B&G Foods Sees Q4 EPS Fall 9.7%, Sells Green Giant Line, Guides $1.655–1.695B Sales
B&G Foods reported Q4 adjusted EPS of $0.28, down 9.7%, and net sales of $539.6 million, down 2.2%, driven by divestitures offsetting 0.8% base business growth. It sold its Green Giant U.S. line and issued FY2026 guidance of $1.655–1.695 billion net sales, $265–275 million adjusted EBITDA and $0.55–0.65 EPS.
1. Q4 Earnings and Sales Performance
B&G Foods posted Q4 adjusted EPS of $0.28, down 9.7% year over year, and net sales of $539.6 million, down 2.2%, reflecting recent divestitures. Adjusted gross margin expanded 80 basis points to 23%, while SG&A expenses rose 7.3% to $54.0 million, lifting SG&A to 10% of sales. Adjusted EBITDA slipped to $84.7 million from $86.1 million, with margin improving to 15.7%.
2. Segment Performance
Specialty net sales fell 3% to $210.2 million due to the Don Pepino divestiture and tariffs, driving a 7% drop in adjusted EBITDA to $55.8 million. Meal net sales rose 1.1% to $124.2 million, lifting adjusted EBITDA 13.3% to $32.0 million on favorable pricing and cost reductions. Frozen & Vegetables sales declined 10.1% to $99.1 million following the Le Sueur U.S. sale, but the EBITDA loss narrowed to $0.5 million. Spices & Flavor Solutions achieved a 4.2% sales increase to $106.1 million, offset by an 11.1% EBITDA decline to $23.1 million due to higher input costs and tariffs.
3. Divestiture and 2026 Outlook
The company completed the sale of its Green Giant U.S. frozen vegetable line, generating proceeds intended for debt reduction while maintaining production under a co-pack agreement. B&G Foods ended Q4 with $56.3 million cash and $1.9456 billion net long-term debt. It forecasts fiscal 2026 net sales of $1.655–1.695 billion, adjusted EBITDA of $265–275 million and EPS of $0.55–0.65, excluding pending acquisitions and divestitures.