B&G Foods Q1 Adjusted EPS Doubles, Base Sales Up 2.8% Amid Portfolio Reshaping
Summary
B&G Foods reported mixed first-quarter 2026 financial results, with net sales decreasing 3.9% to $408.9 million and a net loss of $32.5 million (diluted EPS of $(0.41)). However, base business net sales increased 2.8% to $365.1 million, and adjusted diluted EPS rose 100% to $0.08. The results reflect the impact of the Green Giant U.S. frozen divestiture and the College Inn and Kitchen Basics acquisition, both completed in March 2026, with the net loss including a $36.3 million loss on the sale of assets. The CEO noted results were generally in line or ahead of expectations. The company also revised its full-year 2026 guidance, with net sales now expected between $1.735 billion and $1.775 billion, adjusted EBITDA between $275.0 million and $290.0 million, and adjusted diluted EPS between $0.575 and $0.675. Investors will closely monitor the integration of new acquisitions and the performance of the streamlined portfolio in upcoming quarters.
At the time of this announcement, BGS was trading at $5.07 on NYSE in the Trade & Services sector, with a market capitalization of approximately $407.7M. The 52-week trading range was $3.67 to $6.38. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.