B&G Foods (NYSE:BGS) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Posted by Brenda Bartman on Nov 10th, 2026

B&G Foods (NYSE:BGS – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.06, FiscalAI reports. B&G Foods had a positive return on equity of 10.74% and a negative net margin of 4.00%. The firm had revenue of $459.78 million for the quarter, compared to analyst estimates of $435.00 million. During the same period in the previous year, the firm earned $0.15 earnings per share. B&G Foods’s quarterly revenue was up 4.7% on a year-over-year basis.

Here are the key takeaways from B&G Foods’ conference call:

Sales and adjusted EBITDA strengthened: Third-quarter net sales rose 4.7% and base-business sales increased 5%, primarily on higher volume; adjusted EBITDA climbed to $81.8 million from $70.4 million a year earlier. Management raised full-year net sales guidance to $1.76 billion–$1.80 billion and adjusted EBITDA guidance to $280 million–$290 million, while reaffirming adjusted EPS guidance.
Growth is coming from both core brands and alternative channels. B&G cited gains in private label, food service, club and institutional sales, alongside improving branded retail performance; management says it is targeting sustainable business that uses existing manufacturing capacity, rather than relying only on episodic opportunities.
Debt and interest costs remain a significant burden. Covenant leverage was just over 6.4 times at quarter-end, and management aims to get below 6 times by mid-2027 and below 5.5 times over time. Quarterly net interest expense increased $7.5 million to $44.8 million, partly reflecting acquisition-related borrowing and 11% notes.
The company reported a larger GAAP net loss despite stronger adjusted results. Third-quarter net loss was $32.5 million, including a $40.7 million non-cash impairment charge tied to the B&M and Joan of Arc divestiture; adjusted net income was $17.8 million.
Input-cost pressure is weighing on parts of the business. Higher soybean and canola oil costs and rising transportation and logistics expenses contributed to lower Specialty segment adjusted EBITDA; management identified diesel, freight and soybean oil as key cost pressures, though it said some costs had recently eased.

B&G Foods Trading Up 0.2%

NYSE:BGS opened at $2.67 on Wednesday. The company has a market capitalization of $216.61 million, a P/E ratio of 4.67 and a beta of 0.56. The stock’s 50 day moving average price is $2.71 and its 200 day moving average price is $4.02. The company has a debt-to-equity ratio of 5.08, a quick ratio of 1.09 and a current ratio of 1.62. B&G Foods has a 52 week low of $1.99 and a 52 week high of $6.38.

B&G Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 26th. Investors of record on Thursday, December 31st will be issued a $0.0950 dividend. The ex-dividend date is Thursday, December 31st. This represents a $0.38 dividend on an annualized basis and a yield of 14.3%. B&G Foods’s dividend payout ratio is currently -42.70%.

Key B&G Foods News

Here are the key news stories impacting B&G Foods this week:

Positive Sentiment: Third-quarter EPS was $0.21, above the $0.15 consensus estimate, while net sales rose 4.7% year over year to $459.8 million, also exceeding forecasts. B&G Foods Reports Financial Results for Third Quarter 2026
Positive Sentiment: B&G Foods raised its full-year outlook after the quarterly beat, strengthening the near-term earnings outlook. B&G Foods rallies on Q3 beat, raised full year outlook
Neutral Sentiment: The company said results reflect the March acquisition of College Inn and Kitchen Basics, the Green Giant U.S. frozen divestiture, and a related co-manufacturing agreement, which may affect comparisons with prior periods. B&G Foods Reports Financial Results for Third Quarter 2026
Negative Sentiment: Despite the earnings beat, the company reported a negative net margin of 4%, indicating that profitability remains a concern. B&G Foods quarterly earnings data

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BGS shares. Jefferies Financial Group set a $4.00 price objective on shares of B&G Foods in a research note on Wednesday, July 22nd. Weiss Ratings lowered shares of B&G Foods from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th. Evercore set a $4.50 price target on shares of B&G Foods in a report on Wednesday, August 12th. Barclays lowered their price target on shares of B&G Foods from $4.50 to $3.00 and set an “equal weight” rating on the stock in a report on Friday, October 16th. Finally, TD Cowen dropped their price target on shares of B&G Foods from $4.00 to $3.00 and set a “sell” rating on the stock in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Sell” and a consensus price target of $3.62.

View Our Latest Analysis on BGS

B&G Foods Company Profile

(Get Free Report)

B&G Foods, Inc. is a branded food company headquartered in Parsippany, New Jersey. The company manufactures, sells and distributes a portfolio of shelf-stable, frozen and specialty food products through grocery stores, mass merchandisers, club stores, foodservice distributors and e-commerce channels. Its products include vegetables, beans, pickles, condiments, sauces, spices, seasonings, baking products, hot cereals, snacks and frozen foods. B&G Foods’ brand portfolio has included Ortega Mexican foods, Cream of Wheat, Mrs. Dash, Maple Grove Farms, Polaner, Cary’s, Las Palmas, Underwood and B&G pickles, among other consumer food brands.