B&G Foods Q2 Sales Drop 9.7% but Adjusted EBITDA Rises 4.2%; Guidance Reaffirmed
BGS is trading near its 52-week low of $3.35 (6.9% above the low).
Summary
B&G Foods reported Q2 2026 net sales of $383.3 million, down 9.7% year-over-year, missing estimates due to divestitures and a 2.9% decline in base business volumes. Adjusted EBITDA grew 4.2% to $60.4 million, and adjusted diluted EPS rose 50% to $0.06, while the company posted a GAAP loss per share of $0.05. The company reaffirmed full-year 2026 guidance for net sales of $1.735 billion to $1.775 billion, adjusted EBITDA, and adjusted EPS of $0.575 to $0.675. This follows the recent CEO transition, with Robert Mills taking over from Kenneth Keller on August 7. The results show margin improvement despite top-line pressure, keeping the turnaround narrative intact.
Updates
· SEC 10-Q — The 10-Q shows Q2 net loss of $3.98 million, cash dividends declared of $0.095 per share, and long-term debt including $330 million revolving credit loans and $475 million 11.00% senior notes due 2031.
At the time of this announcement, BGS was trading at $3.58 on NYSE in the Trade & Services sector, with a market capitalization of approximately $276.8M. The 52-week trading range was $3.35 to $6.38. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: BusinessWire.