B&G Foods (NYSE:BGS) Issues 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) announced its earnings results on Tuesday. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.15 by $0.06, FiscalAI reports. The business had revenue of $459.78 million for the quarter, compared to analysts’ expectations of $435.00 million. B&G Foods had a positive return on equity of 12.53% and a negative net margin of 4.70%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 earnings per share.

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 Stock Performance

Shares of BGS opened at $3.63 on Thursday. The company has a debt-to-equity ratio of 5.08, a current ratio of 1.62 and a quick ratio of 1.09. The stock has a 50-day moving average of $2.71 and a 200-day moving average of $4.02. The company has a market cap of $295.37 million, a PE ratio of -3.46 and a beta of 0.56. B&G Foods has a one year low of $1.99 and a one year high of $6.38.

B&G Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 26th. Stockholders of record on Thursday, December 31st will be given a dividend of $0.0950 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend is Thursday, December 31st. B&G Foods’s dividend payout ratio is -42.70%.

Latest B&G Foods News

These are some of the BGS news items that stood out recently:

Positive Sentiment: B&G Foods reported Q3 adjusted earnings of $0.21 per share, above the $0.15 consensus estimate, while revenue rose 4.7% year over year to $459.8 million, topping expectations of $435 million. Higher volumes and improved margins supported the results. BGS Q3 Earnings Top Estimates as Volumes and Margins Improve
Positive Sentiment: Management raised its FY2026 outlook to EPS of $0.575–$0.675 and net sales of $1.76 billion–$1.8 billion, above the cited consensus estimates of $0.57 EPS and $1.7 billion in revenue. The improved forecast signals confidence in continued performance. B&G Foods targets leverage below 6x by mid-2027 as it lifts 2026 net sales view
Positive Sentiment: Portfolio changes—including the College Inn and Kitchen Basics acquisition and the Green Giant U.S. frozen-food divestiture—are contributing to growth and margin improvement. Management says cash generation and debt reduction are priorities, with a goal of bringing leverage below 6x by mid-2027. Why B&G Foods Stock Soared Today

Analysts Set New Price Targets

BGS has been the topic of a number of recent analyst reports. Weiss Ratings downgraded B&G Foods from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th. Jefferies Financial Group set a $4.00 target price on B&G Foods in a research report on Wednesday, July 22nd. TD Cowen decreased their target price on B&G Foods from $4.00 to $3.00 and set a “sell” rating for the company in a research note on Wednesday, August 12th. Barclays lowered their target price on B&G Foods from $4.50 to $3.00 and set an “equal weight” rating for the company in a report on Friday, October 16th. Finally, Evercore set a $4.50 price target on B&G Foods in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, B&G Foods has a consensus rating of “Sell” and an average target price of $3.62.

View Our Latest Research Report on B&G Foods

About B&G Foods

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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.