The Simply Good Foods Company SMPL

Competitive advantage analysis · consumer-defensive

Corporate Default
Overall moat score
75/100
Moderate

About The Simply Good Foods Company

The Simply Good Foods Company, a consumer-packaged food and beverage company, engages in the development, marketing, and sale of snacks and meal replacements, and other products in North America and internationally. The company offers protein bars, ready-to-drink beverages and shakes, sweet and salty snacks, cookies, muffins, protein chips and crackers, protein powders, and recipes under the Quest, Atkins, and OWYN … Full SMPL analysis →

Competitive advantage assessment

Key strengths

  • Margins Consistently Above Peers Gross margin at 36.2% (top 24%) and operating margin at 10.8% (top 6%) indicate strong pricing power.
  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.75), demonstrating pricing resilience across cycles.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Strong
81

Where SMPL ranks in Packaged Foods

The Simply Good Foods Company ranks #7 of 73 scored companies in Packaged Foods by moat score — the top 10%. The widest moat in the group is McCormick & Company, Incorporat (MKC-V) at 79/100.

Moat scores for companies ranked near SMPL in Packaged Foods
# Company Moat score Rating
3 Ingredion Incorporated INGR 78/100 Strong
4 BellRing Brands, Inc. BRBR 77/100 Strong
5 Seneca Foods Corp. SENEA 76/100 Strong
6 Seneca Foods Corp. SENEB 76/100 Strong
7 The Simply Good Foods Company SMPL 75/100 Moderate
8 John B. Sanfilippo & Son, Inc. JBSS 74/100 Moderate
9 Central Garden & Pet Company CENT 72/100 Moderate
10 Central Garden & Pet Company CENTA 72/100 Moderate
11 The Campbell's Company CPB 70/100 Moderate

See every General Corporate company ranked by moat score →

How SMPL scores on the Corporate Default defenses

Pricing Power

Score 81 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 76 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 80 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 65 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 78 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 66 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding SMPL's moat

What is The Simply Good Foods Company's moat score?

The Simply Good Foods Company (SMPL) scores 75 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #7 of 73 scored companies in Packaged Foods, the top 10%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 72 companies in Packaged Foods. Its strongest defense is Pricing Power (81/100) and its weakest is Capital Efficiency (65/100).

How does The Simply Good Foods Company compare with other Packaged Foods companies?

The Simply Good Foods Company ranks #7 of 73 scored companies in Packaged Foods by moat score. The widest moat in Packaged Foods is McCormick & Company, Incorporat (MKC-V) at 79/100. The companies ranked closest are Seneca Foods Corp. (SENEB) at 76 just above it and John B. Sanfilippo & Son, Inc. (JBSS) at 74 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 72 companies in Packaged Foods. The defenses are then weighted to produce the overall score out of 100.

Why is The Simply Good Foods Company scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for The Simply Good Foods Company?

The Corporate Default template measures 6 defenses, and SMPL scores: Pricing Power (81), Cost Advantage (76), Customer Stickiness (80), Capital Efficiency (65), Resilience (78), Scale & Market Position (66). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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