B&G Foods (NYSE:BGS) Releases Earnings Results, Meets Estimates

B&G Foods (NYSE:BGS) issued its quarterly earnings results on Tuesday. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06, FiscalAI reports. B&G Foods had a positive return on equity of 9.67% and a negative net margin of 4.23%.The company had revenue of $383.27 million for the quarter, compared to analyst estimates of $394.92 million. During the same period last year, the company earned $0.04 earnings per share. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. B&G Foods updated its FY 2026 guidance to 0.575-0.675 EPS.

Here are the key takeaways from B&G Foods’ conference call:

• Adjusted EBITDA increased 4.1% to $60.4 million in the second quarter, while adjusted EPS rose to $0.06 from $0.04 a year ago. Margin improved to 15.8%, supported by portfolio changes, lower SG&A, tariff refunds, and better spice costs.
• Net sales declined 9.7% to $383.3 million, largely because of divestitures and the loss of a 53rd week; however, base-business sales were essentially flat year to date. Second-quarter base-business sales fell 2.9%, with volume declines partly offset by pricing and mix.
• The acquired College Inn and Kitchen Basics brands contributed approximately $13.2 million of quarterly sales and improved margins, while Kitchen Basics is showing growth potential. B&G also generated $23.9 million from its new Green Giant U.S. Frozen contract-manufacturing operation, which is already modestly profitable.
• Specialty segment Adjusted EBITDA fell $8.9 million because of unfavorable raw-material and manufacturing costs and investment in Crisco pricing. Higher interest expense, including the 11% senior notes and a temporary period of double interest during refinancing, also weighed on earnings.
• Management reaffirmed fiscal 2026 guidance of $1.735 billion-$1.775 billion in sales, $275 million-$290 million in Adjusted EBITDA, and adjusted EPS of $0.575-$0.675. The pending Green Giant Canada divestiture is not included in guidance and remains subject to regulatory approval.

B&G Foods Stock Performance

Shares of BGS opened at $3.44 on Wednesday. The company has a debt-to-equity ratio of 4.96, a current ratio of 2.99 and a quick ratio of 1.42. The firm’s 50 day moving average is $3.81 and its 200-day moving average is $4.56. B&G Foods has a 12-month low of $3.35 and a 12-month high of $6.38. The stock has a market capitalization of $278.82 million, a P/E ratio of -3.58 and a beta of 0.49.

B&G Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.38 annualized dividend and a dividend yield of 11.1%. B&G Foods’s payout ratio is currently -39.58%.

Analysts Set New Price Targets

BGS has been the subject of a number of recent analyst reports. Jefferies Financial Group set a $4.00 target price on shares of B&G Foods in a research report on Wednesday, July 22nd. Weiss Ratings downgraded shares of B&G Foods from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Thursday, May 14th. Finally, Barclays reduced their price target on shares of B&G Foods from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $4.38.

More B&G Foods News

Here are the key news stories impacting B&G Foods this week:

• Positive Sentiment: Full-year EPS guidance was raised or maintained above expectations: B&G Foods guided to fiscal 2026 adjusted EPS of $0.575–$0.675, above the analyst consensus of $0.560. Revenue guidance of approximately $1.7–$1.8 billion was broadly in line with expectations. B&G Foods FY 2026 guidance
• Positive Sentiment: Profitability and cash flow improved in the second quarter: Operating profit rose 57% to $34.6 million, while operating cash flow increased 32.3% year over year to $23.6 million. The company also reported quarterly EPS of $0.06, matching consensus estimates. B&G Foods second-quarter financial results
• Neutral Sentiment: Portfolio changes complicate year-over-year comparisons: Results include the College Inn and Kitchen Basics acquisition, the Green Giant U.S. frozen divestiture, and a new co-manufacturing agreement. These transactions may support the company’s strategic focus but make reported sales trends more difficult to interpret. B&G Foods portfolio changes
• Negative Sentiment: Revenue materially missed expectations: Second-quarter sales fell 9.7% year over year to about $383.3 million, below analysts’ roughly $394.9 million forecast. The decline reinforces concerns about weak demand and ongoing pressure on the company’s brands. B&G Foods misses second-quarter sales expectations
• Negative Sentiment: Financial risk and management uncertainty remain overhangs: B&G Foods has a debt-to-equity ratio of approximately 4.96 and a negative net margin. CEO Kenneth C. “Casey” Keller is also retiring, creating additional uncertainty during a period of declining sales. B&G Foods CEO retirement announcement

Institutional Trading of B&G Foods

A number of large investors have recently added to or reduced their stakes in the business. Summit Securities Group LLC increased its position in shares of B&G Foods by 37.1% during the fourth quarter. Summit Securities Group LLC now owns 14,400 shares of the company’s stock worth $62,000 after acquiring an additional 3,900 shares in the last quarter. Prudential Financial Inc. lifted its position in B&G Foods by 5.6% in the 2nd quarter. Prudential Financial Inc. now owns 83,807 shares of the company’s stock valued at $355,000 after acquiring an additional 4,447 shares in the last quarter. First Trust Advisors LP boosted its stake in B&G Foods by 41.2% during the 3rd quarter. First Trust Advisors LP now owns 19,878 shares of the company’s stock valued at $88,000 after purchasing an additional 5,797 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in B&G Foods by 502.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,443 shares of the company’s stock valued at $31,000 after purchasing an additional 6,207 shares during the last quarter. Finally, Barclays PLC increased its holdings in B&G Foods by 5.5% during the 4th quarter. Barclays PLC now owns 123,460 shares of the company’s stock worth $531,000 after purchasing an additional 6,451 shares in the last quarter. 66.15% of the stock is currently owned by institutional investors.

B&G Foods Company Profile

B&G Foods, Inc is a packaged foods holding company that develops, markets and distributes a diversified portfolio of branded shelf-stable and frozen food products. Headquartered in Parsippany, New Jersey, the company serves retail and foodservice customers across the United States and Canada. Through its network of manufacturing facilities, third-party co-packers and distribution partners, B&G Foods supplies grocery chains, mass merchandisers, club stores and e-commerce platforms.

The company’s product portfolio spans multiple categories, including vegetables, beans, soups, sauces and condiments, snacks, cereals and refrigerated or frozen offerings.