B&G Foods Holdings (BGS)
NYSE:BGS
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Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.05Last Year’s EPS
0.04Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed but constructive picture. Management is actively reshaping the portfolio—selling lower-fit assets (Green Giant U.S. frozen and pending Canada divestiture) and acquiring higher-margin broth brands (College Inn and Kitchen Basics)—and reported improved adjusted margins, productivity gains (COGS improvement ~120 bps), solid adjusted EBITDA and strong operating cash flow. Near-term headwinds include significant non-cash impairment charges that produced GAAP net losses, tariff-related costs (~$9.5M FY), margin pressure in the spices business, and still-elevated leverage (~6.3x pro forma) that requires further deleveraging. Management’s fiscal 2026 guidance (adjusted EBITDA $265M–$275M, net sales $1,655M–$1,695M) and reported early-year base business momentum (~4% YTD through February) provide a cautiously optimistic outlook, but execution risk around transaction closings, tariff volatility, and debt reduction remains.Company Guidance
Q4 and Fiscal 2025 Adjusted Profitability
Q4 adjusted EBITDA of $84.7M (15.7% of net sales) and fiscal 2025 adjusted EBITDA of $272.2M (14.9% of net sales) demonstrating solid underlying profitability on an adjusted basis despite reported GAAP losses.
Improved Gross Margin / COGS Progress
Adjusted gross profit for Q4 was $123.9M (23.0% of net sales) vs. $122.3M (22.2%) in prior year; cost of goods sold as a percentage of net sales improved by ~120 basis points year-over-year, reflecting productivity and savings initiatives.
Portfolio Reshaping: Divestiture and Acquisition
Completed sale of Green Giant U.S. frozen business (received ~$63.2M proceeds) and announced pending Green Giant Canada divestiture (regulatory review) plus acquisition of College Inn and Kitchen Basics (expected to close by March). Management expects the net result to deliver a more focused portfolio with higher margins, stronger cash flows and positive adjusted EBITDA growth from the acquired broth business.
FY2026 Financial Guidance
Provided guidance for fiscal 2026: net sales $1,655M–$1,695M, adjusted EBITDA $265M–$275M, adjusted EBITDA margin ~16.0%–16.5%, and adjusted diluted EPS $0.55–$0.65, indicating management expects improved performance and margin expansion.
Early FY26 Momentum in Base Business
Management indicated base business trends improving, expecting +0.4% for the remaining core businesses in FY26 and reporting year-to-date base business net sales through February up roughly 4%, suggesting a strong start to the year.
Segment Strengths—Meals and Frozen & Vegetables
Meals net sales +1.1% in Q4 to $124.2M with segment adjusted EBITDA up ~$3.8M; Frozen & Vegetables segment adjusted EBITDA increased by $2.8M in Q4 driven by favorable raw material costs, Mexico facility productivity gains and cost savings.
Spices & Flavor Solutions Topline Growth
Spices & Flavor Solutions net sales grew 4.2% in Q4 to $106.1M, benefiting from fresh-perimeter growth, club and foodservice channels and higher volumes.
Strong Operating Cash Flow and Debt Reduction Progress
Net cash provided by operating activities in Q4 was $95.4M vs $80.3M prior year; net debt reduced to $1,912M (from $1,994M prior year). Pro forma net debt including the Green Giant U.S. divestiture and deposit for the College Inn acquisition would be ~$1,835M, with pro forma net debt to covenant adjusted EBITDA ~6.25x and management targeting ~6.0x by mid-year and a long-term 4.5–5.0x target.
Co-pack Revenue Run Rate
Arrangement with Seneca to retain manufacturing in Mexico yields expected co-pack net sales of ~ $100M per year, with management expecting to earn a modest profit on these co-pack sales.
BGS Earnings History
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 |
|---|---|---|---|
Mar 03, 2026 | $4.86 | $5.65 | +16.25% |
Nov 05, 2025 | $3.67 | $4.57 | +24.63% |
Aug 04, 2025 | $3.63 | $3.53 | -2.67% |
May 07, 2025 | $5.33 | $3.99 | -25.20% |
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.
FAQ
When does B&G Foods Holdings (BGS) report earnings?
B&G Foods Holdings (BGS) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is B&G Foods Holdings (BGS) earnings time?
B&G Foods Holdings (BGS) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BGS EPS forecast?
BGS EPS forecast for the fiscal quarter 2026 (Q1) is 0.05.
