The Simply Good Foods pany(SMPL) - 2026 Q1 - Earnings Call Presentation

Financial Performance & Outlook - Q1 2026 net sales were $340.2 million, a slight decrease of 0.3% year-over-year[33] - Q1 2026 adjusted EBITDA decreased by 20.6% year-over-year to $55.6 million[37] - The company reaffirms its fiscal year 2026 outlook for net sales, projecting a range of -2% to +2%[11] - The company reaffirms its fiscal year 2026 outlook for adjusted EBITDA, projecting a range of -4% to +1%[11] - Gross margin for fiscal year 2026 is expected to decline by -150 to -100 basis points[44] Brand Performance - Quest and OWYN accounted for 71% of the company's Q1 net sales and grew aggregate consumption by 13%[11] - Quest Q1 retail takeaway grew 12%[13] - Atkins Q1 retail takeaway declined 19%[18] - OWYN Q1 retail takeaway grew 18%[25] Capital Allocation - The company repurchased approximately 7% of its outstanding shares through January 6, 2026, totaling nearly $150 million[11] - An additional share repurchase authorization of $200 million was announced, leaving approximately $224 million available as of January 6, 2026[12]