$SMPL

Simply Good Foods Co

CIK:0001702744|SEC Filings

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 30, 2026	May 31, 2025	May 30, 2026	May 31, 2025
Income Statement [Abstract]
Net sales	$ 356,983	$ 380,956	$ 1,023,194	$ 1,081,879
Cost of goods sold	240,884	242,437	694,162	682,737
Gross profit	116,099	138,519	329,032	399,142
Operating expenses:
Selling and marketing	39,173	33,799	97,017	101,871
General and administrative	40,453	41,229	113,334	115,306
Depreciation and amortization	4,337	4,171	13,279	12,479
Business transaction costs	0	0	0	820
Loss on impairment	82,000	0	331,000	0
Total operating expenses	165,963	79,199	554,630	230,476
(Loss) income from operations	(49,864)	59,320	(225,598)	168,666
Other income (expense):
Interest income	689	673	2,068	2,150
Interest expense	5,776	4,900	15,895	19,099
Gain (loss) on foreign currency transactions	1	(337)	134	(342)
Other income	15	(14)	151	20
Nonoperating Income (Expense), Total	(5,071)	(4,578)	(13,542)	(17,271)
(Loss) income before income taxes	(54,935)	54,742	(239,140)	151,395
Income tax (benefit) expense	(2,963)	13,640	(52,739)	35,424
Net (loss) income	(51,972)	41,102	(186,401)	115,971
Other comprehensive income:
Foreign currency translation, net of reclassification adjustments	101	309	946	(504)
Comprehensive (loss) income	$ (51,871)	$ 41,411	$ (185,455)	$ 115,467
(Loss) earnings per share from net (loss) income:
Basic	$ (0.58)	$ 0.41	$ (1.99)	$ 1.15
Diluted	$ (0.58)	$ 0.40	$ (1.99)	$ 1.14
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Basic	89,940,680	100,923,690	93,677,801	100,787,087
Diluted	89,940,680	101,635,521	93,677,801	101,669,998

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	May 30, 2026	May 31, 2025
Operating activities
Net (loss) income	$ (186,401)	$ 115,971
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	18,096	15,480
Amortization of deferred financing costs and debt discount	491	1,334
Stock compensation expense	13,186	12,819
Loss on impairment	331,000	0
Estimated credit losses	19	231
Unrealized (gain) loss on foreign currency transactions	(134)	342
Deferred income taxes	(59,034)	10,583
Amortization of operating lease right-of-use asset	4,494	5,192
Other	4,864	1,063
Changes in operating assets and liabilities:
Accounts receivable, net	9,270	(2,382)
Inventories, net	(864)	(23,185)
Prepaid expenses	2,753	(1,612)
Other current assets	434	(783)
Accounts payable	(21,009)	12,887
Accrued interest	19	(221)
Accrued expenses and other current liabilities	(9,854)	(10,788)
Other assets and liabilities	(5,160)	(3,844)
Net cash provided by operating activities	102,170	133,087
Investing activities
Purchases of property and equipment	(10,090)	(2,516)
Acquisition of business, net of cash acquired	0	1,713
Investments in intangible and other assets	0	(1,389)
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	(10,090)	(2,192)
Financing activities
Proceeds from option exercises	1,056	11,956
Tax payments related to issuance of restricted stock units and performance stock units	(2,167)	(2,824)
Repurchase of common stock	(213,204)	(24,338)
Principal payments of long-term debt	0	(150,000)
Proceeds from issuance of long-term debt	150,000	0
Deferred financing costs	(2,632)	0
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	(66,947)	(165,206)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	25,133	(34,311)
Cash and cash equivalents
Effect of exchange rate on cash	283	(211)
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation, Ending Balance	123,884	98,008
Supplemental disclosures of cash flow information
Cash paid for interest	15,385	17,986
Cash paid for taxes	14,387	29,112
Operating lease right-of-use assets recognized in exchange for lease liabilities	0	15,880
Non-cash credits for repayment of note receivable	426	509
Non-cash additions to property and equipment	432	1,226
Non-cash additions to intangible assets	$ 0	$ 223

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 30, 2026	Aug. 30, 2025
Current assets:
Cash	$ 123,884	$ 98,468
Accounts receivable, net	156,067	164,978
Inventories, net	164,314	167,217
Prepaid expenses	4,432	7,209
Other current assets	15,441	15,812
Total current assets	464,138	453,684
Long-term assets:
Property and equipment, net	42,334	39,738
Intangible assets, net	956,883	1,261,603
Goodwill	551,974	589,974
Other long-term assets	47,115	51,046
Total assets	2,062,444	2,396,045
Liabilities, Current [Abstract]
Accounts payable	57,025	78,298
Accrued interest	63	44
Accrued expenses and other current liabilities	39,690	46,219
Total current liabilities	96,778	124,561
Liabilities, Noncurrent [Abstract]
Long-term debt, less current maturities	397,037	249,066
Deferred income taxes	107,057	166,091
Other long-term liabilities	43,452	49,494
Total liabilities	644,324	589,212
Equity, Attributable to Parent [Abstract]
Preferred Stock, Value, Issued	0	0
Common Stock, Value, Issued	1,041	1,037
Treasury Stock, Value	(344,670)	(129,337)
Additional Paid in Capital	1,358,758	1,346,687
Retained Earnings (Accumulated Deficit)	404,478	590,879
Accumulated Other Comprehensive Income (Loss), Net of Tax	(1,487)	(2,433)
Total stockholders’ equity	1,418,120	1,806,833
Total liabilities and stockholders’ equity	$ 2,062,444	$ 2,396,045