SMPL UPCOMING DEADLINE: Levi & Korsinsky Alerts The Simply Good Foods Company Stockholders of Securities Class Action - Contact the Firm

A securities class action alleges Simply Good Foods' SEC filings warned only that it "may not accomplish the integration of an acquired business smoothly" while OWYN integration failures were already underway, as SMPL fell from over $40 to under $11 per share.

NEW YORK, Sept. 16, 2026 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in The Simply Good Foods Company (NASDAQ: SMPL) that a securities class action has been filed on behalf of shareholders who purchased securities between October 24, 2024 and April 8, 2026. Submit your information now. You may also contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.

SMPL shares declined more than 27% over a two-day trading period from $14.41 per share on April 8, 2026, following Company disclosure of a $187 million impairment against OWYN brand intangibles in the second quarter of fiscal 2026, part of a cumulative $200 million write-down on a brand acquired for $280 million. Motions for appointment as lead plaintiff must be filed by October 13, 2026.

What the Company Disclosed

SEC filings stated that the Company "may not accomplish the integration of an acquired business smoothly, successfully or within the anticipated costs or timeframe." Annual and quarterly reports repeatedly described the OWYN purchase as part of a "vision to lead the nutritious snacking movement." The complaint challenges whether that contingent, forward-looking framing adequately described conditions the lawsuit alleges had already materialized.

Disclosure Gaps Alleged

• Item 303 of SEC Regulation S-K requires description of known trends or uncertainties reasonably likely to materially affect net sales; the action alleges the faltering OWYN integration was such a trend and went undescribed.
• Item 105 requires risk factors that adequately describe the specific risk; the complaint contends the filings offered generic contingency language instead.
• The pea protein sourcing change that allegedly caused taste, texture, and shelf-life problems was not identified in periodic reports until the October 23, 2025 earnings disclosure, according to the complaint.
• Departures of key OWYN managers and the resulting general and administrative buildup were allegedly omitted from filings.
• Elevated discounting and reduced brand support, alleged to have eroded margins toward the middle 30s against a roughly 40% target, were allegedly not disclosed as known trends.
• Fiscal 2026 net sales guidance moved from a 9% growth rate reported for fiscal 2025 to a range of negative 7% to negative 10%.

Why Generic Warnings May Not Protect

"Generic risk factor language cannot substitute for disclosing specific, known problems that are already affecting a company's operations. The complaint raises the question of whether a warning that integration 'may not' go smoothly was adequate when integration problems had allegedly already occurred." -- Joseph E. Levi, Esq.

Find out if you might qualify to recover losses or call (212) 363-7500.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

Frequently Asked Questions About the SMPL Lawsuit

Q: What court was the SMPL class action filed in? A: The case was filed in the United States District Court for the Southern District of New York, governed by the Private Securities Litigation Reform Act of 1995.

Q: Who are the defendants named in the SMPL lawsuit? A: The complaint names The Simply Good Foods Company and individual defendants including senior executives who signed SEC filings, made public statements, or certified financial disclosures under Sarbanes-Oxley.

Q: What specific misstatements does the SMPL lawsuit allege? A: The complaint alleges Simply Good Foods made materially false or misleading statements regarding the integration and performance of the OWYN acquisition during the Class Period. When the Company disclosed contracting OWYN sales, a $187 million impairment, and reduced fiscal 2026 guidance, the stock price declined sharply.

Q: What do SMPL investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.

Q: What documents do I need to to submit my information? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.

Q: What if I already sold my SMPL shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.

Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in the securities class action, they are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.

Q: What if I missed the lead plaintiff deadline? A: The deadline applies only to investors seeking lead plaintiff appointment. Class members who miss it may still be able to participate in any potential settlement or recovery.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171

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SOURCE Levi & Korsinsky, LLP