AI Earnings Predictions for B&G Foods Inc. (BGS)

EX-99.1

2 bgs-20260512xex99d1.htm

EX-99.1 EARNINGS RELEASE DATED MAY 12, 2026

Exhibit 99.1

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B&G Foods Reports Financial Results for First Quarter 2026

Parsippany, N.J., May 12, 2026—B&G Foods, Inc. (NYSE: BGS) today announced financial results for the first quarter of 2026. Financial results for the first quarter of 2026 include the partial quarter impact of the College Inn and Kitchen Basics acquisition, which was completed on March 19, 2026, and the Green Giant U.S. frozen divestiture, which was completed on March 2, 2026.

Summary

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First Quarter of 2026

(In millions, except per share data)

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Change vs.

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Amount

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Q1 2025

Net Sales

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$

408.9

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(3.9)

%

Base Business Net Sales (1)

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$

365.1

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2.8

%

Diluted EPS

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$

(0.41)

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NM

%

Adj. Diluted EPS (1)

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$

0.08

​

100.0

%

Net Loss

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$

(32.5)

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NM

%

Adj. Net Income (1)

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$

6.8

​

97.0

%

Adj. EBITDA (1)

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$

57.6

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(2.5)

%

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Guidance for Full Year Fiscal 2026

●Net sales revised to a range of $1.735 billion to $1.775 billion.

●Adjusted EBITDA revised to a range of $275.0 million to $290.0 million.

●Adjusted diluted earnings per share revised to a range of $0.575 to $0.675.

Commenting on the results, Casey Keller, President and Chief Executive Officer of B&G Foods, stated, “In the first quarter, B&G Foods completed major steps in reshaping our portfolio for long-term sustainability and success, divesting the Green Giant U.S. Frozen business and acquiring the College Inn and Kitchen Basics broth and stock businesses. First quarter results were generally in line or ahead of expectations and delivered 2.8% base business net sales growth.”

Financial Results for First Quarter of 2026

Net sales for the first quarter of 2026 decreased $16.5 million, or 3.9%, to $408.9 million from $425.4 million for the first quarter of 2025. The decrease was primarily attributable to the Green Giant U.S. frozen, Le Sueur U.S. and Don Pepino divestitures, partially offset by an increase in base business net sales, one month of net sales from the co-manufacturing agreement the Company entered into on March 2, 2026 with the acquirer of the Green Giant U.S. frozen business, and a partial month of net sales for the College Inn and Kitchen Basics brands.

Net sales of the Company’s Green Giant U.S. frozen business, which the Company owned for only two months during the first quarter of 2026, contributed $27.2 million less net sales during the first quarter of 2026 as compared to the first quarter of 2025. Net sales of the Don Pepino and Le Sueur U.S. businesses, which the Company divested in 2025 and are therefore not part of the Company’s first quarter of 2026 results, were $10.6 million during the first quarter of 2025. Partially offsetting the impact of these divestitures were one month of net sales from the new Green Giant U.S. frozen co-manufacturing agreement, which contributed $8.5 million of net sales in the first quarter of 2026 and a partial month of net sales for the College Inn and Kitchen Basics brands, acquired on March 19, 2026, which contributed $2.9 million to the Company’s net sales for the first quarter of 2026.

Base business net sales for the first quarter of 2026 increased $9.9 million, or 2.8%, to $365.1 million from $355.2 million for the first quarter of 2025. The increase in base business net sales was driven by an increase in volume of $6.6 million, or 1.9% of base business net sales, an increase in net pricing and the impact of product mix (primarily related to the Spices & Flavor Solutions business unit) of $1.6 million, or 0.5% of base business net sales, and the positive impact of foreign currency of $1.7 million, or 0.5% of base business net sales.

For the first quarter of 2026, gross profit was $79.9 million or 19.5% of net sales, and adjusted gross profit(1) was $84.6 million, or 20.7% of net sales. For the first quarter of 2025, gross profit was $90.1 million, or 21.2% of net sales, and adjusted gross profit was $90.6 million, or 21.3% of net sales.

Selling, general and administrative expenses increased $1.1 million, or 2.2%, to $50.2 million for the first quarter of 2026 from $49.1 million for the first quarter of 2025. The increase was composed of an increase in acquisition/divestiture-related and non-recurring expenses of $6.4 million, inclusive of an increase of $1.9 million for disposals and impairments of property, plant and equipment. This increase was partially offset by decreases in general and administrative expenses of $3.9 million and warehousing expenses of $1.4 million. Expressed as a percentage of net sales, selling, general and administrative expenses increased by 0.7 percentage points to 12.3% for the first quarter of 2026, as compared to 11.6% for the first quarter of 2025.

