earnings
confidence high
sentiment neutral
materiality 0.65
B&G Foods Q2 net loss narrows to $4.0M; adj EPS $0.06, FY26 guidance reaffirmed
B&G Foods, Inc.
- Q2 net sales $383.3M, down 9.7% YoY; base business net sales $346.3M, down 2.9% on 4.3% volume decline.
- Adjusted EBITDA $60.4M, up 4.2%; adj margin 15.8% vs 13.7%; adj diluted EPS $0.06 vs $0.04.
- Spices & Flavor Solutions adj EBITDA up 29.0% to $31.1M; Specialty down 27.3% on Crisco oil costs.
- Closed $475M 11.00% senior notes due 2031 to refinance 5.25% notes due 2027; net interest expense $38.5M.
- FY26 guidance reaffirmed: net sales $1.735-1.775B, adj EBITDA $275-290M, adj EPS $0.575-0.675.