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

B&G Foods (NYSE:BGS) posted its quarterly earnings data on Tuesday. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06, FiscalAI reports. B&G Foods had a negative net margin of 4.70% and a positive return on equity of 12.53%. The company had revenue of $459.78 million during the quarter, compared to analyst estimates of $435.00 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis.

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 Trading Up 2.6%

B&G Foods stock opened at $3.77 on Thursday. B&G Foods has a 12 month low of $1.99 and a 12 month high of $6.38. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 5.08. The stock has a market cap of $306.00 million, a P/E ratio of -3.59 and a beta of 0.56. The company’s fifty day simple moving average is $2.71 and its 200-day simple moving average is $4.02.

B&G Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 26th. Stockholders of record on Thursday, December 31st will be issued a dividend of $0.0950 per share. This represents a $0.38 annualized dividend and a dividend yield of 10.1%. The ex-dividend date is Thursday, December 31st. B&G Foods’s payout ratio is currently -36.19%.

Analysts Set New Price Targets

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

Trending Headlines about B&G Foods

Here are a few of the latest headlines about BGS:

• Positive Sentiment: Third-quarter adjusted earnings were $0.21 per share, topping the $0.15 consensus estimate, while revenue of $459.8 million exceeded expectations of $435 million and increased 4.7% year over year. B&G Foods Reports Financial Results for Third Quarter 2026
• Positive Sentiment: Management raised its 2026 outlook, projecting adjusted EPS of $0.575–$0.675 versus the $0.57 consensus and net sales of $1.76–$1.80 billion. The guidance increase reflects improving volumes and margins. BGS Q3 Earnings Top Estimates as Volumes and Margins Improve
• Positive Sentiment: Portfolio moves, including asset sales and acquisitions, are contributing to margin improvement. Management is emphasizing cash generation and aims to bring leverage below 6x by mid-2027, which could ease investor concerns about its debt burden if achieved. Why B&G Foods Stock Soared Today

B&G Foods Company Profile

B&G Foods, Inc. is a packaged-foods company that manufactures, markets and distributes branded shelf-stable and frozen foods. Its products include vegetables, Mexican foods, hot cereals, spices, seasonings, sauces, baking ingredients and other grocery staples. The company’s brands include Green Giant shelf-stable vegetables, Ortega, Cream of Wheat, Maple Grove Farms and Mrs. Dash. B&G Foods sells its products primarily in the United States, Canada and Puerto Rico through grocery retailers and other channels.