Simply Good Foods Appoints Joseph Scalzo as CEO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
On January 20, 2026, The Simply Good Foods Company announced that Joseph Scalzo joined the Company in the role of President and CEO. Pursuant to the terms of his employment agreement, on January 19, 2026 and in connection with Mr. Scalzo's appointment, the Company granted to Mr. Scalzo an option to purchase 2,000,000 shares of the Company's common stock, with an exercise price equal to the fair market value of a share of the Company's common stock on the date of grant. The stock option has an 8-year term and vests over a three-year period, with approximately one-third vesting each year on the anniversary date of his start date, subject to Mr. Scalzo's continued employment on the scheduled vesting dates or the occurrence of certain termination of employment events, in which case, the terms of his employment agreement provide for continued vesting and exercisability of the stock option. The stock option grant was awarded as an inducement material to Mr. Scalzo's commencing employment with the Company, and this information is being provided pursuant to the requirements of Nasdaq Listing Rule 5635(c)(4).
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Analyst Views on SMPL
Wall Street analysts forecast SMPL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMPL is 27.25 USD with a low forecast of 22.00 USD and a high forecast of 35.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
4 Buy
6 Hold
0 Sell
Moderate Buy
Current: 19.230
Low
22.00
Averages
27.25
High
35.00
Current: 19.230
Low
22.00
Averages
27.25
High
35.00
About SMPL
The Simply Good Foods Company is a consumer packaged food and beverage company. The Company's product portfolio consists primarily of protein bars, ready-to-drink (RTD) shakes, sweet and salty snacks, and confectionery products marketed under the Atkins, Quest and OWYN brands. The Quest brand is for consumers seeking a variety of protein-rich foods and beverages that also limit sugars and simple carbohydrates. The Atkins brand is for those following a low-carbohydrate lifestyle or seeking to manage weight or blood sugar levels. The OWYN brand is for consumers seeking protein-rich beverages that are plant-based and tested for the top nine allergens that also limit sugars and simple carbohydrates. Its OWYN RTD shakes and powders do not contain gluten, dairy, soy, eggs, nuts, tree nuts, are low in sugar, and contain prebiotic fiber. It distributes its products in major retail channels, primarily in North America, as well as through e-commerce, convenience, specialty, and other channels.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Simply Good Foods (SMPL) Appoints Joe Scalzo as CEO, Former Executive Returns
- Executive Return: Simply Good Foods has appointed former CEO Joe Scalzo as the new president and CEO, succeeding Geoff Tanner, aiming to enhance company leadership with his extensive industry experience.
- Leadership Change Impact: Scalzo previously stepped down as CEO in July 2023 and is expected to drive strategic execution and operational efficiency within the company upon his return.
- Market Reaction: Following the announcement, Simply Good Foods' stock price rose 0.05% in pre-market trading to $20.94, indicating investor confidence in the new leadership.
- Financial Performance: The company reported a Q1 2026 non-GAAP EPS of $0.39, beating expectations by $0.03, with revenue of $340.2 million exceeding forecasts by $870,000, reflecting strong financial performance.
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Atkins Partners with Heather Gay to Enhance Nutrition for GLP-1 Users
- Nutritional Support for Success: Atkins collaborates with reality TV star Heather Gay to emphasize the critical role of nutrition in the weight management journeys of GLP-1 users, helping them overcome challenges and achieve sustainable results.
- Clinical Trial Findings: New research indicates that Atkins High Protein Shakes and Bars effectively address common digestive issues and muscle retention challenges faced by GLP-1 users, providing a convenient nutritional solution to support weight loss success.
- Investment in Innovation: Atkins is committed to researching the impact of high-protein and high-fiber diets on GLP-1 users, aiming to support health goals with scientific data and enhance the brand's leadership position in the weight management market.
- Brand Commitment: Over the past 50 years, the Atkins brand has helped millions achieve their health goals through science and clinical studies, and it will continue to drive the development of healthy lifestyles through innovation.
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