Securities Fraud Investigation Into The Simply Good Foods Company (SMPL) Continues – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
Securities Fraud Investigation Into The Simply Good Foods Company (SMPL) Continues – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of The Simply Good Foods Company (“Simply Good” or the “Company”) (NASDAQ: SMPL) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON THE SIMPLY GOOD FOODS COMPANY (SMPL), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
On October 23, 2025, Simply Good released its fourth quarter 2025 financial results, disclosing among other things, a “quality issue” with the Company’s recently acquired OWYN brand, “related to a raw material sourcing decision for pea protein made prior to the closing of the acquisition.”
On this news, Simply Good’s stock price fell $4.33, or 17.35%, to close at $20.63 per share on October 23, 2026, thereby injuring investors.
Then, on April 9, 2026, Simply Good released its second quarter 2026 financial results, revealing a decline in net sales “largely driven by poor retail takeaway” including that “OWYN consumption declined year over year due” in part to “poor base velocities.” The Company also reported a net loss of $159.7 million due to a $249.0 million non-cash impairment charge related to the Atkins brand and OWYN brand intangible assets as the “result of a challenging fiscal year 2026 and updated projections of future revenue.”
On this news, Simply Good’s stock price fell $2.61, or 18.1%, to close at $11.80 per share on April 9, 2026, thereby injuring investors further.
Contact Us To Participate or Learn More:
If you purchased Simply securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz
310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
