B&G Foods Reports Financial Results for Third Quarter 2026
Key Highlights
- ➤Base business Q3 net sales $404.6 million, up 5.0% year over year
- ➤Q3 adjusted EBITDA $81.8 million, up 16.2% year over year
- ➤Q3 net loss $32.5 million, or $0.40 per diluted share
- ➤Full-year 2026 net sales guidance raised to $1.760 billion-$1.800 billion
- ➤Full-year 2026 adjusted EBITDA guidance raised to $280.0 million-$290.0 million
Expert Statements
Rob Mills, President and Chief Executive Officer of B&G Foods
“Third quarter and year-to-date results reflect encouraging progress across B&G Foods. We generated base business net sales growth of 5.0% in the third quarter and 1.8% year-to-date, while adjusted EBITDA increased $12.4 million, or 6.6%, year-to-date. We are encouraged by this progress and remain focused on building on it.”
Rob Mills, President and Chief Executive Officer of B&G Foods
“Since becoming CEO, I have spent considerable time engaging with our teams, reviewing our brands and operations, and identifying opportunities to strengthen performance. I have been impressed by the dedication of our employees, the strength of our brands and the potential across our portfolio. We are establishing a more focused and accountable operating approach, with an emphasis on profitable growth, productivity, faster and better decision-making, and disciplined execution.”
Rob Mills, President and Chief Executive Officer of B&G Foods
“As we look ahead, our priorities are clear: deliver on our 2026 commitments; build a stronger operating foundation for 2027 and beyond; accelerate productivity and cost savings; improve cash generation; and reduce leverage. We are taking deliberate actions to strengthen B&G Foods, improve financial flexibility and position our company for sustainable long-term performance.”
B&G Foods, Inc. (NYSE: BGS) today announced financial results for the third quarter and first three quarters of 2026. Financial results for the third quarter and first three quarters of 2026 include the impact of the College Inn and Kitchen Basics acquisition, which was completed on March 19, 2026, the Green Giant U.S. frozen divestiture, which was completed on March 2, 2026, and the co-manufacturing agreement the Company entered into on March 2, 2026 with the acquirer of the Green Giant U.S. frozen business.
Third Quarter of 2026First Three Quarters of 2026 (In millions, except per share data)Change vs.Change vs. AmountQ3 2025AmountFirst 3Q 2025 Net Sales$ 459.84.7 %$ 1,252.0(2.9) % Base Business Net Sales ((1))$ 404.65.0 %$ 1,116.01.8 % Diluted EPS$ (0.40)(66.7) %$ (0.85)(142.9) % Adj. Diluted EPS ((1))$ 0.2140.0 %$ 0.3656.5 % Net Loss$ (32.5)(69.9) %$ (69.0)(145.9) % Adj. Net Income ((1))$ 17.851.3 %$ 29.563.1 % Adj. EBITDA ((1))$ 81.816.2 %$ 199.96.6 %
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