{"success":true,"data":{"pressRelease":{"id":"134572","rtpr_id":"nNFC34B3lL","ticker":"SMPL","exchange":"NASDAQ","all_tickers":["SMPL"],"title":"Simply Good Foods Company Securities Fraud Class Action Result of Undisclosed Acquisition Failures and Over 27% Stock Decline - Investors May Contact Lewis Kahn, Esq., at Kahn Swick & Foti, LLC","author":"Newsfile Corp","published_at":"2026-09-03T01:53:48.851Z","article_body":"New York, New York and New Orleans, Louisiana--(Newsfile Corp. - September 2,\n2026) - Kahn Swick & Foti (https://api.newsfilecorp.com/redirect/OAqZaCR8ez),\nLLC (\"KSF\") and KSF partner, former Attorney General of Louisiana, Charles C.\nFoti, Jr., remind investors with substantial losses that they have until\nOctober 13, 2026 to file lead plaintiff applications in a securities class\naction lawsuit against Simply Good Foods Company\n(https://api.newsfilecorp.com/redirect/Pqn1acbyek) (\"Simply Good\" or the\n\"Company\") (NASDAQ: SMPL), if they purchased or otherwise acquired the\nCompany's shares between October 24, 2024 and April 8, 2026, inclusive (the\n\"Class Period\"). This action is pending in the United States District Court\nfor the Southern District of New York.\n\nCannot view this video? Visit:\nhttps://www.youtube.com/watch?v=dVH_Vw412MY\n\nWhat You May Do\n\nIf you purchased shares of Simply Good as above and would like to discuss your\nlegal rights and how this case might affect you and your right to recover for\nyour economic loss, you may, without obligation or cost to you, contact KSF\nManaging Partner Lewis Kahn toll-free at 1-833-538-3653 or via email\n(lewis.kahn@ksfcounsel.com), or visit\nhttps://www.ksfcounsel.com/cases/nasdaqcm-smpl/ to learn more. If you wish to\nserve as a lead plaintiff in this class action, you must petition the Court by\nOctober 13, 2026.\n\n>>>CLICK HERE (https://api.newsfilecorp.com/redirect/ppanjta2GV) for more\ninformation\n\nAbout the Lawsuit\n\nSimply Good and certain of its executives are charged with failing to disclose\nmaterial information during the Class Period, violating federal securities\nlaws.\n\nOn October 23, 2025, the Company announced its Q4 and YE August 30, 2025\nfinancial results, disclosing that its OWYN (Only What You Need, Inc.)\nsegment, acquired in 2024 for $280 million, had suffered a slowdown in sales\ngrowth due to a previously undisclosed product quality issue, specifically,\nthat \"a raw material sourcing decision for pea protein,\" which predated the\nclose of the OWYN acquisition but was implemented shortly thereafter, had\n\"resulted in taste and texture issues\" as the products aged, leading to\nnegative product ratings and reviews and depressed sales for OWYN. The Company\nalso disclosed disappointing 2026 net sales guidance in the range of negative\n2% to positive 2%, a decline in the rate of growth of at least 75% from the 9%\nnet sales growth it had reported for fiscal 2025. On this news, the price of\nSimply Good shares fell more than 17%.\n\nThen, on April 9, 2026, the Company announced its Q2 2026 earnings results,\ndisclosing that OWYN's quarterly sales had contracted by nearly 17%\nyear-over-year, as well as a $187 million impairment charge against its OWYN\nbrand intangible assets and reduction of 2026 net sales outlook to a range of\nnegative 7% to negative 10%. On this news, the price of Simply Good shares\nfell more than 27% over a two-day trading period.\n\nThe case is Monroe County Employees' Retirement System v. The Simply Good\nFoods Company, No. 26-cv-06971.\n\n>>>To Learn More, Click HERE\n(https://api.newsfilecorp.com/redirect/YEy1aUWJgo)\n\nAbout Kahn Swick & Foti (https://api.newsfilecorp.com/redirect/0pbPQtwmD2),\nLLC\n\nKSF, whose partners include former Louisiana Attorney General Charles C. Foti,\nJr., is one of the nation's premier boutique securities litigation law firms.\nThis past year, KSF was ranked by SCAS among the top 10 firms nationally based\nupon total settlement value. KSF serves a variety of clients, including public\nand private institutional investors, and retail investors - in seeking\nrecoveries for investment losses emanating from corporate fraud or malfeasance\nby publicly traded companies. KSF has offices in New York, Delaware,\nCalifornia, Louisiana, Chicago, and a representative office in Luxembourg.