The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed on behalf of investors who acquired Simply Good Foods Company (“Good Foods” or the “Company”) (NASDAQ: SMPL) securities during the period of October 24, 2024 through April 8, 2026, inclusive (“the Class Period”). Investors are encouraged to contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below to discuss your rights or interests in the securities fraud class action lawsuit at no cost.
If you suffered a loss on your Good Foods investments, you have until October 13, 2026 to request lead plaintiff appointment. Courts do not consider lead plaintiff applications submitted after this deadline. If you choose to take no action, you may remain an absent class member. For more information about the lawsuit:
[CONTACT THE FIRM IF YOU SUFFERED A LOSS]
What Is This Lawsuit About? The lawsuit alleges that Good Foods made materially false and/or misleading statements and failed to disclose to investors that: (i) following the June 2024 acquisition of OWYN (the “Acquisition”), Good Foods had lost key managerial personnel necessary for the successful integration of the acquired OWYN assets, impairing the Company’s ability to achieve the Acquisition’s purported strategic initiatives and financial and operational targets; (ii) Good Foods had materially increased its general and administrative spending to compensate for the loss of key managerial personnel, leading to an inefficient and bloated organizational structure and a lack of clear and cohesive strategic priorities for its OWYN segment; (iii) the addition of a new pea protein supplier for OWYN formulations prior to the Acquisition had created significant product quality issues, which had negatively impacted the taste, texture, and shelf-life of OWYN products, leading to negative product reviews, depressed consumer sales, and the loss of important distributor relationships; (iv) in an effort to boost short-term sales, Good Foods offered discounts and engaged in other promotional activities for OWYN products above its historical practices, eroding the Company’s margins but failing to achieve the desires sales turnaround; (v) to stem the margin erosion being suffered in its OWYN segment, Good Foods cut brand support and marketing for OWYN, further depressing product sales; and (vi) as a result of the foregoing, the Acquisition had largely failed to achieve its key goals.
On October 23, 2025, Good Foods reported its fourth quarter 2025 financial results, revealing that the Company’s OWYN segment had suffered a slowdown in sales growth. The Company revealed that end user consumption of OWYN branded products had declined due to a previously undisclosed product quality issue, explaining that a “raw material sourcing decision for pea protein” had “resulted in taste and texture issues,” leading to depressed sales. The Company also provided 2026 net sales guidance in the range of negative 2% to positive 2%, a 75% decline in rate of growth from the 9% net sales growth the Company reported for fiscal year 2025. On this news, Good Food’s stock price fell $4.33, or 17%, to close at $20.63 per share on October 23, 2025.
On April 9, 2026, Good Foods announced its second quarter 2026 earnings results, revealing that consumer consumption had plummeted across all the Company’s brands, and OWYN’s quarterly sales had contracted by nearly 17% year-over-year. On this news, Good Food’s stock price fell $3.97 over two days, or 27%, to close at $10.44 per share on April 10, 2026.
[LEARN MORE ABOUT THE LAWSUIT]
The Lead Plaintiff Appointment Process. The federal securities laws permit any investor who acquired eligible securities during the class period to seek appointment as lead plaintiff in a class action lawsuit. Learn more about the lead plaintiff process and eligibility requirements here. Courts typically appoint the investor(s) with the largest financial loss in the case and the ability to represent the class rather than investors with simply the largest investment portfolio. Courts regularly appoint individual investors, whether acting alone or as a group, as lead plaintiffs. The rights of any investor who bought shares during the class period are generally already protected. However, lead plaintiffs have the power to influence case strategy and have a say in settlement decisions, as well as decisions concerning allocation of settlement funds among class members.
[LEARN MORE ABOUT THE LEAD PLAINTIFF PROCESS]
What Should I Do? If you purchased or otherwise acquired Good Foods securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260818339162/en/
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