B&G Foods Q1 net loss $32.5M on divestiture loss; cuts dividend; revises guidance

B&G Foods, Inc.

• Net sales $408.9M, down 3.9% YoY; base business net sales +2.8% to $365.1M.
• Diluted EPS ($0.41); adjusted EPS $0.08; net loss of $32.5M included $36.3M loss on Green Giant sale.
• Dividend reduced from $0.76 to $0.38 per share annually, effective with July 30, 2026 payment.
• FY 2026 revised guidance: net sales $1.735-1.775B, adj. EBITDA $275-290M, adj. diluted EPS $0.575-0.675.
• Spices & Flavor Solutions adj. EBITDA +13.1%; Meals adj. EBITDA -20.1% on raw material and tariff costs.

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