The Simply Good Foods Company
SMPL Consumer Defensive Packaged Foods
The Simply Good Foods Company’s revenue for fiscal 2025 (year ended August 2025) was $1.5 billion, up 8.98% from fiscal 2024. In the quarter to May 2026, revenue fell 6.29%, EPS fell 241.5%, free cash flow fell 38.6% and total debt rose 59.5%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five; insiders bought in the last twelve months.
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The Simply Good Foods Company (SMPL) Altman Z-score
The Simply Good Foods Company's Altman Z-score for fiscal 2025 is 4.27, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 4.27 | 0.33 |
| FY2024 | 3.94 | (1.46) |
| FY2023 | 5.40 | 1.48 |
| FY2022 | 3.92 | 0.61 |
| FY2021 | 3.32 | 1.01 |
| FY2020 | 2.31 | (2.04) |
| FY2019 | 4.34 | 0.86 |
| FY2018 | 3.48 | 1.29 |
| FY2017 | 2.18 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.14 | — | 0.16 | |
| Retained earnings / total assets | 0.25 | — | 0.35 | |
| EBIT / total assets | 0.07 | — | 0.22 | |
| Market value of equity / total liabilities | 4.89 | — | 2.94 | |
| Sales / total assets | 0.61 | — | 0.61 | |
| Altman Z-score | Safe zone | 4.27 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 5.36 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| MAMA Mama's Creations, Inc. compare | 13.4× |
| BRBR BellRing Brands Inc. compare | 6.6× |
| JBSS John B. Sanfilippo & Son, Inc. compare | 5.2× |
| JJSF J & J Snack Foods Corp. compare | 5.2× |
| SENEA Seneca Foods Corp. compare | 4.6× |
| SMPL The Simply Good Foods Company | 4.3× |
| HLF Herbalife Ltd compare | 2.4× |
| FLO Flowers Foods, Inc. compare | 2.1× |
| WEST Westrock Coffee Company compare | 0.4× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets