Investing.com -- Simply Good Foods shares dropped approximately 19% shortly after open on Monday following the company's second-quarter earnings report, which included revenue guidance that fell short of analyst expectations.

The company reported second-quarter earnings per share of $0.45, beating analyst estimates of $0.41. However, revenue for the quarter came in at $326.01 million, missing the consensus estimate of $346.56 million.

For the third quarter of 2026, Simply Good Foods projected revenue between $329 million and $338 million, significantly below the analyst consensus of $379.8 million.

The company also lowered its full-year 2026 revenue forecast to a range of $1.31 billion to $1.35 billion, compared to the consensus estimate of $1.439 billion.