Packaged food company Simply Good Foods (NASDAQ: SMPL) will be reporting earnings this Thursday before market open. Here’s what to expect.
Simply Good Foods beat analysts’ revenue expectations last quarter, reporting revenues of $340.2 million, flat year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but a miss of analysts’ gross margin estimates.
Is Simply Good Foods a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Simply Good Foods’s revenue to decline 4.3% year on year, a reversal from the 15.2% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Simply Good Foods has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Simply Good Foods’s peers in the shelf-stable food segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Lamb Weston delivered year-on-year revenue growth of 2.9%, beating analysts’ expectations by 5.2%, and McCormick reported revenues up 16.7%, topping estimates by 5.1%. Lamb Weston traded down 6.9% following the results while McCormick was also down 9.9%.
Read our full analysis of Lamb Weston’s results here and McCormick’s results here.
Late 2025's AI disruption anxiety drove a defensive rotation, but by spring 2026 the US-Iran conflict had become the dominant story, proving that markets rarely dwell on one narrative for long. While some of the shelf-stable food stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.8% on average over the last month. Simply Good Foods is down 5.8% during the same time and is heading into earnings with an average analyst price target of $25.30 (compared to the current share price of $14.60).
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