Earnings Releases·Nov 10, 2026, 4:05 PM ET

B&G Foods — Third Quarter 2026 Earnings Summary

Q3 2026 net sales rose 4.7% YoY to $459.8 million, while full-year fiscal 2026 net sales guidance increased to $1.760–$1.800 billion; adjusted EBITDA for Q3 grew 16.2% to $81.8 million, and full-year adjusted EBITDA guidance was raised to $280.0–$290.0 million.
GAAP net loss widened to $32.5 million ($0.40/share) in Q3 from $19.1 million ($0.24/share) in Q3 2025, primarily driven by $40.7 million in non-cash impairment charges for B&M and Joan of Arc trademarks and higher net interest expense of $44.8 million.
Strategic portfolio shifts included the acquisition of College Inn and Kitchen Basics, which contributed $29.0 million to Q3 sales, alongside the divestiture of Green Giant U.S. frozen and Le Sueur U.S. businesses, resulting in a $36.3 million loss on asset sales for the first three quarters.
Management reaffirmed full-year adjusted diluted EPS guidance at $0.575–$0.675, citing base business sales growth of 5.0% in Q3 and prioritizing cost savings, cash generation, and leverage reduction for 2027.
Long-term debt increased to $2,035.4 million as of October 3, 2026, reflecting the issuance of 11.00% senior notes due 2031, while cash and cash equivalents rose to $61.7 million.