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Simply Good Foods (SMPL) Q1 FY26 earnings results (first quarter fiscal 2026)

10-Q filed Jan 8, 2026

Simply Good Foods (SMPL) reported revenue of $340M for the first quarter fiscal 2026 (Q1 FY26), -0.3% from a year earlier and -8% from the quarter before. Operating margin was 11.0%, net earnings $25.3M (7.4% of revenue).

Revenue$340M
Year over year-0.3%
Quarter over quarter-8%
Operating margin11.0%
Net earnings$25.3M

Simply Good Foods, Q1 FY26: revenue $340M (-0.3% year over year), operating margin 11.0%, net earnings $25.3M, operating cash flow $50.1M. The chart follows the revenue to costs, profit and cash.

Q1 FY26AmountQ/QY/Y
Revenue$340M-8%-0.3%
Gross profit$110M-13%-16%
Operating profit$37.6M—-31%
Net earnings$25.3M—-34%
Operating cash flow$50.1M+10%+56%
Free cash flow$48.0M+76%+51%

What changed

Revenue was $340.2M in Q1 FY26, roughly flat year over year and down 8% from the previous quarter.

Gross margin was 32.3%, down 5.9 points from a year earlier. Operating profit was $37.6M, a 11.0% margin (down 5.0 points year over year). Operating expenses fell 5% while revenue was flat. Net earnings were $25.3M, down 34% year over year. The effective tax rate was 25.3%.

Operating cash flow was $50.1M (up 56% year over year), 198% of net earnings. Non-cash charges added back $6.2M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items added $15.5M. Capital expenditures of $2.1M left free cash flow of $48.0M.

Questions

What was Simply Good Foods' revenue in the first quarter fiscal 2026?

Simply Good Foods (SMPL) reported revenue of $340M for the first quarter fiscal 2026 (Q1 FY26), -0.3% from a year earlier and -8% from the quarter before.

Was Simply Good Foods profitable in the first quarter fiscal 2026?

Operating profit was $37.6M (11.0% of revenue) and net earnings $25.3M.

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Source: Simply Good Foods 10-Q on SEC EDGAR.