B&G Foods Inc
Q4 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: −3.82%.
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% 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.
- 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
“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.”
B&G Foods CEO, on the earnings call
Forward Guidance & Outlook
For fiscal 2026, B&G Foods expects net sales of $1.655 billion to $1.695 billion, adjusted EBITDA of $265.0 million to $275.0 million, and adjusted diluted EPS of $0.55 to $0.65. Guidance includes the impact of one fewer reporting week versus fiscal 2025, the Green Giant U.S. frozen divestiture (closed March 2, 2026), and prior Don Pepino and Le Sueur U.S. divestitures, but excludes the pending College Inn and Kitchen Basics acquisition (expected to close Q1 2026) and the pending Green Giant Canada divestiture (expected to close Q2 2026). The company noted significant uncertainty around U.S. tariffs and retaliatory trade actions that are not fully reflected in guidance.
BGS YoY Financials
BGS Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.