\n\nTOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services\n\nTo learn more about KSF, you may visit www.ksfcounsel.com.\n\n>>>For More Information about the case, Click HERE\n(https://api.newsfilecorp.com/redirect/WAy1aCW5mB)\n\nContact:\nKahn Swick & Foti, LLC\nLewis Kahn, Managing Partner\nlewis.kahn@ksfcounsel.com\n1-833-538-3653\n1100 Poydras St., Suite 960\nNew Orleans, LA 70163\n\nCONNECT WITH US: Facebook (https://api.newsfilecorp.com/redirect/qpanvtaX5o)\n|| Instagram (https://api.newsfilecorp.com/redirect/noan3CybmE) || YouTube\n(https://api.newsfilecorp.com/redirect/KLY1aTwvNx) || TikTok\n(https://api.newsfilecorp.com/redirect/EZoK7S2Aoq) || LinkedIn\n(https://api.newsfilecorp.com/redirect/xEan5UaYpe)\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/312742","article_body_html":"","raw_payload":{"data":{"id":"nNFC34B3lL","title":"Simply Good Foods Company Securities Fraud Class Action Result of Undisclosed Acquisition Failures and Over 27% Stock Decline - Investors May Contact Lewis Kahn, Esq., at Kahn Swick & Foti, LLC","author":"Newsfile Corp","ticker":"SMPL","created":"2026-09-03T01:53:48.851Z","tickers":["SMPL"],"exchange":"NASDAQ","article_body":"New York, New York and New Orleans, Louisiana--(Newsfile Corp. - September 2,\n2026) - Kahn Swick & Foti (https://api.newsfilecorp.com/redirect/OAqZaCR8ez),\nLLC (\"KSF\") and KSF partner, former Attorney General of Louisiana, Charles C.\nFoti, Jr., remind investors with substantial losses that they have until\nOctober 13, 2026 to file lead plaintiff applications in a securities class\naction lawsuit against Simply Good Foods Company\n(https://api.newsfilecorp.com/redirect/Pqn1acbyek) (\"Simply Good\" or the\n\"Company\") (NASDAQ: SMPL), if they purchased or otherwise acquired the\nCompany's shares between October 24, 2024 and April 8, 2026, inclusive (the\n\"Class Period\"). This action is pending in the United States District Court\nfor the Southern District of New York.\n\nCannot view this video? Visit:\nhttps://www.youtube.com/watch?v=dVH_Vw412MY\n\nWhat You May Do\n\nIf you purchased shares of Simply Good as above and would like to discuss your\nlegal rights and how this case might affect you and your right to recover for\nyour economic loss, you may, without obligation or cost to you, contact KSF\nManaging Partner Lewis Kahn toll-free at 1-833-538-3653 or via email\n(lewis.kahn@ksfcounsel.com), or visit\nhttps://www.ksfcounsel.com/cases/nasdaqcm-smpl/ to learn more. If you wish to\nserve as a lead plaintiff in this class action, you must petition the Court by\nOctober 13, 2026.\n\n>>>CLICK HERE (https://api.newsfilecorp.com/redirect/ppanjta2GV) for more\ninformation\n\nAbout the Lawsuit\n\nSimply Good and certain of its executives are charged with failing to disclose\nmaterial information during the Class Period, violating federal securities\nlaws.\n\nOn October 23, 2025, the Company announced its Q4 and YE August 30, 2025\nfinancial results, disclosing that its OWYN (Only What You Need, Inc.)\nsegment, acquired in 2024 for $280 million, had suffered a slowdown in sales\ngrowth due to a previously undisclosed product quality issue, specifically,\nthat \"a raw material sourcing decision for pea protein,\" which predated the\nclose of the OWYN acquisition but was implemented shortly thereafter, had\n\"resulted in taste and texture issues\" as the products aged, leading to\nnegative product ratings and reviews and depressed sales for OWYN. The Company\nalso disclosed disappointing 2026 net sales guidance in the range of negative\n2% to positive 2%, a decline in the rate of growth of at least 75% from the 9%\nnet sales growth it had reported for fiscal 2025. On this news, the price of\nSimply Good shares fell more than 17%.\n\nThen, on April 9, 2026, the Company announced its Q2 2026 earnings results,\ndisclosing that OWYN's quarterly sales had contracted by nearly 17%\nyear-over-year, as well as a $187 million impairment charge against its OWYN\nbrand intangible assets and reduction of 2026 net sales outlook to a range of\nnegative 7% to negative 10%. On this news, the price of Simply Good shares\nfell more than 27% over a two-day trading period.\n\nThe case is Monroe County Employees' Retirement System v. The Simply Good\nFoods Company, No. 26-cv-06971.