MEDIUMOutside partyCustomer
31%
Walmart Inc.
“10-K Item 1: 'Sales to our largest retailer, Walmart Inc., represented approximately 31% of consolidated sales in fiscal year 2025'”
SMPL · Concentration risk · 10-K extracted
The Simply Good Foods (SMPL) concentration risks
Updated
The most significant concentration The Simply Good Foods discloses is Walmart Inc. at 31%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: The Simply Good Foods’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyCustomer
18%
Amazon
“10-K Item 1: 'Sales to our next largest retailer, Amazon, represented approximately 18% of consolidated sales in fiscal year 2025.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Simply Good Foods' concentration risk is squarely a customer-dependency issue. Sales to its largest retailer, Walmart Inc., represented approximately 31% of consolidated sales in fiscal year 2025, while its next largest retailer, Amazon, represented approximately 18%. Together the two accounts make up a meaningful share of consolidated sales, meaning a material change in either relationship — shelf-space decisions, promotional terms, or a shift in ordering patterns — could move results more than a broad-based, diversified customer base would allow. The Walmart relationship is the larger of the two and thus the more consequential single point of dependency, though still disclosed at a share below the level that would suggest existential reliance on one account. Because both are large, well-capitalized retail partners rather than smaller or financially fragile counterparties, the character of this risk is more about negotiating leverage and shelf placement than counterparty credit risk. For investors, the practical takeaway is that near-term revenue trajectory is more exposed to retail-channel dynamics at these two accounts than underlying brand demand alone would suggest.
For the engine’s reasoning on SMPL’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Packaged Foods
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CENT | Central Garden & Pet Company | 1 | 1 | 2 | 4 |
| CENTA | Central Garden & Pet Company | 1 | 1 | 2 | 4 |
| CPB | The Campbell's Company | 1 | 1 | 1 | 3 |
| SMPL● | The Simply Good Foods Company | 0 | 1 | 1 | 2 |
| CAG | ConAgra Brands, Inc. | 0 | 1 | 0 | 1 |
| BRBR | BellRing Brands, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.