Quarterly ResultAug 11, 2026, 04:13 PM
B&G Foods Q2 Net Sales $383.3M, Adj. EPS $0.06; Reaffirms FY26 Guidance
AI Summary
B&G Foods reported its second quarter 2026 financial results, with net sales decreasing 9.7% to $383.3 million, primarily due to divestitures. Despite lower sales, adjusted diluted EPS rose 50.0% to $0.06 and adjusted EBITDA increased 4.2% to $60.4 million, driven by portfolio reshaping and the College Inn and Kitchen Basics acquisition. The company reaffirmed its full-year 2026 guidance for net sales, adjusted EBITDA, and adjusted diluted EPS, and completed a $475 million senior notes offering to strengthen its balance sheet.
Key Highlights
- Q2 2026 Net Sales decreased 9.7% to $383.3 million.
- Q2 2026 Adjusted Diluted EPS increased 50.0% to $0.06.
- Q2 2026 Adjusted EBITDA increased 4.2% to $60.4 million.
- Full-year 2026 net sales guidance reaffirmed at $1.735 billion to $1.775 billion.
- Full-year 2026 adjusted EBITDA guidance reaffirmed at $275.0 million to $290.0 million.
- Meals segment net sales increased 6.2% to $110.5 million in Q2 2026.
- Frozen & Vegetables segment net sales decreased 47.0% to $47.2 million in Q2 2026.
- Completed $475 million senior notes offering to refinance debt.
Price Impact
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