/Tracker?data=QeIpjBt9R3jsSdefNQAx5o7AzAsicZl40ZuCtP4RXd-Sd9AA3pRlApvV-R2OHK_6oF3K7DG4fujJIXcFo0FNijtGvb4c_PQ49VpurkJvjkanzePaI6gKt58GeFgvs62_), by\nphone 310-692-8883 or email\n(https://www.globenewswire.com/Tracker?data=HuqzM5-AGUMmdhWxdWb5VMz1gHdWBbTisxBeMAAnFTta5SXd4DYx0L4rPiuBEIIqmqy-e5b8VME3YlpMXpGlQIwM1yQtGCWXkTxnMO6n13k=):\nlesley@portnoylaw.com, to discuss their legal rights, or join the case via\nhttps://portnoylaw.com/the-simply-good-foods-company. The Portnoy Law Firm can\nprovide a complimentary case evaluation and discuss investors’ options for\npursuing claims to recover their losses.\n\nThe Simply Good Foods class action lawsuit alleges that defendants\nthroughout the Class Period made materially false and misleading statements\nbecause they failed to disclose the following adverse facts pertaining to\nSimply Good Foods’ business, operations, and financial condition, which were\nknown to or recklessly disregarded by defendants: (i) that Simply Good Foods\nhad lost key managerial personnel following the acquisition of Only What You\nNeed, Inc. (“OWYN”) necessary for the successful integration of the\nacquired OWYN assets, impairing Simply Good Foods’ ability to achieve the\nacquisition’s purported strategic initiatives and financial and operational\ntargets; (ii) that Simply Good Foods had materially increased its general and\nadministrative spending to compensate for the loss of key managerial\npersonnel, leading to an inefficient and bloated organizational structure and\nthe lack of clear and cohesive strategic priorities for its OWYN segment;\n(iii) that the addition of a new pea protein supplier for OWYN formulations\nprior to the acquisition had created significant product quality issues which\nhad negatively impacted the taste, texture, and shelf-life of OWYN products,\nleading to negative product reviews, depressed consumer sales, and the loss of\nimportant distributor relationships; (iv) that, in an effort to boost sales in\nthe short-term, Simply Good Foods had offered discounts and engaged in other\npromotional activities for OWYN products above its historical practices,\neroding Simply Good Foods’ margins but failing to achieve the desired sales\nturnaround; (v) that, in order to stem the margin erosion being suffered in\nits OWYN segment, Simply Good Foods had cut brand support and marketing for\nOWYN, further depressing product sales; and (vii) as a result of the above,\nthe OWYN acquisition had largely failed to achieve its key strategic goals,\nthe integration of OWYN had run into severe operational and execution\nproblems, and the business and operational results for Simply Good Foods’\nOWYN segment had been materially negatively impacted, undermining the\nacquisition’s economic rationale.\n\nOn October 23, 2025, Simply Good Foods issued a release reporting financial\nresults for its fourth fiscal quarter and year ending August 30, 2025,\nrevealing that Simply Good Foods’ OWYN segment had in fact suffered a\nslowdown in sales growth. During the related earnings call, defendant Geoff E.\nTanner revealed that end user consumption of OWYN branded products had\ndeclined due to a previously undisclosed product quality issue. Specifically,\nTanner explained that “a raw material sourcing decision for pea protein,”\nwhich predated the close of the OWYN acquisition but was implemented shortly\nthereafter, had “resulted in taste and texture issues” as the products\naged, leading to negative product ratings and reviews and depressed sales for\nOWYN. Simply Good Foods also provided disappointing 2026 net sales guidance in\nthe range of negative 2% to positive 2%, a decline in the rate of growth of at\nleast 75% from the 9% net sales growth Simply Good Foods had reported for\nfiscal 2025. On this news, the price of Simply Good Foods common stock fell\nmore than 17%.\n\nThen, on April 9, 2026, Simply Good Foods announced its second quarter of 2026\nearnings results, revealing that OWYN’s quarterly sales had contracted by\nnearly 17% year-over-year. Simply Good Foods further revealed a $187 million\nimpairment charge against its OWYN brand intangible assets and slashed its\n2026 net sales outlook to a range of negative 7% to negative 10%. On this\nnews, the price of Simply Good Foods common stock fell more than 27% over a\ntwo-day trading period.\n\nThe Portnoy Law Firm represents investors in pursuing claims caused by\ncorporate wrongdoing. The Firm’s founding partner has recovered over $5.5\nbillion for aggrieved investors. Attorney advertising. Prior results do not\nguarantee similar outcomes.\n\nLesley F. Portnoy, Esq.