The Simply Good Foods Company reported a net loss of $52.0 million for the fiscal third quarter ended May 30, 2026, compared to a net income of $41.1 million in the prior year period. Net sales for the quarter decreased by 6.3% to $357.0 million, primarily due to a significant decline in Atkins brand sales (-24.6%), partially offset by modest growth in Quest (1.1%) and OWYN (3.6%). Adjusted EBITDA for the quarter was $57.2 million, a decrease of 22.5% from the prior year's $73.9 million. The company recorded a substantial non-cash impairment charge of $82.0 million related to Goodwill and intangible assets for the Atkins and OWYN brands. For the full fiscal year 2026, the company now expects net sales to range between $1.345 and $1.355 billion, representing a year-over-year decline of approximately 6% to 7%. The updated fiscal year outlook also projects gross margins to decline by approximately 375 basis points and Adjusted EBITDA to be between $220 and $225 million, a decrease of 19% to 21% year-over-year.