SMPL INVESTOR ALERT: Wolf Popper LLP Announces A Securities Class Action Lawsuit on Behalf of The Simply Good Foods Company Investors

Investors Who Purchased The Simply Good Foods Company Common Stock Between October 24, 2024 and April 8, 2026 May Seek Appointment as Lead Plaintiff by October 13, 2026

NEW YORK, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Wolf Popper LLP, a law firm representing investors in securities litigation, announces that a securities class action lawsuit has been filed against The Simply Good Foods Company (“Simply Good” or the “Company”) (NASDAQ: SMPL).

The lawsuit is brought on behalf of investors who purchased or otherwise acquired Simply Good common stock between October 24, 2024 and April 8, 2026, inclusive. Investors seeking appointment as lead plaintiff must file a motion with the Court by October 13, 2026.

The case, Monroe County Employees’ Retirement System v. The Simply Good Foods Company, No. 26-cv-06971, is pending in the United States District Court for the Southern District of New York.

WHAT IS THE CASE ABOUT?

The lawsuit concerns Simply Good’s approximately $280 million acquisition of Only What You Need, Inc. (“OWYN”) and statements the Company made regarding OWYN’s integration, business performance, and future prospects.

According to the complaint, Simply Good’s positive statements failed to disclose significant problems affecting the OWYN business, including:

• the loss of key managerial personnel following the acquisition;
• an increasingly layered organizational structure created in response to those personnel losses;
• product-quality problems involving a new pea-protein supplier that allegedly affected the taste, texture, and shelf life of OWYN products;
• weakening consumer demand, negative product reviews, and the loss of distributor relationships;
• increased discounting and promotional activity designed to stimulate sales, which allegedly pressured margins without producing the intended turnaround; and
• reductions in brand support and marketing that allegedly contributed to further weakness in OWYN sales.

The complaint alleges that these problems undermined the strategic and financial rationale for the OWYN acquisition while Simply Good continued to make favorable statements about OWYN and the progress of its integration.

WHAT HAPPENED?

On October 23, 2025, Simply Good disclosed that OWYN’s sales growth had slowed and that consumer consumption had been adversely affected by a product-quality issue. According to the complaint, Simply Good shares fell more than 17% that day.

On April 9, 2026, Simply Good reported that OWYN quarterly sales had declined nearly 17% year over year and recorded an approximately $187 million impairment charge related to OWYN. Management also acknowledged that certain strategic decisions had ultimately weakened the business’s performance. Simply Good shares declined more than 27% over the next two trading days.

The lawsuit alleges that, as a result of defendants’ materially false and misleading statements and omissions, investors purchased Simply Good shares at artificially inflated prices.

WHAT CAN SIMPLY GOOD FOODS INVESTORS DO?

If you purchased or acquired Simply Good common stock between October 24, 2024 and April 8, 2026 and suffered a loss, you may contact Adam Savett at (212) 451-9655 or [email protected] to discuss your legal rights.

Investors who wish to seek appointment as lead plaintiff must file a motion with the Court no later than October 13, 2026. You do not need to serve as lead plaintiff to participate in any potential recovery.

Wolf Popper has successfully recovered billions of dollars for defrauded investors. Wolf Popper’s reputation and expertise have been repeatedly recognized by courts that have appointed the firm to major positions in securities litigation. For more information about Wolf Popper, please visit the Firm’s website at www.wolfpopper.com.

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Wolf Popper LLP
Adam Savett
570 Lexington Avenue
New York, NY 10022
Tel.: (212) 451-9655
Email: [email protected]