B&G Foods earnings report mixed, performance guidance exceeds expectations, stock surges 12%

LootboxPhobia · 2026-03-04T00:16:35+00:00

B&G Foods reported adjusted Q4 earnings of $0.28 per share, with revenue slightly above expectations. The fiscal year 2026 guidance exceeded forecasts, despite revenue expectations being below market consensus. Core business sales saw a slight increase, but overall revenue declined year-over-year. The company's net loss also improved.

LootboxPhobia

2026-03-04 00:16:35

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Parsippany, New Jersey - B&G Foods, Inc. (NYSE:BGS) announced its fourth quarter adjusted earnings per share of $0.28, below analysts’ expectations of $0.30, with revenue of $539.6 million, slightly above the market consensus of $538 million.

The packaged food company’s stock surged 12.8% after the earnings release, mainly driven by the better-than-expected fiscal 2026 guidance.

For fiscal 2026, B&G Foods expects adjusted diluted earnings per share of $0.55 to $0.65, with a midpoint of $0.60, exceeding analysts’ consensus of $0.51. However, the company’s revenue guidance is $1.655 billion to $1.695 billion, below the market consensus of $1.77 billion, with a midpoint of $1.675 billion, showing a significant gap from expectations.

Revenue for the fourth quarter declined 2.2 year-over-year, mainly due to the divestment of the Le Sueur U.S. business and Don Pepino brand. Core net sales increased 0.8% to $539.6 million from $535.2 million last year, driven by higher net pricing and volume growth, but partly offset by foreign exchange headwinds.

“B&G Foods’ fourth quarter results were largely in line with expectations, and the core business trend has shown further year-over-year improvement so far in the first quarter of 2026,” said President and CEO Casey Keller.

For fiscal 2025, net sales declined 5.4% to $1.83 billion from $1.93 billion, with adjusted EBITDA down 7.9% to $272.2 million. The company reported a net loss of $43.3 million, or $0.54 per share, compared to a net loss of $251.3 million, or $3.18 per share, in fiscal 2024.

The 2026 guidance includes the impact of one fewer reporting week and the divestiture of the Green Giant U.S. frozen product line, which was completed on March 2, 2026. This guidance does not include the pending acquisitions of College Inn and Kitchen Basics or the divestiture of Green Giant Canada.

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