B&G Foods raises sales and EBITDA outlook after revenue grows 4.7% in third quarter
Key Facts
B&G Foods reported third-quarter results on November 10, 2026, with net sales of $459.8 million, up 4.7% year over year, and raised its outlook ranges for sales and adjusted EBITDA for the year. Sales topped analysts’ estimate of $432.32 million, while adjusted earnings were $0.21 per share, compared with an estimate of $0.15. After the announcement, the stock rose 9.11% in after-hours trading to $2.902, from the regular-session close of $2.66, according to Investing.com. GuruFocus reported that the stock climbed more than 10% in extended trading after the results were released. The reaction followed the company’s report of sales growth and earnings that beat estimates, alongside increases to some of its annual targets.
Sales were $459.8 million, compared with $439.3 million in the same quarter of 2025, an increase of $20.5 million, or 4.7%, according to the company’s filing with the U.S. Securities and Exchange Commission. Sales included a $29.0 million contribution from the acquisition of College Inn and Kitchen Basics, as well as $26.3 million from the co-manufacturing agreement for Green Giant U.S. frozen products. The company completed the acquisition of College Inn and Kitchen Basics on March 19, 2026, and completed the divestiture of Green Giant U.S. frozen on March 2 of the same year. The figures reflect the effects of changes to the business portfolio during the quarter, along with sales generated by the manufacturing agreement. Gross profit rose to $108.9 million, or 23.7% of sales, compared with $99.0 million and a 22.5% margin in the third quarter of 2025.
In contrast, the company recorded $40.7 million in noncash, pretax impairment charges related to indefinite-lived brand assets for B&M and Joan of Arc. The charges affected quarterly results, while the company reported that net sales increased from the year-earlier period. The comparison between gross profit of $108.9 million and the year-earlier figure of $99.0 million shows an improvement in that item, while its share of sales rose from 22.5% to 23.7%. Adjusted earnings per share of $0.21 also topped analysts’ estimate of $0.15. The company left its full-year adjusted diluted earnings-per-share guidance unchanged, despite raising its sales and adjusted EBITDA ranges.
B&G Foods raised its fiscal 2026 net sales outlook range to $1.760–$1.800 billion and its adjusted EBITDA range to $280–$290 million. The company kept its adjusted diluted earnings-per-share outlook at $0.575–$0.675. The updates therefore raised estimates for operating activity while leaving the earnings-per-share range unchanged. Chief Executive Rob Mills said the company’s priorities include “delivering on our 2026 commitments, building a stronger operating foundation for 2027 and beyond, accelerating productivity and cost savings, improving cash generation, and reducing leverage.” These priorities link this year’s guidance to management’s plan to strengthen operations and cash generation in the years ahead.
The stock closed at $2.66 on November 9, the day before the results announcement, according to EL7 data; the $2.66 level cited in Investing.com’s report was the regular-session close on November 10, before after-hours trading, when the price reached $2.902. B&G Foods scheduled a call to discuss its third-quarter results for November 10 at 4:30 p.m. Eastern time. Management said its work includes accelerating productivity, reducing costs, improving cash generation and reducing leverage. It also listed building a stronger operating foundation for 2027 and beyond among its priorities. The information provided did not specify a date for the next results announcement or outlook update.