\n\n>>>To Learn More, Click HERE\n(https://api.newsfilecorp.com/redirect/YEy1aUWJgo)\n\nAbout Kahn Swick & Foti (https://api.newsfilecorp.com/redirect/0pbPQtwmD2),\nLLC\n\nKSF, whose partners include former Louisiana Attorney General Charles C. Foti,\nJr., is one of the nation's premier boutique securities litigation law firms.\nThis past year, KSF was ranked by SCAS among the top 10 firms nationally based\nupon total settlement value. KSF serves a variety of clients, including public\nand private institutional investors, and retail investors - in seeking\nrecoveries for investment losses emanating from corporate fraud or malfeasance\nby publicly traded companies. KSF has offices in New York, Delaware,\nCalifornia, Louisiana, Chicago, and a representative office in Luxembourg.\n\nTOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services\n\nTo learn more about KSF, you may visit www.ksfcounsel.com.\n\n>>>For More Information about the case, Click HERE\n(https://api.newsfilecorp.com/redirect/WAy1aCW5mB)\n\nContact:\nKahn Swick & Foti, LLC\nLewis Kahn, Managing Partner\nlewis.kahn@ksfcounsel.com\n1-833-538-3653\n1100 Poydras St., Suite 960\nNew Orleans, LA 70163\n\nCONNECT WITH US: Facebook (https://api.newsfilecorp.com/redirect/qpanvtaX5o)\n|| Instagram (https://api.newsfilecorp.com/redirect/noan3CybmE) || YouTube\n(https://api.newsfilecorp.com/redirect/KLY1aTwvNx) || TikTok\n(https://api.newsfilecorp.com/redirect/EZoK7S2Aoq) || LinkedIn\n(https://api.newsfilecorp.com/redirect/xEan5UaYpe)\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/312742"},"type":"article","timestamp":"2026-09-03T01:53:48.898826409Z","server_sent_at_ms":1788400428898},"received_at":"2026-09-03T01:53:48.958Z","source_url":"https://www.newsfilecorp.com/release/312742"},"analysis":{"id":"123462","press_release_id":"134572","analysis_json":{"industry":{"label":"Food Products","sector":"Consumer Staples"},"redFlags":["Pending securities class action (S.D.N.Y., No. 26-cv-06971) alleging concealment of OWYN product quality issue during the Oct 2024-Apr 2026 class period","$187 million impairment charge against OWYN brand intangible assets","FY2026 net sales outlook cut to negative 7% to negative 10% from prior negative 2% to positive 2%","OWYN segment sales contracted nearly 17% year-over-year in Q2 2026"],"eventType":"legal_litigation","narrative":"Kahn Swick & Foti, LLC is reminding investors with substantial losses in Simply Good Foods (NASDAQ: SMPL) that they have until October 13, 2026 to file lead plaintiff applications in a pending securities class action in the U.S. District Court for the Southern District of New York.\n\nThe suit alleges Simply Good and certain executives failed to disclose a raw material pea protein sourcing decision tied to the $280 million OWYN acquisition that caused taste and texture issues, negative product reviews, and depressed sales.\n\nDisclosures cited in the case include the October 23, 2025 announcement that sent shares down more than 17%, and the April 9, 2026 Q2 report showing OWYN sales down nearly 17% year-over-year, a $187 million impairment of OWYN brand intangibles, and a FY26 net sales outlook cut to negative 7% to negative 10%, which drove a two-day stock decline of more than 27%.\n\nThis is a plaintiff-firm solicitation rather than issuer disclosure; the underlying operational deterioration was previously reported by the company.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation on the SMPL class action -- suppress as low-signal marketing, though it recaps known OWYN impairment and guidance cut."},"keyFigures":{"guidance":"FY2026 net sales outlook reduced from negative 2% to positive 2% (initial, Oct 2025) down to negative 7% to negative 10% (April 2026)","customDimensions":{"class_period":"October 24, 2024 to April 8, 2026","owyn_q2_sales_yoy":"nearly -17%","owyn_acquisition_price":280000000,"owyn_impairment_charge":187000000,"fy2025_net_sales_growth":"9%","lead_plaintiff_deadline":"October 13, 2026","stock_decline_oct_23_2025":"more than 17%","stock_decline_apr_2026_two_day":"more than 27%"}},"quotedText":"resulted in taste and texture issues","namedEntities":{"people":[{"name":"Lewis Kahn","role":"Managing Partner, Kahn Swick & Foti, LLC"},{"name":"Charles C. Foti, Jr.","role":"KSF partner and former Attorney General of Louisiana"}],"products":["OWYN","pea protein"],"companies":[{"name":"Simply Good Foods Company","ticker":"SMPL","relationship":"class action