SMPL Deadline Alert: SueWallSt Reminds The Simply Good Foods Company (SMPL) Investors of Securities Class Action Deadline on October 13, 2026

A securities class action alleges Simply Good Foods overstated the health of its $280 million OWYN acquisition, and SMPL shares repriced sharply on two disclosure dates, falling from Class Period highs above $40 to under $11

NEW YORK, Sept. 01, 2026 (GLOBE NEWSWIRE) -- SueWallSt alerts 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. Find out if you may qualify to recover losses. You may also contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com or (888) SueWallSt.

SMPL closed at $20.63 on October 23, 2025, down more than 17% from just under $25 the prior session, on above-average trading volume. By April 10, 2026, following the close of the Class Period, shares traded at about $10.44 per share, having fallen an additional 27% over the previous two days. Investors have until October 13, 2026 to seek lead plaintiff status.

How the Market Repriced SMPL Shares

The October 23, 2025 session was the first of two trading events at the center of the action. On that date the Company reported a slowdown in OWYN sales growth, disclosed that a raw material sourcing decision for pea protein had produced taste and texture problems in OWYN products, and issued fiscal 2026 net sales guidance of negative 2% to positive 2%, down sharply from the 9% growth reported for fiscal 2025. The lawsuit maintains that shares remained artificially inflated even after this decline because the scope of the alleged integration failure had not yet been disclosed.

The April 9, 2026 Repricing Event

• OWYN quarterly sales contracted by nearly 17% year over year, versus prior guidance of double-digit growth.
• The Company recorded a $187 million impairment charge against OWYN brand intangible assets.
• Cumulative impairments reached $200 million, more than 70% of the $280 million purchase price.
• Fiscal 2026 net sales guidance was cut to a range of negative 7% to negative 10%.
• Original fiscal 2025 OWYN guidance of $135 million to $145 million in net sales was never a reflection of the alleged operating reality, plaintiffs assert.
• Shares closed the Class Period below $11, against Class Period highs above $40.

"Two separate trading sessions removed a substantial portion of SMPL's market value, and the complaint alleges that each followed disclosure of information investors were entitled to receive earlier. Investors who purchased during the Class Period may want to review the allegations regarding the OWYN acquisition." -- Joseph E. Levi, Esq.

Submit your information here or call (888) SueWallSt.

WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. 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: How much did SMPL stock drop? A: The action contends that shares declined more than 70% from Class Period highs of more than $40 per share. Specifically, over a two-day period, shares declined approximately 27%, or nearly $4 per share, to close at $10.44 per share on April 10, 2026. Investors who purchased shares during the Class Period at artificially inflated prices and suffered losses may be eligible to seek compensation.

Q: What specific misstatements does the SMPL lawsuit allege? A: The complaint alleges The Simply Good Foods Company made materially false or misleading statements regarding the integration and performance of the OWYN acquisition, including that the integration was "progressing as planned" and later that it had "gone well," during the Class Period. When the OWYN sales contraction, product quality issues, and a $187 million impairment charge were disclosed, the stock price declined sharply.

Q: When did The Simply Good Foods Company allegedly mislead investors? A: The Class Period runs from October 24, 2024 to April 8, 2026. The complaint alleges that corrective disclosures revealed information that caused a significant stock decline.

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 is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.

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: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

jlevi@SueWallSt.com

Tel: (888) SueWallSt

Fax: (212) 363-7171

Attorney Advertising. Prior results do not guarantee similar outcomes.