\nAdmitted CA, NY and TX Bar\nlesley@portnoylaw.com\n310-692-8883\nwww.portnoylaw.com\n\nAttorney Advertising\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/ea0dd9c0-6e41-4d5a-ad27-b277677af6df)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX6lmh9Z","title":"Portnoy Law Firm Announces Class Action on Behalf of The Simply Good Foods Company Investors","author":"Globe Newswire","ticker":"SMPL","created":"2026-09-02T01:33:25.094Z","tickers":["SMPL"],"exchange":"NASDAQ","article_body":"LOS ANGELES, Sept. 01, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm\n(https://www.globenewswire.com/Tracker?data=g14b8xxkshEQeCCj6Av_oUEpcVVoobLPYEnom0jHJe7DFn_FxtUfGOXV1o0SwTGT-NwApmFmpsQYgNowSBgFNj-aZF4H1CWClnRXW59ksDn0fEAr73idvXDxVaXRlIpJmQwuYqtAHbt3hOnvnNy_RQ==)\nadvises The Simply Good Foods Company, (“Simply Good Foods” or the\n\"Company\") (NASDAQ: SMPL) investors of a class action on behalf of investors\nthat bought securities between October 24, 2024 - April 8, 2026, inclusive\n(the “Class Period”). Simply Good Foods investors have until October 13,\n2026 to file a lead plaintiff motion.\n\nInvestors are encouraged to contact attorney Lesley F. Portnoy\n(https://www.globenewswire.com/Tracker?data=QeIpjBt9R3jsSdefNQAx5o7AzAsicZl40ZuCtP4RXd-Sd9AA3pRlApvV-R2OHK_6oF3K7DG4fujJIXcFo0FNijtGvb4c_PQ49VpurkJvjkanzePaI6gKt58GeFgvs62_), by\nphone 310-692-8883 or email\n(https://www.globenewswire.com/Tracker?data=HuqzM5-AGUMmdhWxdWb5VMz1gHdWBbTisxBeMAAnFTta5SXd4DYx0L4rPiuBEIIqmqy-e5b8VME3YlpMXpGlQIwM1yQtGCWXkTxnMO6n13k=):\nlesley@portnoylaw.com, to discuss their legal rights, or join the case via\nhttps://portnoylaw.com/the-simply-good-foods-company. The Portnoy Law Firm can\nprovide a complimentary case evaluation and discuss investors’ options for\npursuing claims to recover their losses.\n\nThe Simply Good Foods class action lawsuit alleges that defendants\nthroughout the Class Period made materially false and misleading statements\nbecause they failed to disclose the following adverse facts pertaining to\nSimply Good Foods’ business, operations, and financial condition, which were\nknown to or recklessly disregarded by defendants: (i) that Simply Good Foods\nhad lost key managerial personnel following the acquisition of Only What You\nNeed, Inc. (“OWYN”) necessary for the successful integration of the\nacquired OWYN assets, impairing Simply Good Foods’ ability to achieve the\nacquisition’s purported strategic initiatives and financial and operational\ntargets; (ii) that Simply Good Foods had materially increased its general and\nadministrative spending to compensate for the loss of key managerial\npersonnel, leading to an inefficient and bloated organizational structure and\nthe lack of clear and cohesive strategic priorities for its OWYN segment;\n(iii) that the addition of a new pea protein supplier for OWYN formulations\nprior to the acquisition had created significant product quality issues which\nhad negatively impacted the taste, texture, and shelf-life of OWYN products,\nleading to negative product reviews, depressed consumer sales, and the loss of\nimportant distributor relationships; (iv) that, in an effort to boost sales in\nthe short-term, Simply Good Foods had offered discounts and engaged in other\npromotional activities for OWYN products above its historical practices,\neroding Simply Good Foods’ margins but failing to achieve the desired sales\nturnaround; (v) that, in order to stem the margin erosion being suffered in\nits OWYN segment, Simply Good Foods had cut brand support and marketing for\nOWYN, further depressing product sales; and (vii) as a result of the above,\nthe OWYN acquisition had largely failed to achieve its key strategic goals,\nthe integration of OWYN had run into severe operational and execution\nproblems, and the business and operational results for Simply Good Foods’\nOWYN segment had been materially negatively impacted, undermining the\nacquisition’s economic rationale.\n\nOn October 23, 2025, Simply Good Foods issued a release reporting financial\nresults for its fourth fiscal quarter and year ending August 30, 2025,\nrevealing that Simply Good Foods’ OWYN segment had in fact suffered a\nslowdown in sales growth. During the related earnings call, defendant Geoff E.