defendant (filer)"},{"name":"Kahn Swick & Foti, LLC","relationship":"plaintiff law firm issuing solicitation"},{"name":"OWYN (Only What You Need, Inc.)","relationship":"subsidiary acquired by filer in 2024 for $280 million"},{"name":"Monroe County Employees' Retirement System","relationship":"lead plaintiff in the class action"}],"dollarAmounts":[{"amount":"$280 million","context":"price paid for OWYN acquisition in 2024"},{"amount":"$187 million","context":"impairment charge against OWYN brand intangible assets"}]},"materialImpact":{"score":1,"reasoning":"This is a plaintiff law-firm solicitation issued by Kahn Swick & Foti seeking lead plaintiff applicants; no class certification or settlement is announced, so it scores 1 per the downscore rule. The release merely recaps previously disclosed SMPL events (OWYN impairment, guidance cut, stock declines)."},"tickerRelevance":{"others":[],"primary":"SMPL"},"globalImportance":14,"audienceRelevance":12,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap consumer staples","eventGravity":"law-firm-solicitation","issuerAuthored":false,"classActionStatus":"pending; no class certification or settlement announced","retailFavoriteBoost":0,"underlyingDisclosureRecap":["$187M OWYN brand impairment","FY26 net sales outlook cut to -7% to -10%",">27% two-day stock decline after April 2026 Q2 report"]}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Kahn Swick & Foti, LLC is reminding investors with substantial losses in Simply Good Foods (NASDAQ: SMPL) that they have until October 13, 2026 to file lead plaintiff applications in a pending securities class action in the U.S. District Court for the Southern District of New York.\n\nThe suit alleges Simply Good and certain executives failed to disclose a raw material pea protein sourcing decision tied to the $280 million OWYN acquisition that caused taste and texture issues, negative product reviews, and depressed sales.\n\nDisclosures cited in the case include the October 23, 2025 announcement that sent shares down more than 17%, and the April 9, 2026 Q2 report showing OWYN sales down nearly 17% year-over-year, a $187 million impairment of OWYN brand intangibles, and a FY26 net sales outlook cut to negative 7% to negative 10%, which drove a two-day stock decline of more than 27%.\n\nThis is a plaintiff-firm solicitation rather than issuer disclosure; the underlying operational deterioration was previously reported by the company.","key_figures":{"guidance":"FY2026 net sales outlook reduced from negative 2% to positive 2% (initial, Oct 2025) down to negative 7% to negative 10% (April 2026)","customDimensions":{"class_period":"October 24, 2024 to April 8, 2026","owyn_q2_sales_yoy":"nearly -17%","owyn_acquisition_price":280000000,"owyn_impairment_charge":187000000,"fy2025_net_sales_growth":"9%","lead_plaintiff_deadline":"October 13, 2026","stock_decline_oct_23_2025":"more than 17%","stock_decline_apr_2026_two_day":"more than 27%"}},"named_entities":{"people":[{"name":"Lewis Kahn","role":"Managing Partner, Kahn Swick & Foti, LLC"},{"name":"Charles C. Foti, Jr.","role":"KSF partner and former Attorney General of Louisiana"}],"products":["OWYN","pea protein"],"companies":[{"name":"Simply Good Foods Company","ticker":"SMPL","relationship":"class action defendant (filer)"},{"name":"Kahn Swick & Foti, LLC","relationship":"plaintiff law firm issuing solicitation"},{"name":"OWYN (Only What You Need, Inc.)","relationship":"subsidiary acquired by filer in 2024 for $280 million"},{"name":"Monroe County Employees' Retirement System","relationship":"lead plaintiff in the class action"}],"dollarAmounts":[{"amount":"$280 million","context":"price paid for OWYN acquisition in 2024"},{"amount":"$187 million","context":"impairment charge against OWYN brand intangible assets"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-03T01:55:09.431Z","global_importance":14,"audience_relevance":12,"importance_components":{"tickerTier":"small-cap consumer staples","eventGravity":"law-firm-solicitation","issuerAuthored":false,"classActionStatus":"pending; no class certification or settlement announced","retailFavoriteBoost":0,"underlyingDisclosureRecap":["$187M OWYN brand impairment","FY26 net sales outlook cut to -7% to -10%",">27% two-day stock decline after April 2026 Q2 report"]}},"durationMs":80452,"modelName":"glm-4.7"}}