B&G Foods Q4 EPS Flat at $0.28; Sales Drop 2.2% to $539.6M
B&G Foods posted adjusted Q4 EPS of $0.28, down 9.7% year over year, meeting consensus estimates. Net sales declined 2.2% to $539.6 million due to divestitures, while adjusted gross margin rose by 80 basis points to 23% and base business net sales grew 0.8%.
1. Q4 Financial Results
B&G Foods reported adjusted EPS of $0.28, down 9.7% from $0.31 in the prior-year quarter, in line with consensus estimates. Net sales fell 2.2% to $539.6 million, driven by the divestitures of Le Sueur U.S., Don Pepino and Sclafani brands, partially offset by base business growth.
2. Segment Performance Breakdown
The Specialty segment saw net sales decrease 3% to $210.2 million due to the Don Pepino divestiture, while Meals sales rose 1.1% to $124.2 million, driving a 13.3% EBITDA gain. Frozen & Vegetables sales declined 10.1% to $99.1 million but reduced losses, and Spices & Flavor Solutions sales increased 4.2% to $106.1 million despite an 11.1% EBITDA drop.
3. Divestitures and Balance Sheet Impact
The sale of the Green Giant U.S. frozen vegetable line and earlier brand divestitures align with a strategy to shed non-core assets and lower debt. B&G Foods ended the quarter with $56.3 million in cash and cash equivalents against $1,945.6 million in net long-term debt.
4. Fiscal 2026 Outlook
For fiscal 2026, the company forecasts net sales of $1.655–1.695 billion, adjusted EBITDA of $265–275 million and adjusted EPS of $0.55–0.65. This outlook reflects one fewer reporting week and completed divestitures, and excludes pending acquisitions of College Inn and Kitchen Basics and the Green Giant Canada divestiture.