{"success":true,"data":{"pressRelease":{"id":"155458","rtpr_id":"nGNXc7NXjp-20260929","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":"2026-09-29T13:00:02.891Z","article_body":"LOS ANGELES, Sept. 29, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm\n(https://www.globenewswire.com/Tracker?data=KZev5IiEL8OOS7t9l4R9Y2au9zyxeFIxbdnHRiYyNCsx1IQe336Mc0q0Ddj7Dor-3R_MTtyWNhOP6PSKelHsVptPgxR2kMfIFJogS9vWLR4bOhYfThGILGfYS2ESrv7iHkWN8ekO7jZb2uD0TWxESQ==)\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=tKEPiYOwfWaVRjZeGHycocsLv5dxVBj0lDBLcXdI5Sxfj5xZ2I8HEia0Ed78m-EvlF9ArT3dmJjTPyScZ1h_CLmHJDyFu_3yr6gtD8jMqbJAsTy126A7r4CXxMtgqtl6), by\nphone 310-692-8883 or email\n(https://www.globenewswire.com/Tracker?data=t7VMLtR5c1KlOcQtYTCLJbrCZ4362N5_me4N1hZ2q9X2W57R7dl8j_BhXNz8nqI9Bqvsj8KFI3qw79HmZUNOaeltIE6rXbMEg0wqW-SHNTw=):\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":"nGNXc7NXjp-20260929","title":"Portnoy Law Firm Announces Class Action on Behalf of The Simply Good Foods Company Investors","author":"Globe Newswire","ticker":"SMPL","created":"2026-09-29T13:00:02.891Z","tickers":["SMPL"],"exchange":"NASDAQ","article_body":"LOS ANGELES, Sept. 29, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm\n(https://www.globenewswire.com/Tracker?data=KZev5IiEL8OOS7t9l4R9Y2au9zyxeFIxbdnHRiYyNCsx1IQe336Mc0q0Ddj7Dor-3R_MTtyWNhOP6PSKelHsVptPgxR2kMfIFJogS9vWLR4bOhYfThGILGfYS2ESrv7iHkWN8ekO7jZb2uD0TWxESQ==)\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=tKEPiYOwfWaVRjZeGHycocsLv5dxVBj0lDBLcXdI5Sxfj5xZ2I8HEia0Ed78m-EvlF9ArT3dmJjTPyScZ1h_CLmHJDyFu_3yr6gtD8jMqbJAsTy126A7r4CXxMtgqtl6), by\nphone 310-692-8883 or email\n(https://www.globenewswire.com/Tracker?data=t7VMLtR5c1KlOcQtYTCLJbrCZ4362N5_me4N1hZ2q9X2W57R7dl8j_BhXNz8nqI9Bqvsj8KFI3qw79HmZUNOaeltIE6rXbMEg0wqW-SHNTw=):\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":"2026-09-29T13:00:03.53893214Z","server_sent_at_ms":1790686803538},"received_at":"2026-09-29T13:00:03.589Z","source_url":null},"analysis":{"id":"144190","press_release_id":"155458","analysis_json":{"industry":{"label":"Packaged Foods & Meats","sector":"Consumer Staples"},"redFlags":["lawsuit alleges undisclosed OWYN product-quality and integration failures","underlying impairments and guidance cuts already disclosed; watch for further OWYN sales deterioration"],"eventType":"legal_litigation","narrative":"The Portnoy Law Firm announced a class action against Simply Good Foods (SMPL) on behalf of investors who bought shares between October 24, 2024 and April 8, 2026, with a lead plaintiff deadline of October 13, 2026.\n\nThe suit alleges the company misled investors about OWYN acquisition integration failures, including product quality issues from a pea protein sourcing change, rising G&A spend, and margin erosion; SMPL fell more than 17% after October 2025 disclosures and more than 27% after April 2026 results that included a $187 million OWYN impairment.\n\nThis release is law-firm solicitation marketing rather than a new company disclosure, so it adds no incremental information for investors.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm class-action solicitation on SMPL -- suppress; underlying OWYN impairment already public."},"keyFigures":{},"namedEntities":{"people":[{"name":"Lesley F. Portnoy","role":"attorney, founding partner of Portnoy Law Firm"},{"name":"Geoff E. Tanner","role":"Simply Good Foods executive (defendant)"}],"products":["OWYN"],"companies":[{"name":"The Simply Good Foods Company","ticker":"SMPL","relationship":"class action target"},{"name":"Portnoy Law Firm","relationship":"plaintiff law firm"},{"name":"Only What You Need, Inc. (OWYN)","relationship":"acquired business at issue in claims"}],"dollarAmounts":[{"amount":"$187 million","context":"impairment charge against OWYN brand intangible assets (per lawsuit allegations)"},{"amount":"$5.5 billion","context":"prior recoveries claimed by the law firm's founding partner"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm solicitation issued by the Portnoy Law Firm seeking lead-plaintiff candidates; no new issuer disclosure, no certified class, and no settlement. The underlying disclosures (OWYN impairment, guidance cut) were already public."},"tickerRelevance":{"others":[],"primary":"SMPL"},"globalImportance":15,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"underlyingDisclosureAlreadyPublic":true}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"The Portnoy Law Firm announced a class action against Simply Good Foods (SMPL) on behalf of investors who bought shares between October 24, 2024 and April 8, 2026, with a lead plaintiff deadline of October 13, 2026.\n\nThe suit alleges the company misled investors about OWYN acquisition integration failures, including product quality issues from a pea protein sourcing change, rising G&A spend, and margin erosion; SMPL fell more than 17% after October 2025 disclosures and more than 27% after April 2026 results that included a $187 million OWYN impairment.\n\nThis release is law-firm solicitation marketing rather than a new company disclosure, so it adds no incremental information for investors.","key_figures":{},"named_entities":{"people":[{"name":"Lesley F. Portnoy","role":"attorney, founding partner of Portnoy Law Firm"},{"name":"Geoff E. Tanner","role":"Simply Good Foods executive (defendant)"}],"products":["OWYN"],"companies":[{"name":"The Simply Good Foods Company","ticker":"SMPL","relationship":"class action target"},{"name":"Portnoy Law Firm","relationship":"plaintiff law firm"},{"name":"Only What You Need, Inc. (OWYN)","relationship":"acquired business at issue in claims"}],"dollarAmounts":[{"amount":"$187 million","context":"impairment charge against OWYN brand intangible assets (per lawsuit allegations)"},{"amount":"$5.5 billion","context":"prior recoveries claimed by the law firm's founding partner"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-29T13:00:19.737Z","global_importance":15,"audience_relevance":15,"importance_components":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"underlyingDisclosureAlreadyPublic":true}},"durationMs":6054,"modelName":"glm-5.3-flashx"}}