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

B&G Foods (NYSE:BGS) released its quarterly earnings results on Tuesday. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06, FiscalAI reports. The firm had revenue of $383.27 million during the quarter, compared to analyst estimates of $394.92 million. B&G Foods had a negative net margin of 4.00% and a positive return on equity of 10.46%. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 EPS. B&G Foods updated its FY 2026 guidance to 0.575-0.675 EPS.

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

• Adjusted EBITDA increased 4.1% to $60.4 million in the second quarter, while adjusted EPS rose to $0.06 from $0.04 a year ago. Margin improved to 15.8%, supported by portfolio changes, lower SG&A, tariff refunds, and better spice costs.
• Net sales declined 9.7% to $383.3 million, largely because of divestitures and the loss of a 53rd week; however, base-business sales were essentially flat year to date. Second-quarter base-business sales fell 2.9%, with volume declines partly offset by pricing and mix.
• The acquired College Inn and Kitchen Basics brands contributed approximately $13.2 million of quarterly sales and improved margins, while Kitchen Basics is showing growth potential. B&G also generated $23.9 million from its new Green Giant U.S. Frozen contract-manufacturing operation, which is already modestly profitable.
• Specialty segment Adjusted EBITDA fell $8.9 million because of unfavorable raw-material and manufacturing costs and investment in Crisco pricing. Higher interest expense, including the 11% senior notes and a temporary period of double interest during refinancing, also weighed on earnings.
• Management reaffirmed fiscal 2026 guidance of $1.735 billion-$1.775 billion in sales, $275 million-$290 million in Adjusted EBITDA, and adjusted EPS of $0.575-$0.675. The pending Green Giant Canada divestiture is not included in guidance and remains subject to regulatory approval.

B&G Foods Stock Up 5.3%

BGS opened at $3.59 on Thursday. The business’s fifty day simple moving average is $3.80 and its 200 day simple moving average is $4.55. B&G Foods has a 52 week low of $3.35 and a 52 week high of $6.38. The company has a quick ratio of 1.42, a current ratio of 2.99 and a debt-to-equity ratio of 4.96. The stock has a market cap of $291.39 million, a PE ratio of -4.03 and a beta of 0.49.

B&G Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 10.6%. The ex-dividend date of this dividend is Wednesday, September 30th. B&G Foods’s dividend payout ratio is currently -42.70%.

Wall Street Analysts Forecast Growth

BGS has been the subject of several research analyst reports. Jefferies Financial Group set a $4.00 price objective on B&G Foods in a research note on Wednesday, July 22nd. TD Cowen lowered their price target on B&G Foods from $4.00 to $3.00 and set a “sell” rating on the stock in a report on Wednesday. Barclays set a $4.50 price target on B&G Foods in a research report on Thursday. Weiss Ratings reissued a “sell (d-)” rating on shares of B&G Foods in a report on Tuesday. Finally, Evercore set a $4.50 price objective on shares of B&G Foods in a research report on Wednesday. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, B&G Foods presently has an average rating of “Reduce” and a consensus target price of $4.00.

Hedge Funds Weigh In On B&G Foods

A number of hedge funds and other institutional investors have recently modified their holdings of BGS. Coldstream Capital Management Inc. purchased a new stake in shares of B&G Foods in the 3rd quarter valued at $78,000. Numerai GP LLC purchased a new stake in B&G Foods during the third quarter valued at about $59,000. BNP Paribas Financial Markets boosted its position in B&G Foods by 92.2% during the third quarter. BNP Paribas Financial Markets now owns 15,102 shares of the company’s stock valued at $67,000 after buying an additional 7,246 shares during the period. First Trust Advisors LP grew its stake in shares of B&G Foods by 41.2% during the third quarter. First Trust Advisors LP now owns 19,878 shares of the company’s stock valued at $88,000 after buying an additional 5,797 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in shares of B&G Foods in the second quarter worth about $78,000. 66.15% of the stock is currently owned by hedge funds and other institutional investors.

About B&G Foods

B&G Foods, Inc is a packaged foods holding company that develops, markets and distributes a diversified portfolio of branded shelf-stable and frozen food products. Headquartered in Parsippany, New Jersey, the company serves retail and foodservice customers across the United States and Canada. Through its network of manufacturing facilities, third-party co-packers and distribution partners, B&G Foods supplies grocery chains, mass merchandisers, club stores and e-commerce platforms.

The company’s product portfolio spans multiple categories, including vegetables, beans, soups, sauces and condiments, snacks, cereals and refrigerated or frozen offerings.