B&G Foods (BGS) Q1 2026

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Earnings

B&G Foods delivered a stronger-than-expected first quarter for fiscal 2026, posting adjusted diluted EPS of $0.08 against a consensus estimate of $0.06, a beat of 43.63%, while revenue of $408.94 million topped expectations by 2.28%, even as total ne… Read more B&G Foods delivered a stronger-than-expected first quarter for fiscal 2026, posting adjusted diluted EPS of $0.08 against a consensus estimate of $0.06, a beat of 43.63%, while revenue of $408.94 million topped expectations by 2.28%, even as total net sales slipped 3.9% year-over-year amid sweeping portfolio changes. The headline driver was the company's active reshaping of its asset base, including the completed divestiture of its Green Giant U.S. Frozen business and the acquisition of the College Inn and Kitchen Basics brands, moves that weighed on reported sales but helped push base business net sales up 2.8% to $365.13 million. On a GAAP basis, the company recorded a net loss of $32.54 million, largely reflecting a $36.28 million loss on the Green Giant sale. Adjusted EBITDA edged down 2.5% to $57.65 million, and gross margins contracted under rising raw material costs and tariff pressures. The dividend was cut by half, triggering a sharp stock selloff and a securities fraud investigation by a plaintiff law firm. Looking ahead, management guided for full-year net sales of $1.74 billion to $1.78 billion and adjusted diluted EPS of $0.58 to $0.68.