\nTanner revealed that end user consumption of OWYN branded products had\ndeclined due to a previously undisclosed product quality issue. Specifically,\nTanner explained that “a raw material sourcing decision for pea protein,”\nwhich predated the close of the OWYN acquisition but was implemented shortly\nthereafter, had “resulted in taste and texture issues” as the products\naged, leading to negative product ratings and reviews and depressed sales for\nOWYN. Simply Good Foods also provided disappointing 2026 net sales guidance in\nthe range of negative 2% to positive 2%, a decline in the rate of growth of at\nleast 75% from the 9% net sales growth Simply Good Foods had reported for\nfiscal 2025. On this news, the price of Simply Good Foods common stock fell\nmore than 17%.\n\nThen, on April 9, 2026, Simply Good Foods announced its second quarter of 2026\nearnings results, revealing that OWYN’s quarterly sales had contracted by\nnearly 17% year-over-year. Simply Good Foods further revealed a $187 million\nimpairment charge against its OWYN brand intangible assets and slashed its\n2026 net sales outlook to a range of negative 7% to negative 10%. On this\nnews, the price of Simply Good Foods common stock fell more than 27% over a\ntwo-day trading period.\n\nThe Portnoy Law Firm represents investors in pursuing claims caused by\ncorporate wrongdoing. The Firm’s founding partner has recovered over $5.5\nbillion for aggrieved investors. Attorney advertising. Prior results do not\nguarantee similar outcomes.\n\nLesley F. Portnoy, Esq.\nAdmitted CA, NY and TX Bar\nlesley@portnoylaw.com\n310-692-8883\nwww.portnoylaw.com\n\nAttorney Advertising\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/ea0dd9c0-6e41-4d5a-ad27-b277677af6df)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-02T01:33:25.138285743Z","server_sent_at_ms":1788312805138},"received_at":"2026-09-02T01:33:25.225Z","source_url":null},"analysis":{"id":"122202","press_release_id":"133309","analysis_json":{"industry":{"label":"Packaged Foods & Meats","sector":"Consumer Staples"},"redFlags":[],"eventType":"legal_litigation","narrative":"Portnoy Law Firm issued a shareholder-solicitation notice naming The Simply Good Foods Company, regarding a class action period from October 24, 2024, to April 8, 2026.\n\nThe complaint alleges the company failed to disclose product quality issues and integration failures related to the OWYN acquisition, which led to a $187 million impairment charge and guidance cuts earlier this year.\n\nInvestors have until October 13, 2026, to seek lead plaintiff status; this is a routine law-firm solicitation, not a new issuer disclosure.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{},"quotedText":"a raw material sourcing decision for pea protein,” which predated the close of the OWYN acquisition but was implemented shortly thereafter, had “resulted in taste and texture issues”","namedEntities":{"people":[{"name":"Lesley F. Portnoy","role":"Attorney"},{"name":"Geoff E. Tanner","role":"Defendant / Executive"}],"products":["OWYN branded products"],"companies":[{"name":"The Simply Good Foods Company","ticker":"SMPL"},{"name":"Only What You Need, Inc."},{"name":"Portnoy Law Firm","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$187 million","context":"impairment charge against OWYN brand intangible assets"},{"amount":"$5.5 billion","context":"amount recovered by law firm founding partner"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm shareholder solicitation issued by Portnoy Law Firm. No new disclosure from the issuer; no certified class, no settlement. Boilerplate lead-plaintiff-deadline reminder."},"tickerRelevance":{"others":[],"primary":"SMPL"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Portnoy Law Firm issued a shareholder-solicitation notice naming The Simply Good Foods Company, regarding a class action period from October 24, 2024, to April 8, 2026.\n\nThe complaint alleges the company failed to disclose product quality issues and integration failures related to the OWYN acquisition, which led to a $187 million impairment charge and guidance cuts earlier this year.\n\nInvestors have until October 13, 2026, to seek lead plaintiff status; this is a routine law-firm solicitation, not a new issuer disclosure.","key_figures":{},"named_entities":{"people":[{"name":"Lesley F. Portnoy","role":"Attorney"},{"name":"Geoff E. Tanner","role":"Defendant / Executive"}],"products":["OWYN branded products"],"companies":[{"name":"The Simply Good Foods Company","ticker":"SMPL"},{"name":"Only What You Need, Inc."},{"name":"Portnoy Law Firm","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$187 million","context":"impairment charge against OWYN brand intangible assets"},{"amount":"$5.5 billion","context":"amount recovered by law firm founding partner"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-02T01:34:46.419Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"durationMs":81179,"modelName":"glm-4.7"}}