The company now projects fiscal 2026 sales between $1.35 billion and $1.36 billion, nudging up from its previous guidance of $1.31 billion to $1.35 billion. Chief Executive Joe Scalzo attributed the optimism to early results from an ongoing strategic overhaul, suggesting the business is finding its footing despite recent volatility.
In section Market Quotes
Simply Good Foods Stock Surges After Upward Sales Guidance Shift
A 15% jump in premarket trading greeted Simply Good Foods on Thursday, as the packaged-foods company defied market pessimism by raising its full-year sales forecast. The move marks a sharp turnaround for a stock that had suffered a 36% decline since the start of the year.
Financial results for the third quarter ending May 30 reflect a complex transition. While top-line revenue dipped 6.3% to $357 million, the performance comfortably outpaced the $333 million contraction expected by FactSet analysts. Although the company reported a net loss of $52 million, or 58 cents per share, adjusted earnings—excluding one-time items—reached 42 cents a share, exceeding the 35-cent consensus estimate.
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