During the first quarter of 2026, the Company recognized a loss on sale of assets of $36.3 million, primarily related to the divestiture of the Green Giant U.

B&G Foods, Inc._March 3, 2026 0001278027false00012780272026-03-032026-03-03 As filed with the Securities and Exchange Commission on March 3, 2026 ​ ​

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549 ​

​

FORM 8-K

​

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ​ Date of report (Date of earliest event reported): March 3, 2026 ​ B&G Foods, Inc. (Exact name of Registrant as specified in its charter) ​ ​

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Delaware ​ 001-32316 ​ 13-3918742

(State or Other Jurisdiction ​ (Commission ​ (IRS Employer

of Incorporation) ​ File Number) ​ Identification No.)

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8 Sylvan Way, Parsippany, New Jersey ​ 07054

(Address of Principal Executive Offices) ​ (Zip Code)

​ Registrant’s telephone number, including area code: (973) 401-6500 ​ Securities registered pursuant to Section 12(b) of the Act: ​ ​

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Title of each class Trading Symbol Name of each exchange on which registered

Common Stock, par value $0.01 per share BGS New York Stock Exchange

​ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ​ ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ​ ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ​ ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ​ ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ​ Emerging growth company ☐ ​ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ​ ​ ​ ​

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Item 2.02. Results of Operations and Financial Condition. Item 7.01. Regulation FD Disclosure. ​ On March 3, 2026, B&G Foods, Inc. issued a press release announcing its financial results for the fourth quarter and fiscal year ended January 3, 2026. The information contained in the press release, which is attached to this report as Exhibit 99.1, is incorporated by reference herein and is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition” and Item 7.01, “Regulation FD Disclosure.” ​ Item 9.01. Financial Statements and Exhibits. ​ (d)             Exhibits. ​ 99.1    Press Release dated March 3, 2026, furnished pursuant to Item 2.02 and Item 7.01 ​ 104    The cover page from this Current Report on Form 8-K, formatted in Inline XBRL and contained in Exhibit 101 ​

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SIGNATURE

​ Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ​ ​

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B&G FOODS, INC.

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Dated: March 3, 2026 By: /s/ Bruce C. Wacha

​ ​ Bruce C. Wacha

​ ​ Executive Vice President of Finance

​ ​ ​ and Chief Financial Officer

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B&G Foods, Inc._November 5, 2025 0001278027false00012780272025-11-052025-11-05 As filed with the Securities and Exchange Commission on November 5, 2025 ​ ​

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549 ​

​

FORM 8-K

​

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ​ Date of report (Date of earliest event reported): November 5, 2025 ​ B&G Foods, Inc. (Exact name of Registrant as specified in its charter) ​ ​

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Delaware ​ 001-32316 ​ 13-3918742

(State or Other Jurisdiction ​ (Commission ​ (IRS Employer

of Incorporation) ​ File Number) ​ Identification No.)

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Four Gatehall Drive, Parsippany, New Jersey ​ 07054

(Address of Principal Executive Offices) ​ (Zip Code)

​ Registrant’s telephone number, including area code: (973) 401-6500 ​ Securities registered pursuant to Section 12(b) of the Act: ​ ​

​

​

Title of each class Trading Symbol Name of each exchange on which registered

Common Stock, par value $0.01 per share BGS New York Stock Exchange

​ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ​ ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ​ ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ​ ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ​ ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ​ Emerging growth company ☐ ​ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ​ ​ ​ ​

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Item 2.02. Results of Operations and Financial Condition. Item 7.01. Regulation FD Disclosure. ​ On November 5, 2025, B&G Foods, Inc. issued a press release announcing its financial results for the quarter ended September 27, 2025. The information contained in the press release, which is attached to this report as Exhibit 99.1, is incorporated by reference herein and is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition” and Item 7.01, “Regulation FD Disclosure.” ​ Item 9.01. Financial Statements and Exhibits. ​ (d)             Exhibits. ​ 99.1    Press Release dated November 5, 2025, furnished pursuant to Item 2.02 and Item 7.01 ​ 104    The cover page from this Current Report on Form 8-K, formatted in Inline XBRL and contained in Exhibit 101 ​

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SIGNATURE

​ Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ​ ​

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B&G FOODS, INC.

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Dated: November 5, 2025 By: /s/ Bruce C. Wacha

​ ​ Bruce C. Wacha

​ ​ Executive Vice President of Finance

​ ​ ​ and Chief Financial Officer

​ ​ ​ ​ ​ ​