The earnings call reflects a mixed performance for B&G Foods in Q2 2025. While the company achieved strong cash flow generation and made strategic divestitures to focus on core segments, it faced challenges with declining net sales and EBITDA, particularly in the frozen and vegetables business unit. Tariffs and increased commodity costs also posed significant hurdles. The company is optimistic about the second half of the year, expecting improvements in profitability and operational efficiency.

Company Guidance -

Q3 2025

During the B&G Foods second quarter 2025 earnings call, the company provided revised guidance for fiscal 2025, primarily reflecting the impact of recent divestitures. They now expect net sales to range between $1.83 billion and $1.88 billion, adjusted EBITDA between $273 million and $283 million, and adjusted earnings per share between $0.50 and $0.60. The company anticipates a 53rd week to contribute 2% to 3% net sales growth in Q4. Despite a challenging start to the year, with Q2 net sales down 4.5% to $424.4 million and adjusted EBITDA down 9.3% to $58 million, B&G Foods projects sequential improvement in the second half, supported by targeted pricing actions, cost savings, and productivity efforts expected to deliver $10 million in adjusted EBITDA growth in Q3 and Q4. The company remains focused on reshaping its portfolio to improve margins and cash flow, with adjusted EBITDA as a percentage of net sales approaching 20%, while reducing leverage to closer to 5x.

Cash Flow and Debt Reduction

B&G Foods generated $17.8 million in net cash from operations during Q2 2025, an increase from $11.3 million in Q2 2024. Net debt was reduced to $1.957 billion at the end of Q2 2025, with further reduction expected through divestitures.

Divestitures and Portfolio Reshaping

Completed divestitures of Don Pepino and Scalfani brands in May and Le Sueur U.S. Canned peas, removing higher working capital needs and focusing on more profitable and core segments.

Improvement in Frozen and Vegetables Business

The U.S. frozen vegetables business is expected to turn profitable, with a projected $8 million to $10 million increase in segment adjusted EBITDA in the second half of 2025.

Strong Cash Flow Generation

Year-to-date net cash from operations was $70.6 million in the first half of 2025, up from $46.4 million during the same period in 2024.

B&G Foods (BGS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BGS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.12 / -	0.13	―	―	―
Aug 04, 2025	2025 (Q2)	0.06 / 0.04	0.08	-50.00% (-0.04)	―
May 07, 2025	2025 (Q1)	0.14 / 0.04	0.18	-77.78% (-0.14)	―
Feb 25, 2025	2024 (Q4)	0.30 / 0.31	0.3	3.33% (+0.01)	―
Nov 05, 2024	2024 (Q3)	0.20 / 0.13	0.27	-51.85% (-0.14)	―
Aug 06, 2024	2024 (Q2)	0.09 / 0.08	0.15	-46.67% (-0.07)	―
May 08, 2024	2024 (Q1)	0.21 / 0.18	0.27	-33.33% (-0.09)	―
Feb 27, 2024	2023 (Q4)	0.28 / 0.30	0.4	-25.00% (-0.10)	―
Nov 08, 2023	2023 (Q3)	0.23 / 0.27	0.31	-12.90% (-0.04)	―
Aug 03, 2023	2023 (Q2)	0.10 / 0.15	0.07	114.29% (+0.08)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BGS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 04, 2025	$4.11	$4.00	-2.68%
May 07, 2025	$6.04	$4.52	-25.17%
Feb 25, 2025	$6.35	$6.53	+2.83%
Nov 05, 2024	$7.97	$6.39	-19.82%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.