Simply Good Foods beats Wall Street's low bar, raises FY26 outlook

Simply Good Foods (SMPL) shares rose despite a Q3 net loss of $52M and 6.3% revenue decline, as results beat Wall Street expectations. The company raised its FY26 sales outlook to a 6-7% drop, citing improved guidance. CEO Joe Scalzo emphasized focus on strengthening the business model and brand opportunities to return to sustainable growth.