Worldwide, crested penguins (Eudyptes spp.) are in decline and it is suspected that reduced prey availability plays an important role. However, the population of Snares Penguins (E. robustus) does not follow this trend, with its population being stable if not slightly increasing. To assess whether the success of the Snares Penguins is a result of a rich and stable prey resource within the breeding range of the species, we examined the dietary composition of breeding Snares Penguins by analysis of stomach contents, and analysed ratios of carbon (δ¹³C) and nitrogen (δ¹⁵N) stable isotopes in feathers of living penguins and historical specimens. The food brought ashore by the Penguins was dominated by a single species of krill, Nyctiphanes australis (~60% of wet weight of the stomach samples); fish (~30%) and cephalopods (~10%) seemed to form only a minor portion. However, numbers of fish otoliths and cephalopod beaks in the samples suggest that these prey classes are more important food source for adult Penguins while at sea. Stable isotope ratios of Snares Penguin feathers collected between 1880 and 2004 revealed no temporal trend in either δ¹³C or δ¹⁵N indicating no significant changes in marine productivity or general composition of the diet of Snares Penguins in the past 120 years. We discuss our findings in the light of declining population trends and changing stable isotope ratios recently detected in Rockhopper Penguins (E. chrysocome), and conclude that the Snares Penguins benefit from stable prey availability as a function of the oceanographic setting of their breeding habitat.