ClaimsFiler sets Oct. 13 lead plaintiff deadline in Simply Good Foods case

  • ClaimsFiler reminded SMPL investors about the proposed securities class action.
  • October 13, 2026, is the deadline to seek lead plaintiff appointment.
  • OWYN sales fell nearly 17%, while Simply Good recorded a $187 million impairment charge.

ClaimsFiler reminded investors that October 13, 2026, is the deadline to seek appointment as lead plaintiff in a proposed securities class action against The Simply Good Foods Company. The case, pending in the U.S. District Court for the Southern District of New York, covers investors who purchased SMPL shares between October 24, 2024, and April 8, 2026, inclusive. The complaint alleges that Simply Good Foods and certain executives failed to disclose material information about its 2024 acquisition of OWYN, including operational, integration and product-quality problems. Simply Good Foods paid $280 million for OWYN. The company said on October 23, 2025, that a raw-material sourcing decision involving pea protein had caused taste and texture problems as products aged, contributing to negative reviews and weaker OWYN sales. It also issued 2026 net sales guidance ranging from a 2% decline to 2% growth, versus 9% growth in fiscal 2025. SMPL shares fell more than 17% after that disclosure. On April 9, 2026, the company reported a nearly 17% year-over-year decline in quarterly OWYN sales, recorded a $187 million impairment charge against OWYN brand intangible assets and cut its 2026 net sales outlook to a decline of 7% to 10%; shares fell more than 27% over two trading days. No class has been certified.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.