B&G Foods (NYSE:BGS) Issues Quarterly Earnings Results

B&G Foods (NYSE:BGS) posted its quarterly earnings results on Tuesday. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.06, FiscalAI reports. The firm had revenue of $459.78 million for the quarter, compared to analysts’ expectations of $435.00 million. B&G Foods had a positive return on equity of 10.74% and a negative net margin of 4.00%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 EPS.

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

• Sales and adjusted EBITDA strengthened: Third-quarter net sales rose 4.7% and base-business sales increased 5%, primarily on higher volume; adjusted EBITDA climbed to $81.8 million from $70.4 million a year earlier. Management raised full-year net sales guidance to $1.76 billion–$1.80 billion and adjusted EBITDA guidance to $280 million–$290 million, while reaffirming adjusted EPS guidance.
• Growth is coming from both core brands and alternative channels. B&G cited gains in private label, food service, club and institutional sales, alongside improving branded retail performance; management says it is targeting sustainable business that uses existing manufacturing capacity, rather than relying only on episodic opportunities.
• Debt and interest costs remain a significant burden. Covenant leverage was just over 6.4 times at quarter-end, and management aims to get below 6 times by mid-2027 and below 5.5 times over time. Quarterly net interest expense increased $7.5 million to $44.8 million, partly reflecting acquisition-related borrowing and 11% notes.
• The company reported a larger GAAP net loss despite stronger adjusted results. Third-quarter net loss was $32.5 million, including a $40.7 million non-cash impairment charge tied to the B&M and Joan of Arc divestiture; adjusted net income was $17.8 million.
• Input-cost pressure is weighing on parts of the business. Higher soybean and canola oil costs and rising transportation and logistics expenses contributed to lower Specialty segment adjusted EBITDA; management identified diesel, freight and soybean oil as key cost pressures, though it said some costs had recently eased.

B&G Foods Stock Performance

Shares of BGS traded up $0.69 on Wednesday, reaching $3.35. 3,697,150 shares of the company’s stock traded hands, compared to its average volume of 2,127,211. B&G Foods has a 52-week low of $1.99 and a 52-week high of $6.38. The stock’s 50 day simple moving average is $2.71 and its two-hundred day simple moving average is $4.02. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 5.08. The stock has a market cap of $272.53 million, a PE ratio of -3.74 and a beta of 0.56.

B&G Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 26th. Stockholders of record on Thursday, December 31st will be paid a $0.0950 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date is Thursday, December 31st. B&G Foods’s payout ratio is presently -42.70%.

More B&G Foods News

These are some of the BGS news items that stood out recently:

• Positive Sentiment: Third-quarter adjusted EPS was $0.21, topping the $0.15 consensus estimate, while sales of $459.8 million exceeded the $435 million estimate and grew 4.7% year over year. B&G Foods Reports Financial Results for Third Quarter 2026
• Positive Sentiment: The company lifted its 2026 net-sales outlook to $1.76 billion–$1.8 billion, signaling improved expectations for the full year. It also aims to bring leverage below 6x by mid-2027, a potentially favorable longer-term step if achieved. B&G Foods targets lower leverage and lifts sales outlook
• Neutral Sentiment: The leverage target is forward-looking; investors will likely watch for evidence that B&G Foods can execute on debt reduction while sustaining sales growth.

Wall Street Analyst Weigh In

BGS has been the topic of several research reports. Barclays dropped their price objective on shares of B&G Foods from $4.50 to $3.00 and set an “equal weight” rating on the stock in a report on Friday, October 16th. Evercore set a $4.50 price objective on shares of B&G Foods in a research note on Wednesday, August 12th. Weiss Ratings cut shares of B&G Foods from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. Jefferies Financial Group set a $4.00 target price on shares of B&G Foods in a research report on Wednesday, July 22nd. Finally, TD Cowen cut their price target on B&G Foods from $4.00 to $3.00 and set a “sell” rating for the company in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, B&G Foods presently has an average rating of “Sell” and a consensus price target of $3.62.

B&G Foods Company Profile

B&G Foods, Inc. is a branded food company headquartered in Parsippany, New Jersey. The company manufactures, sells and distributes a portfolio of shelf-stable, frozen and specialty food products through grocery stores, mass merchandisers, club stores, foodservice distributors and e-commerce channels. Its products include vegetables, beans, pickles, condiments, sauces, spices, seasonings, baking products, hot cereals, snacks and frozen foods. B&G Foods’ brand portfolio has included Ortega Mexican foods, Cream of Wheat, Mrs. Dash, Maple Grove Farms, Polaner, Cary’s, Las Palmas, Underwood and B&G pickles, among other consumer food brands.