B&G Foods

B&G Foods (BGS) Q4 2025 Earnings

Reported Mar 3, 2026 at 4:05 PM ET · SEC Source

Q4 25 EPS

$0.28

MISS 7.07%

Est. $0.30

Q4 25 Revenue

$539.6M

BEAT +0.38%

Est. $537.5M

vs S&P Since Q4 25

-32.1%

TRAILING MARKET

BGS -22.3% vs S&P +9.7%

Full Year 2025 Results

FY 25 EPS

$0.51

FY 25 Revenue

$1.83B

Market Reaction

Did BGS Beat Earnings? Q4 2025 Results

B&G Foods delivered a mixed fourth quarter for fiscal 2025, narrowly missing on the bottom line while edging ahead on revenue, as ongoing portfolio reshaping continued to cloud the headline numbers. Adjusted diluted EPS came in at $0.28, falling 7.07… Read more B&G Foods delivered a mixed fourth quarter for fiscal 2025, narrowly missing on the bottom line while edging ahead on revenue, as ongoing portfolio reshaping continued to cloud the headline numbers. Adjusted diluted EPS came in at $0.28, falling 7.07% short of the $0.30 consensus estimate, while net sales of $539.56 million edged fractionally above expectations despite sliding 2.2% year-over-year, weighed down primarily by the divestitures of its Le Sueur U.S. And Don Pepino brands. On a base business basis, however, net sales actually grew 0.8%, with modest pricing gains and volume increases providing some underlying stability. Adjusted EBITDA held relatively firm at $84.67 million, or 15.7% of net sales, even as rising raw material costs and tariff pressures compressed profitability. The company also recorded $34.80 million in non-cash impairment charges tied largely to the Green Giant brand. Looking ahead, B&G Foods guided fiscal 2026 net sales of $1.66 billion to $1.70 billion and adjusted EPS of $0.55 to $0.65, though management flagged significant uncertainty around tariffs as a meaningful risk to the outlook.

Key Takeaways

  • Base business net sales grew 0.8% in Q4 driven by net pricing/product mix improvement of 0.5% and volume increase of 0.4%
  • Meals segment net sales increased 1.1% in Q4 on pricing and product mix improvements
  • Spices & Flavor Solutions segment net sales increased 4.2% in Q4 on pricing, product mix and volume gains
  • Gross profit margin improved to 22.7% from 21.5% year-over-year in Q4
  • Net interest expense decreased 2.1% due to lower average debt and interest rates
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BGS YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

BGS Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“B&G Foods' fourth quarter earnings were largely in line with expectations, with core business trends showing further year-over-year improvement to date during the first quarter of 2026. B&G Foods also announced yesterday the divestiture of the Green Giant U.S. frozen vegetable business—representing a significant milestone in our ongoing effort to divest brands and product lines that are non-core to B&G Foods' long-term strategy, sharpen our focus and reduce long-term debt.”

— Casey Keller, Q4 2025 Earnings Press Release