GlobeNewsWire
19 Aug 2026, 23:25 UTC · 2h ago
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The Simply Good Foods Company recorded cumulative impairment charges of $200 million against the OWYN brand, representing 70% of its original $280 million purchase price. — Massive write-downs indicate a catastrophic failure of a major strategic acquisition, directly destroying shareholder value.
-0.90OWYN's quarterly sales contracted by nearly 17% year-over-year, contradicting previous guidance of double-digit growth. — The sharp reversal from growth to contraction suggests deep structural issues with the product or market demand.
-0.70The company slashed its 2026 net sales outlook to a range of -7% to -10%. — Negative organic growth forecasts typically lead to significant downward revisions in valuation multiples.
-0.60Continue reading
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A class action lawsuit alleges that Good Foods misled investors regarding OWYN integration, citing loss of key personnel and product quality issues due to a new pea protein supplier. — Legal liabilities and allegations of management deception increase the risk profile and potential for further settlement costs.
-0.40Which stocks this story touches
The company is facing a class action lawsuit following a failed acquisition, significant impairment charges, and a 70% drop in stock price.
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