B&G Foods Q1 sales fall 3.9% but beat estimates

B&G Foods

12/05/2026 21:16

Overview

U.S. branded foods maker's Q1 net sales fell 3.9% but beat analyst expectations

Adjusted EPS for Q1 beat consensus, while adjusted EBITDA slightly missed estimates

Company halved annual dividend rate to $0.38 per share

Outlook

B&G Foods revised 2026 net sales guidance to $1.735 bln-$1.775 bln

Company revised 2026 adj EBITDA guidance to $275 mln-$290 mln

B&G Foods revised 2026 adj diluted EPS guidance to $0.575-$0.675

Result Drivers

PORTFOLIO CHANGES - Net sales decline was mainly due to divestitures, including Green Giant U.S. frozen, Le Sueur U.S. and Don Pepino, partially offset by new sales from College Inn and Kitchen Basics acquisition and a co-manufacturing agreement

SEGMENT MIX - Spices & Flavor Solutions segment saw higher volumes and pricing, while Specialty and Meals segments faced higher raw material and manufacturing costs, and increased expenses

NON-RECURRING COSTS - Net loss driven by $36.3 mln loss on sale of assets and higher acquisition/divestiture-related and non-recurring expenses

Company press release: ID:nBwcc2p3ya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$408.90 mln
$398.31 mln (4 Analysts)
Q1 Adjusted EPS
Beat
$0.08
$0.05 (5 Analysts)
Q1 EPS
-$0.41
Q1 Adjusted Net Income
Beat
$6.80 mln
$5 mln (2 Analysts)
Q1 Adjusted EBITDA
Slight Miss*
$57.60 mln
$58.11 mln (4 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the food processing peer group is "buy."

Wall Street's median 12-month price target for B&G Foods Inc is $5.00, about 1.8% below its May 11 closing price of $5.09

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)