B&G Foods Q3 sales beat estimates on acquisitions, volume growth
BGS•B&G Foods' third-quarter net sales rose 4.7% to $459.8 million, beating the $435.02 million estimate, while adjusted EPS of $0.21 topped the $0.15 estimate. The company raised 2026 net sales and adjusted EBITDA guidance, while maintaining its adjusted diluted EPS outlook.
1. Quarterly results
B&G Foods reported third-quarter net sales of $459.8 million, up 4.7% and above the $435.02 million analyst estimate. Adjusted EPS was $0.21, compared with an estimate of $0.15; adjusted EBITDA was $81.8 million, above the $72.5 million estimate. The company reported a loss per share of $0.40.
2. Sales and margin drivers
Sales growth reflected base-business volume growth, the College Inn and Kitchen Basics acquisition, and a new co-manufacturing agreement, partly offset by divestitures. Higher volumes were offset by lower pricing and unfavorable product mix. Gross margin rose with the addition of higher-margin brands, divestiture of a lower-margin business, and lower tariff expenses.
3. 2026 outlook
B&G Foods raised its 2026 net sales guidance to $1.76 billion-$1.80 billion and adjusted EBITDA outlook to $280 million-$290 million. It maintained adjusted diluted EPS guidance of $0.575-$0.675.
